Dear Shibes, here are the rules for the $DC token airdrop that will be distributed to $wDOGE holders right after the token generation event.

The Airdrop will be consisting of two parts:

1. Early Shibes Airdrop — 3% total supply — 30 billion $DC

To support our earliest supporters in the fairest manner, the snapshot includes everyone that bridged DOGE onto Dogechain since the mainnet launched on 08.01.2022. The snapshot was completed on 08.23.2022 and will take into account all users’ wDOGE that haven’t been withdrawn from the ecosystem.

Your eligible wDOGE = wDOGE deposit — wDOGE withdrawal

This means that if you traded your wDOGE for another token, you remain eligible so long as you haven’t bridged it out of the ecosystem.

3% of the total supply of $DC will be directly airdropped to Dogechain users that had wDOGE in their wallets during this period. 15% of these tokens will be released immediately.

The remaining 85% will be unlocked monthly over the course of the next 12 months. Every month, your next set of $DC tokens will be made available. Be sure to claim your $DC tokens each month, otherwise, that month’s set of tokens is cleared!

This means the 30 billion $DC will be directly airdropped to users, proportionally to their wDOGE holdings, minus the DOGE that have exited the ecosystem.

Note that users will have 5 days to claim the $DC tokens using our official web bridge app.

For example:

Amy has 100 wDOGE in her wallet on the snapshot, and the total wDOGE amount held by all community wallets is 1 million

Amy’s Early Shibes airdrop = 100 / 1,000,000 * 3% * 1,000,000,000,000

Important Note: You can claim the airdrop for 5 days following the token generation event.

2. Loyal Shibes Airdrop — 9% total supply — 90 billion $DC

To support our ongoing supporters, this airdrop mechanism will distribute 9% of the total $DC token supply over the course of 48 months.

The protocol will take intermittent snapshots of users’ wallets every month (5–15 times) and make an average of their wDOGE holdings for this month. Then, it will distribute 0.1875% of the total supply of $DC on the 1st day of each month, in proportion to their average wDOGE balance. 15% of this amount will be released immediately, while the rest will be released over the course of the next 12 months, through linear vesting.

You can consider this ongoing airdrop as hyper liquid staking, where you can move your wDOGE within the ecosystem as you wish, without being penalized for it.

For example:

Amy has a daily average of 100 wDOGE balance and LPs combined for September, and the daily average wDOGE balance + LPs held by the whole community for that month is 1 million.

Amy’s Loyal Shibe airdrop for September = 100 / 1,000,000 * 0.1875% * 1,000,000,000,000

In case you missed the Loyal Shibe airdrop this loyalty hyper liquid staking model will provide you with another chance of getting $DC tokens for participating in the ecosystem.

Wrap-up

As you can imagine, the goal of this double airdrop model is to reward both early adopters and loyal supporters alike.

Early shibes will get immediate satisfaction, while long-term holders will see their $DC portfolio grow over several years. In both cases, users are rewarded accordingly for their participation in the network.

Dogechain is bringing DeFi & long awaited utility to Dogecoin. Join the family!

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