Airdrop Details
| Information |
Details |
| Airdrop Type |
Retroactive |
| Total Airdrop Amount |
10.03% of total supply (1,750,000,000 TIME), equating to 175,525,000 TIME tokens |
| Number of Eligible Users |
Not Known |
| Number of Claimants |
Not Known |
Timeline
| Event |
Date |
| Blockchain Snapshot |
January 15, 2025 |
| Claiming Started |
January 21, 2025 |
| Claiming Ends |
Not Known |
Token Distribution
| Distribution |
Amount |
| Maximum |
Not Known |
| Median/Average |
Not Known |
| Minimum |
Not Known |
Eligibility for the Timeswap airdrop was based on the following requirements:
Premine (3.26% of total supply)
- Incentivized lenders, borrowers, and liquidity providers (LPs) from October 2023 to January 2025. Final snapshot taken on January 12, 2024.
- Rewards are non-transferrable TIME tokens, convertible 1:1 into liquid TIME at Token Generation Event (TGE).
- Distribution follows a linear decay model, favoring early contributors.
Retroactive Airdrop (5.26% of total supply)
- Rewards for Timeswap V1 & V2 users based on holding duration, transaction volume, unique pools interacted with, and total transactions.
- V1 Users: Minimum $300 in total volume.
- V2 Users: Minimum $100 in total volume.
- Distribution utilizes a tiered system with a linear decay model, rewarding long-term, high-value contributors.
- Rewards participants of past initiatives, including Timeswap NFT holders, Galxe, Zealy, QuestN campaigns, partners, ambassadors, and gamified testnet users.
Hyperliquid Drop (0.56% of total supply)
- Recognizes contributions from the Hyperliquid ecosystem:
- 0.50% for users staking HYPE with HypurrCo X Nansen Validator (snapshot taken on January 15, 2025).
- 0.06% for contributors supporting Timeswap deployment, such as developers @Shuri2060 and @Syavel, each allocated 500,000 TIME tokens.
Important Links
- Community Round: 10% of the total TIME supply is reserved for a discounted community round via Fjord Foundry, exclusively for existing users, partner communities, and Hyperliquid communities.
- Team Allocation: 20% of the total TIME supply is allocated to the core team and contributors, with a 12-month cliff and 36-month vesting period.
- Investor Allocation: 15% of the total TIME supply is allocated to strategic investors, with a 6-month cliff and 24-month vesting period.
- Treasury Allocation: 15% of the total TIME supply is reserved for future use, including ecosystem development, liquidity provisioning, marketing, audits, operational costs, and ensuring the protocol’s financial stability.
- Future Emissions: 30% of the total TIME supply is allocated towards future emissions, including liquidity mining, ecosystem growth, and grants, with a maximum of 10% unlocked each year, subject to change via governance.
- Token Generation Event (TGE): The initial circulating supply at TGE will include the 20% allocated for retroactive rewards and the community round.
- Development of Timeswap V3: Research into Timeswap V3’s design began in early 2023, with the mechanism design now complete. Development is expected to commence soon, with more information to be shared in upcoming blog posts.
- Ecosystem Airdrop: 0.5% of the TIME supply has been allocated to HypurrCo x Nansen stakers, with the snapshot taken on January 15, 2025. Distribution will occur post-TGE. Additionally, 500,000 TIME tokens each have been allocated to developers @Shuri2060 and @Syavel for their contributions to launching TIME on Hyperliquid and fostering a culture of collaboration and public goods.
For the most accurate and up-to-date information, please refer to the official Timeswap website and their Medium blog.
