Charlie Garcia
Soarchain is a Layer 1 built on Cosmos SDK network that enables a token-incentivized data and connectivity infrastructure for mobility. It provides a platform for developers to build customized smart contracts and dApps specific to the mobility industry, fostering innovation and collaboration.
Soarchain is rewarding its native SOAR token through its genesis airdrop. A total of 2.7% (51,300,000 SOAR) of the overall supply is allocated for this airdrop.
The airdrop is split across several categories, including ATOM, TIA, and AKT stakers, early community and Zealy participants, testnet users, and validators. The snapshot date for the airdrop happened on January 5th, 2024.
- Soarchain has announced a 51.4 million SOAR genesis airdrop.
- The airdrop is split across several categories, including ATOM, TIA, and AKT stakers, early community and Zealy participants, testnet users, and validators.
- The allocation for the airdrop is as below:
Category Candidates Allocation Foundation Atom 11.1% (5,700,000) Modularization Celestia & MilkyWay 11.1% (5,700,000) DePIN Akash 14.8% (7,600,000) Early Community Soarchain OGs & Zealy 1.85% (950,000) Mobility OEM Connections 11.1% (5,700,000) Testnet Users Soarchain Mini 37% (19,000,000) Validators Testnet Validators 1.85% (950,000) Surprise Network TBA 11.1% (5,700,000) ATOM, TIA and AKT stakers will receive the airdrop based on the following eligibility criteria:.
- ATOM stakers
- Minimum of 40 ATOM staked by participants.
- Specific allocation based on a participation score.
- Celestia & MilkyWay stakers
- Minimum staking requirement of 40 TIA and/or 20 milkTIA.
- Allocation also determined by the participation score formula.
- Akash stakers
- Participants must stake a minimum of 50 AKT.
- The SOAR allocation is again calculated based on the participation score.
- The largest portion, 37% or 19,000,000 SOAR, goes to Soarchain Mini testnet users. This is divided into 9,000,000 SOAR rewarded proportionally based on testnet earnings, and 10,000,000 as base rewards for Mini buyers.
- 1.85% (950,000 SOAR) goes to Soarchain OGs who claimed a special Discord role, while Zealy quest participants receive SOAR proportional to their testnet rewards.
- Another 1.85% supply is allocated to compensate testnet validators based on uptime, node operation and governance participation scores.
- The mobility sector gets 11.1% with 950,000 SOAR for Tesla Proof-of-Availability rewards and 4,750,000 as base rewards for pre-integrated OEMs.
- Finally, 11.1% is reserved for a “Surprise Network” to be revealed later. Leftover tokens from the community and Tesla categories will go to Soarchain’s strategic reserves.
- The rewards will be directly distributed to your wallets.
- For more details about the airdrop, visit their official airdrop announcement.
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