Introduction
It’s important for our community members to understand our plans following the Liquid Loan event (previously called Liquid Crowdloan), including when they will receive their tokens and where they can utilize them. In this article, we will address all these questions and provide clarity on next steps.
Post-Liquid Loan plan
Liquid Loan Launch:
- The Liquid Loan will be launched next week on Monday December 2 and will run for three weeks until December 20.
ALGM Token Distribution:
- Immediately after the Liquid Loan ends, users will start receiving their ALGM tokens from the main allocation of the Liquid Loan. Within several weeks, the bonus allocation (referrals, whitelist participants) will be calculated and added to the vesting contract. The main allocation can be claimed on the Liquid Loan page, while the bonus allocation can be claimed on the vesting page. A link to this page will be provided to the community.
Attention:
- ALGM tokens received through the Liquid Loan will remain non-transferable until the token listing.
- ALGM tokens from the main allocation will be distributed on Astar EVM, while bonus allocations will be added to a vesting contract on Soneium.
The Bootstrap Phase of Liquid Farming and Liquid Staking V2:
- Concurrently with the completion of the bonus reward calculations and the start of their vesting (i.e., one to two weeks after the Liquid Loan ends), the bootstrap phase of Liquid Farming and Liquid Staking V2 will be launched. During this phase, users will be able to accumulate points for participating in Liquid Farming and Liquid Staking V2, which can later be exchanged for ALGM tokens. This phase will last for four to five weeks.
Reward Distribution and Staking Launch:
- After the bootstrapping phase of Liquid Farming and Liquid Staking V2 ends, we will need one or two weeks to finalize the results of this campaign and distribute the rewards to eligible participants through the vesting contract. Simultaneously, allocations for early Algem users, contest participants, and other events will be distributed.
- At the same time as this reward distribution, we will launch ALGM staking, allowing users to start earning rewards on their ALGM tokens.
Conclusion
As you can see, we have a packed schedule of launches ahead, so make sure you are subscribed to our announcements to stay updated!
Join the Whitelist Now!
This is your last chance to join the whitelist and secure exclusive benefits. The whitelist application form will close this Friday, so be sure to submit your application now.
Apply for the whitelist → forms.gle/m1K9LK2LwCMCFstb8
Stay tuned for more updates and secure your spot on the whitelist today to take full advantage of these exciting opportunities!
About Algem
Algem is a decentralized application built on the Astar Network and offers two main features: liquid staking and liquid farming. As their names suggest, these two options let ASTR holders keep their assets liquid while putting them to work. Also, the liquid staking and farming solutions let users use Algem’s liquid nASTR tokens across Astar’s Defi ecosystem to earn staking rewards and make more money. In doing so, Algem supports other Defi protocols by providing liquidity and creating a sustainable and cooperative ecosystem on the Astar Network and Polkadot.
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