As we promised a few weeks ago, Bitsong would have made a 10,000,000 $BTSG Airdrop to the Cosmos Ecosystem, and that moment has arrived!
After discussing and analyzed what were the eligible networks according to our parameters, the Boarding of Bitsong decided that the eligible networks for the stakedrop are:
– Cosmos (5M BTSG)
– Osmosis (4.4M BTSG)
– Juno (600K BTSG)
We would have liked to include more networks from those IBC enabled, but as well you know, now they are so many (fortunately) and the airdrop average for token in staking on each of them would have been dramatically lowered, such as to make this campaign very little substantial for the eligible stakers.
The Airdrop will be sent directly by us in the eligible wallets, so no further action is required on staker’s side.
However, before presenting you all the parameters and technical specifications, we must make a consideration.
After making the necessary tests and consider all the scenarios when it comes to IBC transactions, i.e sending the $BTSG tokens received in the Airdrop via IBC to Osmosis or other blockchains connected to IBC with which Bitsong has a direct communication channel, we have realized that due to the IBC nature, the denominator changes according to the channel used, so the token that reaches the destination after the execution of the transaction, is different from the native $BTSG, so it cannot be used.
For example if a Juno staker receives 100 $BTSG of Airdrop and want to send them directly to Osmosis to add them to a pool, the token that he receives in Osmosis is not the native $BTSG, but totally another token, so it becomes unusable.
Therefore, we must carry out an extra passage, i.e to transfer the tokens from Juno to Bitsong and then from Bitsong to Osmosis, only then you can take advantage of the Native $BTSG.
That being said, we had to create a tool that allows cross-chain transfers in a simple way and using the correct channels for each chain, without risking losing the tokens received.
The tool will allow users to be able to switch from Cosmos, Osmosis or Juno to Bitsong, and then send the native $BTSG token to Osmosis or other networks according to the comforts and intentions of each one.
This tool will be made available to the Community as soon as we have carried out the Airdrop, scheduled to be delivered in the next 24 hours.
Do not try to move the $BTSG Tokens that you received until we deploy the tool that uses the right channels for each chain (12/24 hours from now).
Let’s move now on the Airdrop specifications.
- Snapshot height: 8.730.500
- BTSG allocated: 5.000.000btsg
- ATOM Staking Min Cap: 5atom
- ATOM Staking Max Cap: 5.000atom
- Total address: 215.665
- Unique address: 171.073
- Elegible address: 96.824
“cosmosvaloper156gqf9837u7d4c4678yt3rl4ls9c5vuursrrzf”, // Binance Staking
“cosmosvaloper1a3yjj7d3qnx4spgvjcwjq9cw9snrrrhu5h6jll”, // Coinbase Custody
“cosmosvaloper1nm0rrq86ucezaf8uj35pq9fpwr5r82clzyvtd8”, // Kraken
“cosmosvaloper1kn3wugetjuy4zetlq6wadchfhvu3x740ae6z6x”, // HuobiPool
“cosmosvaloper1qaa9zej9a0ge3ugpx3pxyx602lxh3ztqgfnp42”, // Game
“cosmosvaloper1z66j0z75a9flwnez7sa8jxx46cqu4rfhd9q82w”, // Debo
“cosmosvaloper18ruzecmqj9pv8ac0gvkgryuc7u004te9rh7w5s”, // binance staking
- Snapshot height: 2.424.500
- BTSG allocated: 4.400.000btsg
- OSMO Staking Min Cap: 20osmo
- OSMO Staking Max Cap: 12.500osmo
- Total address: 46.776
- Unique address: 29.885
- Elegible address: 17.381
- Snapshot height: 1.082.300
- BTSG allocated: 600.000btsg
- JUNO Staking Min Cap: 10juno
- JUNO Staking Max Cap: 6.250juno
- Total address: 15.420
- Unique address: 9.300
- Elegible address: 6.659
That said, it’s all set for the Airdrop execution, you only need to stay tuned, we will make an official announcement as soon as the transactions are made, when we also give you access to the aforementioned tool, along with a brief guide on its functions.
This campaign along with the one of the incentives on $BTSG Pools on Osmosis and many others that will arrive in 2022, aim to recognize the enormous contribution you are offering to the growth of our ecosystem, so thanks a lot to you all and we wish you an Extraordinarily HAPPY NEW YEAR TOGETHER!