At Moongate, community is at the heart of our protocol, and we are very excited to unveil details about the inaugural $MGT Airdrop!
With 50,000,000 $MGT in the pool for the initial airdrop (much more to come in the future), this represents a significant amount of tokens allocated to the creators and early supporters of our protocol. In this post, we will discuss the breakdown of distribution, calculation of allocation, and also discuss the anti-sybil measures we have taken to ensure the fair distribution of $MGT tokens to core supporters.
TLDR — airdrop claim goes live on November 28 at 12:10PM (UTC) — claim here: https://claim.moongate.id/
Airdrop Distribution
Community — 90% of Initial Airdrop Allocation
Of the 50,000,000 $MGT to be distributed, ~90% of the tokens will be allocated to our core users and early supporters. This includes:
- Moongate Voyager Pass holders (snapshot as of November 22 at 4:00AM (UTC))
- Event attendees
- Brand membership pass holders
- On-site quest / scavenger hunt participants
- Moon Farmer and Moon Odyssey participants
Airdrop Calculation
To determine the amount of tokens receivable by each eligible user, we considered a wide range of factors, including:
- Amount spent to purchase attention assets
- Number of Moongate-issued NFTs held in wallet
- Number of points secured
- Number of referrals
- Additionally, a bonus was given to those pre-registered with their Bitget wallet.
Each factor grants an eligible user a set range of $MGT tokens. The total $MGT allocated to a user is the sum of the individual $MGT allocated from each relevant factor.
Vesting of Tokens:
- 15% of the tokens will be initially unlocked and claimable at TGE.
- The remaining tokens will be vested over a period of 3 months.
- Vesting is completed with Hedgey — tokens will automatically be unlocked and claimable according to the vesting schedule.
Creators & Partners — 5% of Initial Airdrop Allocation
The remaining airdrop tokens are allocated to our brand partners and creators who have launched various smart token campaigns on our platform. These creators have been instrumental in the growth of our protocol, and include key brands such as Binance, OKX, Token2049, ETHDenver, BCG (Boston Consulting Group), Thailand’s real estate leader Siam Piwat, Asia’s iconic music festival Wonderfruit, and more.
Airdrop Calculation
To determine the amount of tokens receivable by eligible creator, we considered a number of key factors, including: number of smart token campaigns launched, number of users participated in the campaign, and amount of revenue generated.
Vesting of Tokens:
- 15% of the tokens will be initially unlocked at TGE.
- The remaining 85% tokens will be vested over a period of 8 months.
- Vesting is completed with Hedgey — tokens will automatically be unlocked and claimable according to the vesting schedule.
Marketing initiatives — 5% of Initial Airdrop Allocation
We have also allocated 5% of our initial airdrop allocation to various marketing initiatives that we have conducted throughout the months.
Vesting of Tokens:
- 15% of the tokens will be initially unlocked at TGE.
- The remaining 85% tokens will be vested over a period of 8 months.
- Vesting is either completed with Hedgey or our partners will distribute according to the vesting schedule.
Anti-sybil Measures 🙅♂️🤖
Our team took considerable measures to weed out users (or bots) who attempted to manipulate our system. This includes (but is not limited to) filtering out users with suspicious email domains, wallet activities, and referral behavior.
If you believe that we had incorrectly filtered out your wallet address from receiving the airdrop, please feel free to fill out this appeal form: https://airtable.com/appZIPTODCw1Twq5N/pagSDakmMNbT8ZV7A/form
Deadline for submissions will be 7 days after TGE (December 6, 2024)
Claiming Your $MGT
$MGT Claim will go live on November 28, 2024 at 12:10PM (UTC). If you are an eligible user, then you can claim $MGT in one of two ways:
- On-chain claim: follow the instructions here to claim your $MGT on chain. Please make sure to use your default wallet to see your allocated tokens! https://claim.moongate.id/ If you have set the non-custodial wallet that we have set up to you as the default wallet, please follow the guide here to log in to the airdrop claim site to receive your airdrop.
- 🚨 Please note that you have 3 months to claim your tokens — cut off at February 28 at 12:00PM (UTC). Any unclaimed tokens will be redistributed to community members.
- Direct pre-deposit / claim on Bitget: if you had previously submitted your Bitget wallet to us, then no further actions are required. You should have already receive your vested $MGT tokens directly within your wallet. The unvested tokens will be automatically distributed to you by Bitget in the next 3 months. If you do not see your tokens automatically in your Bitget account, please check the on-chain claim section as well. There could be various reasons where you are not eligible to claim from Bitget.
Trading $MGT
$MGT will be listed on November 28, 2024 at 12:00 UTC across the following exchange venues:
- Bitget: https://www.bitget.com/spot/MGTUSDT
- Kucoin: https://www.kucoin.com/trade/MGT-USDT
- Gate: https://www.gate.io/trade/MGT_USDT
- MEXC: https://www.mexc.com/exchange/MGT_USDT
- PancakeSwap: https://pancakeswap.finance/?inputCurrency=0x55d398326f99059fF775485246999027B3197955&outputCurrency=0x3C6256F234Ba638E5883c46b3fEdb00ea2e66b8A
Earn & Staking $MGT
After claiming $MGT, users can stake tokens on our staking platform for rewards, points, and future utility. Staking rewards range from 8% to 100% APY, with the 100% APY available only for the first 10 days after listing. Daily points can be claimed for each reward earned. We are also partnering with various centralized exchanges for stake-and-earn activities; you can find more details on our Twitter.
This is just the first of many airdrops that we will be distributing to our core community and creators. The next season of airdrop will be multiples higher than this season. Stay tuned for more updates!
