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Sifchain Public Ideas Portal
123 VOTE
Status Will not implement
Created by Vccar Mun
Created on Apr 23, 2021

2/4 airdrop before 14th May.

Pleas distribute second tranche of Airdrop to eligible addresses before 14th May. So more people stake them for lush subsidey rewards. This will help to secure investors interest as it will avoid significant price drop.

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  • Shabari Yogisha
    May 6, 2021

    Hey Jazear, thanks man. Very good decision ! lets rock together

  • Sif Forever
    May 6, 2021

    Tahnks Jazear, I think its a good alternative as well, if the extension gets implemented. I think the proposal got brought up and so many people voted for it was because they want to stake their airdrops for the validator subsidy programme.

    Looking forward to staking the 2nd, and hopefully 3rd and even 4th airdrop as well for the validator subsidy program.

  • Admin
    Jazear Brooks
    May 6, 2021

    Extending VS and LM is not yet confirmed, but it is receiving strong support within the team so might very well occur.

  • Admin
    Jazear Brooks
    May 6, 2021

    We will not implement this. Part of the reason is that we will very likely increase the duration of the LM and VS rewards program beyond May 14.

  • valerie bian
    May 2, 2021

    I agree with Hodlgod's opinion; didn't know that the team's validator will be pulled out soon. So that means the rewards would even be higher, on top of getting the 4x multiplier! However, that might prove technically hard for the team to execute, as they have a lot of things on their plate already. I am fine with the 2/4 airdrop before May 14th though, if that is possible.

  • Tim
    May 2, 2021

    I posted this in the "CANCEL AIR DROP THREAD":
    If the second distribution is going to take place as originally planned, maybe the team could consider cancelling the remaining distributions and add that pool of ROWAN into the subsidy bonus pool. This would incentivize and reward all people participating in subsidy programs; the air droppers who staked their claims and the early investors who staked and held through the volatility will receive an enhanced rewards rate.

  • Sif Forever
    May 2, 2021

    We can even get a 3rd airdrop before the 14th May, because according to the first medium article on the airdrop, it was supposed to be out one week after the sale ends on 26th Feb. I.e. latest 5th March

    If everything was according to schedule, then we gotten 1st airdrop on 5th March, 2nd airdrop on 5th April, and 3rd airdrop on 5th May. As a result, we could have staked 3/4 of our airdrops.

    Furthermore, with the talk being that Sifchain protocol (in telegram group) is going to pull out their validators, which represents a huge majority of current rowan being staked, (maybe around 85% by my own estimations) it is imperative that we get as many people to stake their rowan so as to provide security to the sifchain protocol.

    Remember that we have to bond at least 2x of the total value locked, so that an economic attack would prove to be more costly than stealing the funds and hence deter any potential malicious actors.

    If the protocol's validator unstakes, we need as many community members to stake as possible, and hence the second and third airdrops would be a strategic move to secure the protocol. The developers can propose to lock in the staking for 2nd and 3rd airdrops as well, if it is given out before 14th May.

  • Shabari Yogisha
    May 1, 2021

    This is a good idea, hope team takes into consideration soon

  • king ken
    May 1, 2021

    I'd even say drop everything before the 14th may, that way we can stake at high apy and meanwhile they are vested for 4 months

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