The Sirath Network is thrilled to announce the Genesis Rolldrop, an exciting milestone that rewards our loyal community members. This initial distribution event involves allocating 1 million $STN tokens, constituting 10% of the total $STN supply of 10 million. Here’s everything you need to know about the distribution process, the breakdown of rewards, and how to check your allocation.
Distribution Overview
A total of 1,000,000 $STN tokens are being distributed. Out of this amount, 10,498 $STN has been set aside for specific testnet rewards, while the remaining 989,502 $STN is allocated across a tiered system for $DYM stakers. This distribution constitutes the initial phase of our commitment to allocate 20% of the total supply, with an additional 10% planned for future incentive activities on the mainnet.
Allocation Breakdown for $DYM Stakers
The current distribution of 989,502 $STN for $DYM stakers follows a ratio among 3 tiers:
- Tier 1: Reserved for top $DYM stakers. This tier includes 268 eligible addresses, totaling 58,338.44 $STN.
- Tier 2: For mid-level $DYM stakers with significant activity. This tier includes 3,124 eligible addresses, totaling 265,540 $STN.
- Tier 3: For other eligible $DYM stakers. This tier includes 141,924 eligible addresses, totaling 665,623.56 $STN.
Separate Testnet Rewards for on-chain points Holders
An additional 10,498 $STN is allocated specifically to incentivize and reward testnet participants who earned our on-chain points during the testnet phase. Eligibility for this category requires participants to have accumulated a minimum of 100 Pts.
In total, 74 eligible addresses will share this allocation, with token distributions based on a 25:1 ratio of points to tokens. For example:
- Alice has: 14,275 points = 571 $STN
The complete breakdown of eligible addresses and their allocations can be found on the checker portal.
100% Unlock at TGE
All tokens distributed during the Genesis Rolldrop will be 100% unlocked at TGE. This applies to both $DYM stakers and testnet participants, ensuring that our community receives immediate access to their rewards.
Criteria for Eligibility
Eligibility for the Genesis Rolldrop is determined by two main criteria:
- $DYM Stakers: Active participants in the staking ecosystem during the allocation period were prioritized. Tiers were assigned based on the level and consistency of staking activity.
- Testnet Activity On-Chain Points: Participants who earned on-chain points during the testnet, with a minimum threshold of 100 Pts, are eligible for testnet rewards. Token distribution is proportional to the points accumulated, ensuring fair rewards.
How to Check Your Rewards
Eligible participants can check their $STN tokens by visiting the official Sirath Network checker portal:
👉 Check Your $STN Tokens Allocation Now
To check, simply input your EVM address to verify your eligibility. Ensure you are using the same wallet address that participated in the testnet or $DYM staking activities on Mainnet.
Community-Focused Tokenomics
The Genesis Rolldrop reflects Sirath Network’s commitment to a community-first approach. With 10% of the total supply allocated in this initial phase and a total of 20% planned, we aim to empower and reward our early supporters. This strategy ensures that our tokenomics align with our vision of a decentralized and inclusive ecosystem.
Looking Ahead
The Genesis Rolldrop is just the beginning. As the Sirath Network continues to grow, we remain dedicated to fostering an engaged and incentivized community. Here are some initiatives to look forward to:
- IRO (Initial RollApps Offering): Our next major milestone will introduce the IRO, a public sale-like event aimed at expanding participation and adoption. Stay tuned for more details.
- Mainnet Launch in Q1: The highly anticipated Mainnet launch is scheduled for Q1 2025, marking a pivotal step in the evolution of the Sirath Network.
- Future Mainnet Incentives: The remaining 10% of the total supply will be distributed to incentivize participation and adoption during the mainnet phase.
- Additional Incentive Programs: We will introduce new opportunities for users to earn rewards and contribute to the network.
- Governance Opportunities: Token holders will have the chance to participate in shaping the future of Sirath Network through governance proposals and voting.
- Ecosystem Expansions: Expect new partnerships, tools, and features that enhance the utility of $STN and drive further adoption.
By participating in these initiatives, you can continue to be an integral part of the Sirath Network’s journey toward decentralization and innovation.
Stay tuned for more updates and announcements as we continue to build the Sirath Network together. Thank you for being an essential part of our journey!