PumpBit Whitepaper
  • Overview
  • Introduction
  • Mechanisms
    • Funding Rate
    • Liquidity Providers
  • Fee and Leverage Tiers
    • Trading Fee Distribution
  • Tokenomics
    • PUMB (pumpbit Token)
    • Cofounding NFT
    • DAO Governance Model
  • Airdrop
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Airdrop

PreviousDAO Governance Model

Last updated 9 months ago

The primary purpose of the Airdrop event is to enable PumpBit to achieve a cold start and sustain growth. Therefore, the Airdrop specifically favors Liquidity Providers and contributors who work to increase liquidity. PumpBit quantifies the support of Liquidity Providers and those who assist in boosting liquidity in the following way:

The inviter can receive 16% of the invitee's Liquidity Points (first tier). If the invitee invites others, the first-tier inviter can receive 8% of the Liquidity Points from the second-tier invitees.

The Airdrop will be distributed based on the points as follows:

Please note that only Cofounding NFT Holders can generate invitation links. Before the launch of the Airdrop, PumpBit will continue to distribute Cofounding NFTs, and participants in PumpBit events will have the opportunity to obtain them.

Liquidity Points = (Liquidity / 10) * Time (seconds)
Invitation Points = (Liquidity Points of all directly invited users * 16%) + (Liquidity Points of new users invited by invitees * 8%)
Personal Points = ( Liquidity Points + Invitation Points ) * Cofounding NFT Multiplier