| Information | Details |
|---|
| Project Name | Pontem Network |
| Project Website | https://pontem.network |
| Project Description | Pontem Network is an Aptos Blockchain Product Studio building Move-native financial infrastructure for billions of users. |
| Project Ticker | LSD |
Airdrop Details
| Information | Details |
|---|
| Airdrop Type | retroactive |
| Total Airdrop Amount | 5% of total token supply |
| Number of Eligible Users | 57,000 wallets considered for airdrop (after filtering) |
| Number of Claimants | Not Known |
Timeline
| Event | Date |
|---|
| Blockchain Snapshot | April 7, 2024 (Early adopters) |
| | July 10, 2024 (Late users, NFT/meme holders) |
| Claiming Started | July 30, 2024, 8:00 UTC |
| Claiming Ends | Not Known |
Token Distribution
| Distribution | Amount |
|---|
| Maximum | 8,400 LSD tokens per user |
| Median/Average | Not Known |
| Minimum | Not Known |
Eligibility Criteria
The airdrop was allocated based on different user categories:
- Early Adopters (49%): Users who traded or added liquidity on Liquidswap before April 7, 2024.
- Late Users (24%): Users who traded or added liquidity on Liquidswap between April 7 and July 10, 2024.
- Community Members (27%): Holders of community NFTs, meme tokens, product testers, and ambassadors as of July 10, 2024.
Bonus Multipliers:
A bonus multiplier was applied to trading volume and liquidity to reward key community members:
- 10%: NFT and meme token holders.
- 20%: Verified X (formerly Twitter) followers of @Pontem and LumioFDN.
- 10%: Lumio whitelisted addresses.
Example: If a user traded $100 and had a total bonus multiplier of 30% (10% + 20%), their trading volume for the airdrop was counted as $130.
Wallet Maximums & Redistribution
- Max Allocation: 8,400 LSD per wallet.
- Excess Redistribution: Tokens over this cap (30%) were redistributed to smaller users.
- Average User ROI: 3x compared to whales.
Airdrop Methodology & Cost-Based Proportions
The airdrop was calculated based on proportion of cost for each category:
| Category | LSD = $2.38 | LSD = $1.19 | LSD = $0.71 |
|---|
| Trading Volume (April) | 53% | 26.5% | 16% |
| Trading Volume (July) | 49% | 24.5% | 14.7% |
| Time-Weighted Liquidity Added (April) | 53% | 26.5% | 16% |
| Time-Weighted Liquidity Added (July) | 49% | 24.5% | 14.7% |
| Pontem NFTs | 90% | 45% | 27% |
| Doodoo Meme Coin | 20% | 10% | 6% |
| ReTURD Meme Coin | 100% (Full refund) | 50% | 30% |
| Product Testers | 100% | 50% | 30% |
| Ambassadors | 100% | 50% | 30% |
Bot Mitigation & Sybil Filtering
- A minimum threshold of 5 swaps, $250 traded volume, OR $100 liquidity added for 1 year was required to remove bot addresses.
- Addresses receiving less than 1 LSD were excluded.
- Certain company/partner-associated addresses were removed.
Referrals
- 10% referral bonus applied to the trading volume and added liquidity of referred users.
- Ongoing referrals will be factored into future airdrops.
Important Links
- Vesting Schedule: 69% of the airdrop is liquid at the Token Generation Event (TGE), with the remaining 31% vested linearly over four months (released monthly).
- Staking & Future Airdrops: 10% of the total token supply is reserved for staking rewards and future airdrops.
- Token Utility: LSD is the governance token for the Liquidswap protocol, allowing community ownership and participation in protocol decisions.
- Middle-Class User Focus: Redistribution favors middle-tier users over whales and bots.
- Future Airdrops: Further airdrops will use similar methodology, with referrals and trading activity boosting eligibility.
