Airdrop Details

Information Details
Airdrop Type Retroactive / Holder
Total Airdrop Amount 50,000,000 COW tokens
Number of Eligible Users 55,132
Number of Claimants Not Known

Timeline

Event Date
Blockchain Snapshot January 10, 2022
Claiming Started April 2, 2022
Claiming Ends March 28, 2022

Token Distribution

Distribution Amount
Maximum 50,000,000 COW
Median/Average 99.81 / 2,720.79 COW
Minimum 3.16 COW

Eligibility Criteria

GNO Holders Airdrop 🦉

  • Users needed a minimum balance of at least 0.1 GNO.
  • Eligibility extended to GNO holders on Ethereum Mainnet and Gnosis Chain.
  • GBC validators were also eligible.
  • LP token holders on the following platforms were included:
    • Balancer V2 (Mainnet)
    • Uniswap V3 (Mainnet)
    • HoneySwap (Gnosis Chain)
    • Symmetric (Gnosis Chain)
    • SushiSwap (Gnosis Chain)
    • Elk (Gnosis Chain)
    • Swapr (Gnosis Chain)

CoW Swap User Airdrop 🐮

Three categories of users were eligible:

1. CoW POAPs Holders

  • Users awarded a POAP were eligible for vCOW.
  • Special POAPs for CowStars and User Test Participants had higher value.

2. Power Traders

Users qualified if they met all the following conditions:

  • Minimum 3 trades.
  • At least 14 days between the first and last trade.
  • Minimum $1,000 total trading volume.
  • Activity across both Ethereum Mainnet and Gnosis Chain counted.

3. General Traders

Users qualified if they met either of the following conditions:

  • Traded at least once with a total volume of $1,000.
  • Completed at least 5 trades.
  • Trades across both Ethereum Mainnet and Gnosis Chain were combined.

To prevent wash trading, stable-to-stablecoin trades were discounted by 90% in Power Trader and Trader categories.

Investment Options

Certain users also had the option to purchase additional vCOW tokens:

  • Power Traders (as per the eligibility criteria above).
  • GNO Holders, proportional to their GNO holdings at the snapshot.

Users could invest in vCOW using:

  • ETH (Ethereum Mainnet)
  • xDAI (Gnosis Chain)
  • GNO (via GNO Holder Options)

Investment vesting schedule:

  • Any purchased vCOW tokens were subject to a 4-year linear vesting period.

Additional Airdrop Details

  • vCOW was initially non-transferable to ensure governance participation.
  • Users had to exchange vCOW for COW, the tradable token.
  • If eligible for ≤ 10,000 vCOW, users could claim on Gnosis Chain and received 0.1 xDAI for gas.
  • If eligible for > 10,000 vCOW, users could claim on Ethereum Mainnet.

Additional Information

  • Contract Addresses:
    • Ethereum: 0xd057b63f5e69cf1b929b356b579cba08d7688048
    • Gnosis Chain: 0xc20C9C13E853fc64d054b73fF21d3636B2d97eaB
  • The total initial token supply was 1 billion COW, distributed among:
    • The CoW Team
    • CowDAO Treasury
    • GnosisDAO
    • CoWmunity Investment Options
    • CoWmunity Airdrop
    • CoW Advisors
    • CoW Team Investment Partners
  • 4-year vesting schedule applied to investors, GnosisDAO, and the core team.