Airdrop Details

Information Details
Airdrop Type tester / retroactive
Total Airdrop Amount Not Known
Number of Eligible Users Not Known
Number of Claimants Not Known

Timeline

Event Date
Blockchain Snapshot December 6, 2021 (Discord Legends), December 7, 2021 (Early App Testers)
Claiming Started December 9, 2022
Claiming Ends Not Known

Token Distribution

Distribution Amount
Maximum 350,000+ GEAR (for users eligible for multiple categories)
Median/Average Not Known
Minimum 20,000 GEAR (minimum allocation for eligible testers)

Eligibility Criteria

The airdrop was distributed to various categories of community members:

  • Credit Account Mining: 5% of the total supply. 5,000 addresses received 100,000 GEAR each.
  • Early App Testers:
    • 2–10 actions → 20,000 GEAR
    • 11–21 actions → 30,000 GEAR
    • 22+ actions → 100,000 GEAR
    • Snapshot block: Kovan block 28668076 (December 7, 2021)
  • Early Discord Legends:
    • Top 100 users → 250,000 GEAR
    • Ranks 101–251 → 100,000 GEAR
    • Ranks 252–502 → 30,000 GEAR
    • Snapshot date: Evening of December 6, 2021

Additional criteria:

  • Community members (Discord, testers, early app users) received the largest allocations and had no vesting.
  • Team, investors, and core contributors have long vesting periods (minimum 1 year).
  • Governance voting weights for early contributors were significantly reduced to prevent whale dominance.

Additional Information

  • GEAR Token Supply: 10 billion (capped, cannot be changed).
  • GEAR started as a non-transferable governance token (can only be changed by DAO governance).
  • Governance Model:
    • Delegation available for efficient community decision-making.
    • 3-day minimum voting period.
    • Minimum 0.02% of total supply required to submit a proposal.
    • Quorum requirement: 2% of total supply.
    • Company wallet & DAO wallet cannot vote.
  • Reverse Voting Escrow Model:
    • Core contributors have reduced voting power (x0.125 - x0.25 multipliers) to prevent governance centralization.
    • Community members hold higher voting power (x1 multiplier).
  • Transparency: