$FRS 100% Fair Launch
It's all about FAIR.
Total Supply: 10,000,000,000 $FRS (10 billion $FRS)
$FRS Fair Launch Amount: 10 billion $FRS
Initial Valuation: About 600k in USD
Staking Airdrop — 73% (7.3 billion $FRS)
Campaign Period:
11:00:00 (GMT+8) Jan. 25, 2024–8:00:00 (GMT+8) Feb. 4, 2024
Hard Cap: 30,000,000 $ZKF
Basic Principles
During the staking airdrop campaign, all stakers who have staked on FairStake pools are equally eligible for the airdrop, no matter which pools you stake in.
During the 237-hour campaign, there will be 30 random snapshots of all pools, and at the same time of each snapshot, 1% of all $ZKF in FairStake pools will be collected, and stakers in the corresponding snapshot will be eligible for the $FRS staking airdrop.
If the collected $ZKF exceeds the hard cap (30 million $ZKF), the exceeded part will be refunded to the contributor’s account and will be claimable together with the staking airdrop after the campaign.
Airdrop progress and statistics will be re-calculated after each snapshot. You can check your estimated $FRS amount any time you want. However, the more $ZKF collected, the less $FRS each collected $ZKF will receive, so stake early if you want more airdropped $FRS!
You will receive your staking rewards in $USDC and all the other benefits from the ZKFair ecosystem during the campaign, however, collected and refunded $ZKF will not generate $USDC rewards during the campaign. Please re-stake it after the campaign.
Here are some examples to help you understand better.
Example 1.
If Alice staked 100k $ZKF on day one and got 30 snapshots, she will receive the maximum amount of $FRS she can get. A total of 26.03k of Alice’s staked $ZKF will be collected for the airdrop.
If the total collected ZKF were exactly 30 million $ZKF, Alice would receive 6.334 million $FRS.
If 40 million $ZKF were collected, Alice would receive 4.75 million $FRS and 6.51k $ZKF would be refunded.
If Bob also staked 100k $ZKF but in the last hour and got only 1 snapshot, Bob will only receive about 3.84% of the $FRS Alice would receive. So stake early if you want more $FRS airdrops!
Example 2.
If Alice staked a certain amount of $ZKF on day one, and on day 4, the total collected $ZKF reached the hard cap, then Alice’s estimated $FRS amount will increase at a slower rate after each snapshot, and her $ZKF refund will increase (’cause more $ZKF are eligible for the airdrop). So even if you come late, you still have some chances. (but it’s much less!)
$FRS staking airdrop vesting plan:
1.3 billion $FRS will be claimable after the staking airdrop event;
6 billion $FRS will be vesting for 6 months, 1 billion $FRS claimable for each month;
Community Airdrop — 22% (2.2 billion FRS)
.zkf DID holders — 1%
$ZKF holders — 1% $ZKF holders on ZKFair L2 will receive 1% of $FRS
$ZKF stakers — 8% $ZKF stakers in ZKFair official pool will receive 8% of $FRS
FairStake protocol contributors — 12%
Initial liquidity provision — 5%
5% of FRS will be paired with 6.85% of collected ZKF to provide initial liquidity.
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