As of June 25th at Noon EST, LEO 2.0 is now LIVE. This is the biggest launch we have ever done. Many of these updates are to the core of how LEO as a token operates.
We made a full blog post of all the LEO 2.0 Changes. I recommend giving that post a read if you want to see all the things that have been changed for LEO 2.0.
We'll put out some subsequent posts now that the changes are rolled out or are in the process of rolling out. This blog post will focus on the Volume-Based Airdrop that just went live to celebrate LEO 2.0 and the successful rollout and adoption of https://leodex.io.
The LeoDex Volume-Based Airdrop is NOW LIVE -> https://leodex.io/airdrop
Our Goal With the Volume-Based Airdrop
Let's start with our goal for this airdrop. LEO is a fair-launch token. There's been 6 years of programmatic inflation that has spread our token out to a bunch of holders of all shapes and sizes. This distribution happened through our social media app for Web3: https://Inleo.io.
In the past few months, we've shifted our attention to building a cross-chain DEX Web Application.
This aligns with our roadmap:
- Build a great social web3 app that generates revenue and buys back LEO while giving the community a place to gather ✅
- Build the best cross-chain DEX Web App. Pay 100% of revenue as USDC to sLEO 🕦
- Build the best (actually first and only) POS system for cross-chain payments 🕦
- Build the best SDK for cross-chain
- Build the best mobile app for cross-chain
Our goal with this airdrop is to distribute some LEO to the world of cross-chain. To open up our ecosystem to a broader userbase.
It is also critical that we bring users to https://leodex.io. We are one of the newest entrants into the cross-chain space and as you can see from our roadmap, there is much work to be done.
The critical lead domino of our success with everything is getting LeoDex volume. This is absolutely paramount.
LeoDex is in a great state and we're continually rolling out updates (literally daily) to refine the UI/UX and also add more features to make the best cross-chain WebApp possible.
Our goal with this airdrop is to open the floodgates of LeoDex and onboard millions of dollars in volume and thousands of unique swapping addresses.
The success of this airdrop shall be measured in:
- Total volume over the next 90 days
- Total unique wallets interacting on LeoDex over the next 90 days
We're looking for people to experience LeoDex and also give us feedback on how to improve it. This 90 day airdrop is a sprint for our dev team to receive this feedback, refine and improve LeoDex while adding new features. These next 90 days are critical to our success in the future.
90 Day Volume-Based Airdrop
The 90 Day Volume-Based Airdrop is officially LIVE
Airdrop Details:
Eligibility:
- Minimum $1,000 trading volume required
- Must connect an Arbitrum wallet address to accept the reward claim (as LEO is an Arbitrum native token)
- Active trading during campaign period
- Must create a referral code
Reward Distribution:
- Rewards distributed every 30 days
- No vesting or locks. Rewards are claimable immediately
- Volume calculated in USD equivalent at the time of swapping
- Subject to changes
Rewards:
- 2,000,000 LEO in the main volume-based airdrop fund
- 500k LEO in the minnow fund
You'll notice that the total rewards for the airdrop are fixed. If we surpass the ~$26M worth of volume that these tokens allow for (subject to other variables around tiers), then the airdrop will end early.
This airdrop is a FIRST COME, FIRST SERVE basis. If the volume-based airdrop fills up in 3 days, then it will conclude before the 90d are officially over.
The 500k minnow fund is designed to help users who don't trade much but who do still use LeoDex, provide feedback and share their referral code. We will run regular events during the airdrop that will allow users who don't swap much in terms of volume to get access to LEO airdrops based on activities they can do to try and encourage more usage of LeoDex. Expect more updates on this as the 90 days unfold.
Tiers:
There are 5 Tiers to this airdrop:
- Bronze
- Silver
- Gold
- Diamond
- Platinum
Each tier grants a different Base Reward and Volume Multiplier:
- Base Reward = a base amount of LEO earned as long as this tier is achieved
- Volume Multiplier = a multiplier on the calculation for each $1 of swapped volume (i.e. if you reach Gold Tier, your volume-based reward will be multiplied by 2x, effectively like swapping $2 for each $1 actually swapped)
Supported Networks
- THORChain
- Maya Protocol
- ChainFlip
Questions?
Drop any questions you have as a comment below and our team will get right back to you.
For any support requests, ONLY use an official ticket in our Discord server. The LEO team will never give support outside of a ticket. Anything else should be considered a scam.
Thank you and enjoy LeoDex!