Airdrop Details
| Information |
Details |
| Airdrop Type |
THALES (Governance Token) |
| Total Airdrop Amount |
2,000,000 THALES (2% of total supply) |
| Number of Eligible Users |
~15,000 addresses |
| Number of Claimants |
Not Known |
Timeline
| Event |
Date |
| Blockchain Snapshot |
Before September 6, 2021 (exact date not specified) |
| Claiming Started |
16 Sept 2021 |
| Claiming Ends |
Not Known |
Token Distribution
| Distribution |
Amount |
| Maximum |
Not Known |
| Median/Average |
Not Known |
| Minimum |
Not Known |
Eligibility Criteria
The airdrop was allocated to SNX stakers, with 2% of the total THALES supply (2,000,000 tokens) distributed to the following groups:
- Users who staked SNX for at least one snapshot and claimed rewards at least once.
- Includes:
- L1 SNX stakers
- L2 SNX stakers
- xSNX stakers
- Yearn vault SNX stakers
- Addresses that made a trade or minted in any market on Thales before the snapshot.
- Holders of any Thales POAP before the airdrop date.
- The airdrop was not additive, meaning that if an address qualified in multiple categories, it only received one allocation.
The airdrop used a Merkle Tree-based contract (GitHub link) and was claimable via the Thales dApp.
Important Links
- The THALES token is the governance token of Thales DAO, used for voting on protocol decisions.
- Total Supply: 100,000,000 THALES.
- Original Tokenomics Plan (2021):
- 35% allocated to SNX stakers (including the airdrop, retroactive distribution, and ongoing rewards).
- 30% for Growth Fund (including strategic partners, DAO treasury, and liquidity rewards).
- 20% for Thales Core Contributors.
- 15% for THALES stakers (governance and staking rewards).
- Governance Updates (TIP-37 and TIP-50) Adjusted Allocations:
- Airdrop and SNX staking allocations were modified, with unclaimed tokens returned to the ThalesDAO Treasury.
- A buyback and burn program was initiated in May 2022 to manage THALES supply.
