MANTRA Includes Over 350,000 Users In Its GenDrop

The moment you've been waiting for is finally here! Congratulations again to those who found the checker before we even announced it! But as we explained, the dataset was just a dummy one. Let's review the actual allocations. In total, 50,000,000 $OM were allocated for this Gendrop.

You can check your allocation here:

https://checker.mantra.zone/ 

KARMA Pre-Mainnet Quests (60%)

This is the largest bucket of the Gendrop and also the one that counts the most participants. In the end, the top 124,760 addresses were eligible in the KARMA Pre-Mainnet Quests campaign out of over 615,000 participants. While this may seem like a small percentage, we found that over 57% of the KARMA was collected by the top 124,760.

Moreover, to make the distribution more equitable, as some addresses surpassed all expectations in terms of KARMA accumulation, we opted for a Kurtotic Adjustment rather than a linear distribution to create a less peaked distribution.

Ultimately, we adjusted the amount of KARMA per user, and the adjusted ratio of KARMA to $OM is:

1 $OM = 6.797 adjKARMA

ATOM Staker to MANTRA Node (8%)

For those users who staked ATOM to the MANTRA validator, we have decided to allocate 8% of GenDrop. Anyone who delegated any ATOM to the MANTRA validator from the time we announced our promotion on May 2 to the time we announced our mainnet on October 23 is eligible to claim GenDrop rewards.

Moreover, Sherpas will be happy to know that the ATOM earned from our commissions will be used to seed an ATOM/USDC pool on MANTRA Swap. 

Galxe Season 1 (12%)

For Season 1 of Galxe, we decided to allocate 12% of the Gendrop due to both the participation we encountered and the number of quests we created. In total, we allocated 6,000,000 $OM tokens to 125,725 users. Many more people participated in the Galxe quests, but we decided to set a minimum requirement of more than 215 points.

After various tests to achieve the fairest distribution, we opted for a distribution according to the amount of points collected. The more points you had, the more tokens you received. That way we can reward users with the maximum amount of points and dedication. Another eligibility criteria was to add the EVM address.

Bad Kids NFTs (4%)

For the Bad Kids NFT community, we have opted for a fixed allocation per NFT held. With a total total of 9886 NFTs, this equates to an allocation of 202.3 $OM per NFT. Additionally, we have eliminated restrictions for holders possessing more than one NFT.

Celestine Sloths NFTs (4%)

For the Celestine Sloths NFT, we've opted for a fixed allocation per NFT held. With a total of 2,467 NFTs, each NFT represents an allocation of 810.7 $OM. Additionally, we've eliminated limitations for holders possessing multiple NFTs.

Pudgy Penguins NFTs (3.5%)

For the Pudgy Penguins community, we have decided to allocate a fixed amount of $OM tokens per NFT held. Given that there are 8317 NFTs in total, this equates to an allocation of 210.41 $OM per NFT. Additionally, we have eliminated any limitations for holders possessing more than one NFT.

Testnet Validators (3.5%)

For the Testnet validators, there are 3 reward levels: Tier 1, Tier B and Tier S. These tiers divide users according to their participations:

 22655 $OM, 10000 $OM and 8888 $OM according to different criterias.

Tier A: If you had a normal participation as a validator. 8888 $OM

Tier B: If, in addition to your validator role, you’ve participated in governance. 10,000 $OM

Tier S: If, in addition to your validator role and governance, you’ve done some outreach and infrastructure work

Mad Scientist NFTs(2.5%)

For the Mad Scientist community, we decided to allocate 2.5% of the GenDrop supply. A total of 8124 NFTs were qualified in this category, and after calculation, the amount allocated to holders is 153.86 $OM for each NFT.

Galxe Season 2 (1%)

Here we decided to have a much smaller bucket compared to the first season. Indeed, because of various bugs on Galxe, the small number of quests created, and the Testnet being released during the Season 2, we decided to rely less on the quest platform.

That being said, we rewarded the participants with 1% of the Gendrop supply, or 500,000 tokens, distributed according to the amount of points you received. The rewards range from 10.36 $OM to 62.16 $OM.

MANTRA NFTs (1%)

For MANTRA's NFT, we decided to allocate 1% of the GenDrop supply due to the limited number of holders. Only 899 addresses were qualified in this category, and after calculation, the amount allocated to holders is 556.17 $OM for each eligible address.

Bitkids NFTs (0.5%)

For the BitKids NFT collection, we opted for a fixed allocation per NFT held. With a total of 9883 NFTs, this equates to an allocation of 23.29 $OM per NFT. Additionally, we eliminated limitations for holders possessing more than one NFT.

About Vesting

Although we initially announced a 3-month cliff with an initial liquid allocation and linear vesting for 9 months, we are happy to announce that we are reducing that cliff to 1 month today, followed by 11 months of linear vesting.

Since MANTRA Chain has its roots in a 4-year-old fully diluted project, we hope to be a breath of fresh air in the mostly low-float high-FDV world of recently launched L1s. What this also implies is that we will do everything to protect our OG Sherpas, who have been with us through thick and thin.

Vesting is necessary to protect the OGs but the GenDrop itself is necessary to onboard the 260,000 new users that are indicative of MANTRA’s wider ambitions.