ORAIX Fairdrop Program — Section 2
In this article, we shed light on how to complete, unlock & claim ORAIX from Section 2. Also, you can find a brief summary (FAQs) at the bottom of this.
Following the Section 1, Oraichain is pleased to announce that the Section 2 of ORAIX Fairdrop Program has started and is expected to be completed by August 18, 2022–10:00 UTC. The remaining 60% ORAIX amount will be unlocked gradually based on three tasks & unlock stages.
Deadline for claiming ORAIX (both Section 1 & Section 2): August 21, 2022 at 10:46:40 UTC
Please read on for full details of How to complete & claim ORAIX from Section 2. Also, you can find a brief summary (FAQs) at the bottom of this post.
How to complete Section 2?
Whitelisted addresses of ORAIX Fairdrop Program can start completing tasks now, with the deadline for each task being demonstrated below:
→ No minimum worth of transactions are required.
Note: To delegate Native ORAI on Oraichain network:
On desktop: Delegate to validator via https://scan.orai.io/validators
How will ORAIX be distributed?
For each task, we will scan the transaction history of whitelisted addresses & will unlock the corresponding amount of ORAIX with the schedule below.
Note: This is not the all-time transaction history of the address. We take the block height 6922942 (2022–06–22, 14:30:00 UTC — at the arrival of ORAIX Fairdrop Program) as the starting point for every scan.
On unlock dates, Oraichain will keep the community informed about the unlock session & whitelisted addresses can claim corresponding amounts of ORAIX under “Claimable’’.
ORAIX Fairdrop Program — FAQs
Q1. How can I claim the total remaining 60% of ORAIX Fairdrop Program from Section 2 at once?
Answer: To safeguard the ORAIX tokens from potential inflation, Section 2’s ORAIX will be unlocked weekly (instead of immediately) and with a specific unlock dates for each type of task (please check Table 2. in the article for full details).
Q2. What if I have completed all required tasks?
- If you have completed them all AFTER block height 6922942 (2022–06–22, 14:30:00 UTC), you will have to wait until the earliest unlock date & scan date for each type of task to have your ORAIX unlocked.
- If you completed BEFORE block height 6922942, you need to complete the tasks again.
Q3. What if I completed tasks but have not claimed ORAIX?
Answer: If you have completed tasks and your ORAIX gets unlocked already, you can claim the accumulated amount of ORAIX at any time until the deadline for claiming ORAIX (August 21, 2022).
Q4. What are the deadlines for ORAIX Fairdrop Program?
Answer: Please make sure that you will not miss the following deadlines:
a) Deadline for completing tasks:
- Swap on OraiDEX: July 14, 2022
- Provide liquidity on OraiDEX: July 28, 2022
- Delegate on Oraichain network: August 18, 2022
→ If you miss the deadline of a task, similar transactions of that task will therefore NOT be counted anymore after the deadline.
Example: Swap transactions on July 15, 2022 will not counted as eligible to unlock 20% from Section 2 — Swap.
b) Deadline for claiming ORAIX: August 25, 2022
→ After the claim deadline, whitelisted addresses will not be able to claim ORAIX. The unclaimed ORAIX will be burnt.