Hello CommanDODOs,
Meta Network (https://www.meta.io/) will participate in the DODO Raptor Program and run the $META trading mining campaign for 14 days. This campaign will also reward vDODO holders with 200 or more vDODOs with $META token airdrops.
The campaign details are as follows:
Event Period
April 17, 2021, at 3:00 PM UTC+8 (Singapore Time)
to
May 1, 2021, at 3:00 PM UTC+8 (Singapore Time)
Event Overview
During the event period, DODO users who trade $META tokens on the DODO platform ( Ethereum ) are eligible for trading mining rewards.
For each wallet address, its trading volume of $META (calculated by the number of $META tokens bought + the number of $META tokens sold) will be calculated and displayed in a public Google Docs document. At the end of the event, collated and displayed in the Google Docs document will be the following stats for each participating address:
Total $META trading volume
vDODO weighting bonus (see the “How Rewards Are Calculated” section for details)
Weighted $META trading volume after the vDODO weighting bonus has been applied, and
Number of DODO rewards the address will receive
Rewards Distribution
DODO Tokens
For DODO reward tokens, the final tally of each participating address’s total trading volume will take place on May 1, 2021, at 5:00 PM UTC+8 (Singapore Time) and the aforementioned document will be shared with the DODO community shortly after. The rewards will then be distributed on Binance Smart Chain (BSC) to participants before May 4, 2021. Please make sure you switch your wallet application/extension’s network to BSC in order to see the rewards.
META Tokens
META tokens will be distributed to users with more than or equal to 200 vDODO on Ethereum (ETH) on April 17, 2021 and the amount each user will get is proportional to their share of vDODO tokens. The more you have contributed to the vDODO ecosystem, the more META tokens you will receive. Users with more than 1,000 vDODO will be treated as having 1,000 vDODO for the purpose of this campaign.
A snapshot of all vDODO holder addresses has already been taken on April 17, 2021, at 9:00 AM UTC+8 (Singapore Time). The cutoff block number is 12254531. Please make sure you switch your wallet application/extension’s network to ETH in order to see the rewards.
Number of Reward Tokens
2,000 BEP-20 (BSC) DODO tokens.
vDODO holders will share a total of 1,000 ERC-20 (ETH) META tokens, split proportionally based on their number of vDODO tokens.
How Rewards Are Calculated
The DODO token rewards for participating wallet addresses are determined by 4 parameters:
(i) The total number of $META tokens traded by the address
(ii) The address’s vDODO weighting bonus: vDODO holders receive a weighting bonus when calculating trading volume. For the trading volume campaign, we will be taking a snapshot of all vDODO holder addresses on May 1, 2021, at 3:00 PM UTC+8 (Singapore Time). Please note that this snapshot should not be confused with the META rewards snapshot, which has already been taken. The bonus rules are:
Users who hold 10 to 99 vDODO tokens are given a 10% weighting bonus on their trading volumes.
Users who hold 100 to 999 vDODO tokens are given a 30% weighting bonus on their trading volumes.
Users who hold 1,000 vDODO tokens or more are given a 50% weighting bonus on their trading volumes.
(iii) Percentage of trading volume of each address after the vDODO weighting bonus: At the end of the event, the proportion of each address’s total trading volume after the (ii) vDODO trading volume weighing bonus has been applied to the total $META trading volume on the platform will be calculated.
(iv) The reward cap for a single wallet address: Each address can only get up to 200 BEP-20 DODO tokens in rewards.
Happy trading and #JustDODOIt!