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Copy file name to clipboardExpand all lines: docs/kintsugi/crowdloans.md
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@@ -6,25 +6,21 @@ To participate in the crowdloan, you need to lock your KSM and vote for Kintsugi
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Below is a summary of the Kintsugi crowdloan details, as described in the [token economy whitepaper released by Kintsugi Labs](https://raw.githubusercontent.com/interlay/whitepapers/master/Kintsugi_Token_Economy.pdf).
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###Hard Facts
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## Hard Facts
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***Target slot: 6 - 10**
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***Lease duration: 8 periods (maximum lease duration ~48 weeks)**
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***Max. lockup target: 200 000 KSM**
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### Crowdloan Airdrop: 12%
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### Crowdloan Airdrop: 10% (1 million KINT) of the initial 4-year supply
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***Main: 10% (1 million KINT)** of the initial 4-year KINT supply, with the following vesting schedule:
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The main crowdloan airdrop will comprise 10% (1 million KINT) of the initial 4-year KINT supply, with the following vesting schedule:
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***30% transferrable** at launch
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* Remaining **70% linearly vested** over 48-week parachain lease period.
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***Extra: 2%** in-protocol airdrops for crowdloan participants who run Vaults and mint kBTC, **not subject to vesting**.
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The **main 10%** airdrop will feature the following **special allocations**, to create a proactive crowdloan process:
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Thereby, this airdrop will feature the following **special allocations**, to create a proactive crowdloan process:
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***Early**: 5% for first 3 days of crowdloan
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***Referral**: 5% for the referrer and referred
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Any KINT not used for the Core, Early, Referral and Success Airdrop will be distributed proportionally among all participants, further increasing the ratio of KINT per locked KSM.
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### Participating in the Crowdloan
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### Power User Bonus: 2% (200 000 KINT) of the initial 4-year KINT supply
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To incentivize kBTC adoption, 200 000 KINT will be airdropped to crowdloan participants who then also run Vaults and mint kBTC on Kusama, once Kintsugi is live. These airdrops will happen over the course of the first parachain lease period. In addition, protocol governance may approve special kBTC LP programs for crowdloan participants.
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## Participating in the Crowdloan
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The crowdloan is a fully permissionless event - you make your own judgement on if and how you would like to participate.
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