Ether.Fi, the largest liquidity repledge protocol on Ethereum, announced today the launch of the second season airdrop points activity and released the details of the activity rules. The airdrop will introduce a new level system and distribute 50 million tokens, accounting for 5% of the total supply.
Background:
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Ether.Fi, the largest liquidity repledge protocol on Ethereum, concluded its first season airdrop on the 15th, distributing 6.8% of the token’s total supply. Following this, it announced the launch of the second season airdrop points activity today, which will run from March 15th to June 30th. The longer the pledge duration, the higher the loyalty points reward.
The second season will airdrop 50 million tokens, accounting for 5% of the supply.
Introduction to the Activity Rules:
According to the official introduction, the second season airdrop activity will introduce the StakeRank level system, consisting of 8 levels. For every 100 hours of ETH pledged, the user’s rank will increase by 1 level. Each level will have a higher loyalty points rate increase, and the pledge balance must be above 0.1 eETH to continue advancing to the next level.
Users who participated in the first season airdrop will start at level two (Rank II), and Ether.Fan NFT holders will automatically upgrade to level three (Rank III). Each NFT holder can only use the automatic upgrade once.
To treat new pledgers fairly, the points accumulation rate for the second season has increased by 10 times. Although this may dilute the old points, the old points will still be counted, but the following conditions must be met:
For users who withdraw ETH or most of their ETH, their first season points will not qualify them for the second season airdrop unless they pledge additional ETH during the second season. If a user’s points are more than 70% from the first season, they will not be eligible for the second season airdrop.
Users who exit before the end of the second season will not be eligible for the airdrop.
Any blatant witchcraft or manipulation attempts will not be able to receive the airdrop.
It should be noted that StakeRank rules and conditions may change, so it is important to stay updated with Ether.Fi’s updates.
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