WOO X is excited to announce the first WOO Ventures airdrop - 500,000 DODO tokens will be distributed to WOO stakers on the platform as daily additional rewards, from October 15th to December 30, 2021.
What is DODO DROP?
It’s one of the benefits of staking presented by the WOO Ventures. One of the earliest projects WOO Ventures invested in was DODO, a decentralized exchange and liquidity protocol. As one of the benefits of this strategic decision, the stakers on WOO X are eligible for the additional staking rewards credited in DODO tokens.
Who can get the drop?
All the WOO X users, who stake at least 300 WOO tokens on WOO X will automatically receive the airdrop. You can check the list of unsupported countries and the WOO X KYC terms.
How is the DODO distribution amount calculated?
Every eligible user will get a certain amount of DODO tokens on a daily basis during the campaign period. There will be random weekly snapshots that will determine the number of tokens each user gets during the next week for 11 weeks of the campaign period. Each user gets the amount of DODO airdropped daily proportional to the amount of WOO staked in the snapshot. For example, each daily distribution for the week of October 15 to October 21 will be determined by the random snapshot taken between October 8 to October 14. Any changes in WOO staked on WOO X after this snapshot will not be taken into account for the distribution until the next random weekly snapshot.
The event timing:
- The first staking snapshot, which determines the number of DODO tokens dropped, will be performed randomly between October 8, 0:00 UTC to October 14, 23:59 UTC.
- The DODO daily distribution starts on October 15, 0:00 UTC, and ends on December 30, 23:59 UTC, 2021.
- The weekly snapshots which determine the number of DODO tokens dropped for the next week will be performed randomly within the campaign period.
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