The Qredo token (QRDO) is landing on WOO X and we want to support the Qredo ecosystem by introducing it to our loyal WOO community. To accomplish this, WOO Network is hosting a series of events worth $50,000 in QRDO, including the QRDO DROP, a social media campaign, and an AMA session.
What is the QRDO DROP?
The QRDO DROP - is a distribution of QRDO tokens to WOO X stakers, that will take place on WOO X on Monday, September 6 at 12:00 UTC, following a snapshot on September 5 at 20:00 UTC.
Who can get the drop?
All eligible WOO X users, who stake at least 300 WOO tokens on WOO X will automatically receive the airdrop of QRDO tokens in their wallets. Higher tiers will receive a higher allocation of the rewards.
Only users from eligible countries who completed at least a Level One Identity Verification can use WOO X services, including the WOO X Beta users who stake WOO using the KYC grace period. You can check the list of unsupported countries and the updated KYC terms by clicking.
How many QRDO tokens are dropped?
The amount of QRDO tokens distributed to the wallets depends on the current staking tier on WOO X. Higher tiers will receive a higher allocation of the rewards. The price of 1 QRDO token is based on a 5-day average closing price (Sep 2 - Sep 6 at 0:00 UTC). Tier 0 is not eligible for the token distribution.
The event timing:
- A snapshot of staking tiers on WOO X, to determine who receives the awards, will be performed on Sunday, September 5 at 20:00 UTC.
- QRDO token distribution will take place after the listing on WOO X on Monday, September 6 at 12:00 UTC.
For further terms and conditions of using WOO X, please refer to the terms of service page: https://support.woo.org/hc/en-001/articles/4403851854233--Terms-of-service