Article published on Medium on 25th October 2021.
Backed by the most experienced crypto-security experts, SOY Finance is a DeFi platform for easy and safe trading. Newbies and casuals alike will appreciate the intuitive technologies such as the “1-Click Swap”, while traders will value the high-level security features with a dedicated token standard and a safelist for audited and insured tokens.
Airdrop Eligibility Rules
The second phase of the SOY Token Airdrop is specifically for Sushiswap users. Therefore, to take part in this phase it is necessary to be a Sushiswap active user between 1/11/21 and 15/11/21.
As active users are considered those who perform at least one of the following actions:
- Trade/swap any asset on Sushiswap using Ethereum or Binance Smart Chain networks.
- Add/remove any asset’s liquidity on Sushiswap, using Ethereum or Binance Smart Chain networks.
The list with the eligible users will be updated daily at 00:00 UTC.
Once connected, the system automatically checks your eligibility for the airdrop, and if you meet the requirements, your tokens will be displayed in your balance.
- As the user activity status is updated every day at 00:00 UTC, we recommend claiming the tokens after 24 hours of your activity on Sushiswap.
- A user is allowed to claim once per airdrop phase.
SOY tokens are locked for 180 days from the claiming date. At the end of the lock-in period, the tokens will be automatically sent to the wallet that was used to claim them.
The Airdrop pool for the first phase is 500 000 SOY tokens.
Each day, 1/15 of the total pool (33 333 SOY tokens) is divided among the eligible participants, each participant receiving an equal share.
By airdropping 10% of the initial supply in seven phases, 12 million tokens in total, Soy token’s monetary policy aims to distribute the SOY tokens in a fair manner and increase the platform’s decentralization to the highest extent.
The details of the next Airdrop phase will be announced on 10/11/21.