If you were a Synthetix or Kwenta user, you have 4 days left to claim kwenta "airdrop" 🚨
Instead of directly airdropping, @kwenta_io is allowing early users to buy $KWENTA at a huge discount
Public sale: ❌ ~$300 price
Early users: ✅ ~$30 price
Details here:
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What is Kwenta?
They enable trading synths (long/short perps) with up to 25x leverage.
In January this year, they confirmed the $KWENTA token.
I wrote about it here 👇
twitter.com/OlimpioCrypto/status/1485766442788208643
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Eligibility criteria: who can participate on this discounted sale?
• 5% will go to eligible users who traded in Kwenta between Jan 1st 2020 - Feb 1st 2022
• 30% of KWENTA will go to $SNX stakers (active between Sept 1st 2021 - Feb 1st 2022)
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How does this "airdrop" work?
It's not an airdrop really, just a (very) discounted token sale.
$KWENTA 1st public sale ended on Feb 2022 at a valuation of 100M.
• Raised 5M USD
• Sold 15668.65 vKWENTA
• Price: 319.10 USD/token
Ended token sale: app.aelin.xyz/pool/optimism/0x20369baa917bd1867bdafc24d72458ac777c9a2c
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Now, eligible users can buy the token at 31.91 sUSD per veKWENTA.
That's 1/10 of the price paid by previous raise: 319.10 sUSD per veKWENTA.
You can check your eligibility here:
🔗 kwenta.eth.limo/dashboard
(right corner)
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If you are eligible, you can buy $KWENTA with a discount in the Aelin pool:
🔗 app.aelin.xyz/pool/mainnet/0x21f4F88a95f656ef4ee1ea107569b3b38cf8daef
🚨 Only 4 days left to participate 🚨
Only one purchase allowed, so be mindful, you cannot buy again later
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Tokenomics
• Total supply: 1M in 4 years (most of them are locked)
• Initial supply: 313 373
$KWENTA distribution:
• 25% - Community Growth Fund
• 5% - Early Synth Traders
• 15% - Core Contributors
• 30% - $SNX Stakers
• 5% - Investment
• 20% - Treasury
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Other helpful links:
• Sale details: docs.kwenta.io/dao/sovereignty/synthetix-staker-and-synth-trader-aelin-pool/pool-details
• Tokenomics: docs.kwenta.io/dao/kwenta-tokenomics
• $KWENTA launch distribution: kips.kwenta.io/kips/kip-13/
We are in a bear market so we cannot know what happens to the price once it becomes tradable.
People thought $HFT from Hasflow would go to $10, and now it's trading at $0.70.
Regardless, we can see there is people willing to pay $300 for this token, so discount seems reasonable
