Ginkou and the Upcoming ‘GIN’ Airdrop in Migaloo Zone
Context on Ginkou:
Ginkou‘s integration into the Migaloo Zone ecosystem is crucial for enhancing its blockchain economy. Ginkou’s focus on borrowing, lending, and asset liquidation is fundamental for the functionality of Migaloo Zone’s money market, vital for economic growth in DeFi.
Ginkou Airdrop Details:
The upcoming ‘GIN’ token airdrop by Ginkou in the Migaloo Zone is designed to add value to its ecosystem. Eligible participants include:
- $WHALE stakers
- Liquidity providers on White Whale DEXes
- Eris Protocol and BackBone Labs LSD users
- Unannounced ecosystem partners
- Ginkou collateral and USDC depositors
- Holders of burnt whale ($ASH) and Ginkou NFTs
25% of the ‘GIN’ airdrop will be claimable at launch. The rest is distributed based on user engagement: staking ‘GIN’, depositing USDC on Ginkou, and participating in the Liquidation Queue on Ginkou.
Value of ‘GIN’ Token:
‘GIN’ stakers will benefit from a share of the protocol’s fees. Future protocol yield could be used for ‘GIN’ buybacks, creating a positive feedback loop. ‘GIN’ stakers will also earn a portion of liquidation premiums from the protocol’s liquidation bots.
Tokenomics of ‘GIN’:
The token has a fixed maximum supply of 66,777,888. Distribution includes:
- Team: 10%, vested over 12 months, then linearly over 2 years
- Treasury: 20% for staking incentives over 10 years
- Liquidity Incentives: 20%, split between initial provisioning and future incentives
- Airdrop: 40%
- Public Sale: 10%, on a Migaloo Launchpad
Conclusion:
Ginkou’s ‘GIN’ airdrop in the Migaloo Zone is a strategic move to incentivize ecosystem participation and enhance user engagement. It underscores Ginkou’s commitment to developing a sustainable and evolving blockchain environment.
Please note this article is based on information posted by the team on October 16th, as part of the proposal to request approval from the Migaloo community to join the RIDE Program. Final airdrop details, amounts, requirements, eligibility, and toknes may change and be different from what was summarized above. Follow Ginkou official Twitter account for up to date information.
