You’ve been waiting for it, an in-depth explanation about our Airdrop event!
TL DR:
- Earn $CHIPS in our discord to get $BET
- Airdrop ends 30April
- 4% of Total supply is dedicated for the event
- No hard cap amount per individual
- Gen roles make you receive your tokens earlier
Let’s start with a simple overview of ChainBet’s token, $BET. Once locked, $BET is a governance token that will allow stakers to receive profits generated by the betting protocol. In addition to this, it also allows you to obtain voting power within the DAO.
Currently the only way to earn $BET is through $CHIPS, a token that can be won by interacting inside our Discord. At the end of the Airdrop farming phase, $CHIPS owner will receive an amount of $BET equal to their balance with a 100:1 ratio.
Since our community is the heart of ChainBet, it was natural to share tokens with our active members who make the community and the project pulse with life. The concept is a simple one. The more involved you are in the community, the more tokens you will receive.
Here are the main ways to earn $CHIPS.
- 🐦 Liking/Retweeting ChainBet posts on Twitter. We have created a custom Discord bot, that is looking at your interactions on our Twitter posts. Just by liking/retweeting and commenting you’ll receive tokens!
- 🗣️ Be active on Discord, our bot is granting tokens based on the quality of your post and added discussion.
- 🎲 Play custom-developed ChainBet games. We have created custom games inside Discord that replicates the game we have coded on the Testnet. Coinflip, Roulette, and Dice! WIN BIG and earn even more $CHIPS!
- 📜 Participate in Testnet competitions and auditing. We are launching a test net phase on the 15th of April. Participants will be able to test our dApps and games, every wallet that has played a few games will receive an airdrop!
- 🧵 Make a thread about ChainBet on Twitter!
- 💌 Invite your friends, and help build and grow our ChainBet community!
- 🎨 Paticipate in Art, meme, quizz, poker contests…
Note: There is no maximum amount of $CHIPS a person can accumulate.
Supply and distribution
Total_Supply = 100,000,000
4% of the total supply is dedicated to the Airdrop event, anything that is not claimed will be kept for future airdrop opportunities! An additionnal 0.25% of total supply will be fully distributed based on invites count.
Invites_Count / Total_Invites * 0.0025 * Total_Supply = Amount
As explained in our last Medium article, our invite system takes into account referrals of referrals. Meaning if you get to invite someone that has access to a broad audience, you’ll benefit too!
Nevertheless, if the total supply of $CHIPS were to exceed the amount dedicated to the event. $BET would be distributed through this formula:
Chips_Count/Total_Chips * 0.0375 * Total_Supply = Amount
Gen Roles :
Gen 1: will receive their airdrop allocation 4 weeks after the mainnet launch
Gen 2: will receive their airdrop allocation 5 weeks after the mainnet launch
Gen 3: will receive their airdrop allocation 6 weeks after the mainnet launch
Every Generation is eligible for the same amount of tokens. How much you receive is not based on which Gen you are, but on how much you help the community grow! So someone who came early but doesn’t participate will receive a low amount of airdrop, in comparison to someone who was late but is extremely active.
Next article will go in depth about ChainBet’s protocol and the innovations we bring to the betting industry.
