The SSK Airdrop Plan

As specified in the SunStake white paper, a total of 500,000 SSK tokens will be distributed through airdrops.

A New Approach

Most airdrops you might have heard of would typically just send tokens straight into your wallet, with no action needed on your side. The SunStake team believes that these traditional airdrops aren’t very effective for growing communities, as most people would probably either ignore the airdropped tokens, or simply dump them for some profit.

Thus, the team is experimenting with a new approach, where token holders are required to proactively participate in order to get SSK tokens, of course, through smart contracts.

More Details

Starting October 10th, 2020, there will be a total of 12 monthly airdrops on the tenth day of each month, each with 41,666 SSK tokens.

The exact airdrop timestamps are 00:00 UTC of those dates. For example, the first airdrop timestamp is 2020-10-10 00:00:00 (GMT).

The team will set up a smart contract for each airdrop. To get the airdrop SSK tokens, one needs to have SUN tokens staked in the corresponding contract at the exact timestamp. It doesn’t matter if you put SUN tokens into the contract 10 minutes or 10 days before airdrop time. As long as you have SUN tokens staked at that timestamp, you’re good.

After the airdrop time, you can withdraw your SUN tokens, along with airdropped SSK tokens calculated as:

SSK tokens obtained = SUN tokens staked / SUN token total supply

There will always be some SSK tokens left, unless all circulating SUN tokens are staked. These leftover SSK tokens will be burnt immediately after airdrop time.

Of course, there will be a user-friendly web interface for interacting with those airdrop contracts. The team will make sure everything goes smoothly.

Airdrop with Referral

But the very intent of airdrops is to attract new users, and it seems that this new approach won’t do that, isn’t it?

Well, kind of, except the team realizes this potential issue and is adding referral rewards to the airdrops, which should serve as financial incentives for existing SunStake community members to get more people in.

We don’t have much details on this just yet, but will announce more info as we approach the first airdrop in October.

Conclusion

The SunStake team is experimenting with a new airdrop approach that will hopefully grow the SunStake community further. The team might make changes to future airdrops depending on the outcome.