Airdrops
Last updated
Last updated
With the community at the centre of the $RUST token economy, one of the key aspects of the distribution are the NFT holder airdrops. 17% of the total supply is dedicated to these rewards that will be released over an 20 month period, starting with the initial airdrop around the time of the official token launch on ShimmerSea DEX.
The launch drop occurred through two phases including a special OG drop for those OG NFT holders that participated in the $RUST farming event in 2022 and an NFT holder wide airdrop with each NFT receiving a portion of the distribution.
The OG airdrop distributed the amount of $RUST linked to each NFT that farmed in the Discord farming event in 2022 and was a one off drop and sent to the wallet address that currently held those individual NFTs.
The OG airdrop was approx. 4.6 Mil $RUST and the NFT wide airdrop approx. 15.4 Mil $RUST. With the total distribution of the airdrop being 1% of the total $RUST supply, or 20,000,000 $RUST tokens.
With the launch of the token on ShimmerSea the airdrop to all NFT holders went live.
Following the initial launch there was a 3 month cooldown period that gave the token time to stabilise. Staking, farming, and other defi features were implemented in this time to bring further value to the token and economy.
After this lock-up the remaining supply of airdrop tokens has been split over 18 monthly airdrops. With the first occurring on the 28th February 2024. These airdrops are carried out via smart contract claim through the official RRCC Hedgey Finance portal. A snapshot is taken on the 28th day of every month, followed by a 12 month claim period for each monthly airdrop, with OG NFTs receiving 2x drop. For full info check out the section of these docs
The total direct airdrop distribution to NFT holders will be 17% of the total supply of $RUST token, or 340,000,000 $RUST, distributed over a total of 19 drops and the course of 20 months.
NFT holders do not need to do anything other than hold their RRCC NFTs in their wallet or a verified staking pool. NFTs held on exchanges, marketplaces, or other dApps will not be included in any airdrop snapshot. Be sure to transfer any listed NFTs back to your wallet prior to any snapshot being taken.
The vesting and community distribution of $RUST token allows the community to take full control and gain full ownership of the token. NFT holders and $RUST token holders will be the largest group of owners of the $RUST token within the economy and will also reap the greatest benefits and rewards over time.
