ORAIX Fairdrop for $AIRI holders, up to 0.3% total supply
OraiDEX — the decentralized exchange included in the Oraichain ecosystem- holds a fairdrop program for selected token holders. As announced, holders of AIRI on both Oraichain Mainnet (CW20 AIRI) and BNB chain (BEP20 AIRI) will be one of the few selected token holders to get the first access.
Snapshot requirements for $AIRI holders on the Oraichain network (CW20 $AIRI) and BNB chain (BEP20 $AIRI)
The holders of $AIRI tokens on both Oraichain and BSC will be qualified for the ORAIX Fairdrop Program.
Snapshot date: at any time until the ORAIX listing event in May
Number of snapshots: 1
ORAIX Fairdrop Distribution for CW20 $AIRI and BEP20 $AIRI holders
Total allocation for all $AIRI holders: up to 0.3% of the total supply.
The Oraichain team will capture and create whitelisted wallets which are eligible for claiming ORAIX later. The ORAIX amount each wallet can claim depends on the following criteria but is not limited to:
- The ratio between your $AIRI balance and the total $AIRI circulating supply at the time of the snapshot on both Oraichain and BNB chain.
- Your ORAI/AIRI LP tokens on OraiDEX have different multipliers.
- AIRI/BNB LP token and single-side AIRI staking token on BNB chain
- Max cap each wallet.
- Wallet’s history activities.
- Required tasks on OraiDEX.
Note: The airdrop rate for the AIRI holders on Oraichain will be greater than that on BNB chain. The details will be announced later.
You can also read more information about ATOM, KWT and LUNA communities. Details about the fairdrops for other communities within the Cosmos ecosystem will be revealed soon.
What is OraiDEX and ORAIX?
OraiDEX is a decentralized exchange platform that allows smooth & secure transactions of the native ORAI token and tokens within Cosmos chains and across other blockchains. OraiDEX is working on multiple interchain features that bring seamless transitions between different blockchains:
- Token bridging: moving native token or data from Ethereum, BNB Chain, and other networks to Oraichain and vice versa — KWT and MILKY will be listed for exchange in Q2;
- OraiSwap: easy token swapping, streamlined liquidity provision and farming with profitable APR;
- IBC integration: allowing trustless communication between tokens;
- NFT Bridge: relocating NFT assets from Oraichain to other networks like Ethereum or Binance Smart Chain and vice versa.
These great features will eliminate the boundaries between blockchains and unlock great potential for developers and crypto fanatics all over the world. OraiDEX will come with ORAIX as its governance token and a meta-staking to incentivize ORAI and ORAIX holders who help secure the network and provide liquidity. OraiDEX is currently running on Oraichain Mainnet, with ORAIX being a CW20-compatible token and will be listed fairly on OraiDEX with great utilities and a burning mechanism. To read more about ORAIX and OraiDEX, read https://blog.orai.io/oraidex-coming-with-meta-staking-and-its-governance-token-oraix-7c6dd0e7379f
ORAIX Tokenomics:
- Total supply: 1,000,000,000 ORAIX
- Staking rewards: 30% (including fairdrop + initial listing)
- Liquidity mining incentives: 50%
- Developer pool: 15%
- Community pool: 5%
- Proposed listing price: $0.025 (To be voted by the Oraichain Community)
- Initial circulating supply: 20,000,000 ORAIX
- Initial market cap: $500K
- Diluted market cap: $25M
- Staking rewards, liquidity mining incentives, and developer pool will be vested in 5+ years.
About aiRight
aiRight is the world’s first complete system for AI x NFT x DeFi. Users can generate AI NFTs, protect origin with copyright issuance, trade and tokenize unique artworks, taking advantage of our complete royalty mechanism for contributors on-chain.
Oraichain is proud to be the ecosystem provider of aiRight: securing AI functionalities via AI Oracle, accessing Marketplace, organizing Galleries for DeFi, and cross-chain bridging for NFTs.
