Airdrop Details

Information Details
Airdrop Type Retroactive
Total Airdrop Amount ~6.2 million esPIKA (6.2% of total supply)
Number of Eligible Users Not Known
Number of Claimants Not Known

Timeline

Event Date
Blockchain Snapshot (Pika v1) January 26, 2022
Blockchain Snapshot (Pika v2) July 17, 2022
Blockchain Snapshot (Pika v3) April 1, 2023
Claiming Starts Next week (relative to June 19, 2023)
Claiming Ends Not Known

Token Distribution

Score Level esPIKA Token Amount Number of Addresses
1 150 15,310
2 300 2,771
3 700 848
4 1,500 150
5 2,000 46
6 2,500 19

Eligibility Criteria

Score Calculation for Airdrop Eligibility

The score of each address is determined by the sum of:

  1. Trading Score - Based on the trading fees paid across all versions of Pika Protocol:
Trading Score Paid Trading Fee (USDC) Number of Addresses
1 ≥5 8,551
2 ≥50 935
3 ≥500 262
  1. LP Score - Determined by weighted shares staked in the USDC vault:
LP Score Weighted Shares Number of Addresses
1 ≥100 10,524
2 ≥1,000 1,345
3 ≥10,000 488

Weighted Shares Calculation for LP Score

The LP score is calculated based on weighted shares in the USDC vault:

  • Formula: 
    weighted shares = (staked shares amount * average staked time) / 30 days
  • In Pika v1, staked shares are multiplied by 3 because one v1 share equals an average of 2.5 USDC.
  • In Pika v2 & v3, one share is equivalent to approximately 1 USDC.

Example calculation: If a user staked 1 share in Pika v1 for 15 days, 1 share in Pika v2 for 60 days, and 1 share in Pika v3 for 90 days, their total weighted shares would be:

(1 * 3 * 15 / 30) + (1 * 60 / 30) + (1 * 90 / 30) = 6.5

Additional Airdrop Considerations

  • LPs in Pika v2 with losses:

    • Users with losses over 20 USDC qualify for 3.25 esPIKA per $1 lost.
    • A total of ~1.71 million esPIKA is allocated for these users.

  • Community Contributors:

    • 0.3–0.4 million esPIKA is allocated for contributors.
    • Pika Protocol will reach out directly to confirm eligibility.

  • Meme Contest and Education Contest Winners:

    • If you won a Pika meme contest or education contest 2 years ago, you must contact Pika on Twitter before the end of June to claim rewards.

Additional Information

  • esPIKA tokens will vest for one year before converting into PIKA tokens.
  • Snapshots for eligibility were taken on January 26, 2022 (Pika v1), July 17, 2022 (Pika v2), and April 1, 2023 (Pika v3).
  • Airdrop claimability starts next week from the announcement date (June 19, 2023).