Skip to content

Commit b616610

Browse files
feat: updated crowdloan page with vesting info (#106)
1 parent 3d7611b commit b616610

1 file changed

Lines changed: 15 additions & 8 deletions

File tree

docs/kintsugi/crowdloans.md

Lines changed: 15 additions & 8 deletions
Original file line numberDiff line numberDiff line change
@@ -5,18 +5,26 @@ To participate in the crowdloan, you need to lock your KSM and vote for Kintsugi
55

66
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).
77

8-
## Hard Facts
8+
9+
### Hard Facts
910

1011
* **Target slot: 6 - 10**
1112
* **Lease duration: 8 periods (maximum lease duration ~48 weeks)**
1213
* **Max. lockup target: 200 000 KSM**
1314

14-
### Crowdloan Airdrop: 12%
15+
### Crowdloan Airdrop: 12%
16+
17+
* **Main: 10% (1 million KINT)** of the initial 4-year KINT supply, with the following vesting schedule:
18+
19+
* **30% transferrable** at launch
20+
* Remaining **70% linearly vested** over 48-week parachain lease period.
21+
22+
* **Extra: 2%** in-protocol airdrops for crowdloan participants who run Vaults and mint kBTC, **not subject to vesting**.
23+
24+
25+
The **main 10%** airdrop will feature the following **special allocations**, to create a proactive crowdloan process:
1526

16-
* **Crowdloan: 10% (1 million KINT)** of the initial 4-year KINT supply
17-
* **Extra 2%** in-protocol airdrops for crowdloan participants who run Vaults and mint kBTC.
1827

19-
To create a proactive crowdloan process, Kintsugi features the following **special airdrops:**
2028

2129
* **Early**: 5% for first 3 days of crowdloan
2230
* **Referral**: 5% for the referrer and referred
@@ -26,7 +34,7 @@ To create a proactive crowdloan process, Kintsugi features the following **speci
2634

2735
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.
2836

29-
## Participating in the Crowdloan
37+
### Participating in the Crowdloan
3038

3139
The crowdloan is a fully permissionless event - you make your own judgement on if and how you would like to participate.
3240

@@ -36,6 +44,5 @@ We recommend the following ways to participate:
3644
2. Participate via partner exchanges.
3745
3. Participate via partner mobile wallets.
3846

39-
### Guides
40-
47+
#### Guides
4148
Step-by-step guides incl. screenshots will be posted here shortly.

0 commit comments

Comments
 (0)