LVN Token Airdrop from Levana: Embracing Decentralized Governance

The Levana Airdrop is set to significantly impact the crypto world, introducing the Levana token (LVN) and marking a major development in the Levana ecosystem. This guide delves into the airdrop’s process, its objectives, the token’s unique characteristics, and how it aims to shift towards community-driven governance.

Understanding the Levana Token, LVN

• Origin: Minted on Osmosis, the LVN token is a key element of Levana’s ecosystem, developed collaboratively with Osmosis, Mintscan, Keplr, and Leap.
• Purpose: It’s designed to harmonize community interests with the protocol, steering towards a DAO governance model.
• Transition to DAO: Levana aims to shift control to a DAO, aligning with the ethos of decentralization in blockchain and crypto.
• Governance Role: The token will be a governance tool, empowering holders to influence key decisions and shape the protocol’s direction.

Token Supply and Utility at Launch

• Initial Supply: At launch, 70M tokens, constituting 7% of the total supply, will be available.
• Total Supply: 1 Billion tokens
• Early Utility: Initially, LVN will not serve as a governance or staking token.

Future Token Utility and Staking Rewards

• Governance Evolution: The LVN token will gradually become a governance tool, influenced by vesting and staking contracts.
• Staking Rewards: Levana is exploring real yield distribution models, like those in dYdX and Kujira, to align protocol health with community interests.

Goals of the LVN Airdrop

• Community Distribution: To distribute tokens to active community members, aligning their interests with the protocol.
• Ecosystem Expansion: Attract new users to the Cosmos ecosystem.

LVN Airdrop Registration and Eligibility

• Process: Users must register at https://airdrop.levana.finance using the same wallet address used in the Levana ecosystem.
• Challenges: Levana addresses bot issues and assures fair distribution.
• Multiple Opportunities: Levana will offer multiple registration phases, ensuring inclusivity. If you miss the initial registration phase, you will be able to participate in the future future, and benefit from the airdrop, maintaining the ethos of inclusivity and community engagement
• Register Early: The exact snapshot dates are still unknown, so registering early ensures you are included. Over 30,000 wallets have registered for the LVN Airdrop so far.
• Rekt Dragons: Only Rekt Dragons snapshot has taken place so far (a Levana NFT set on Ethereum)
• LVN Airdrop: Once you are registered, assuming you are eligible based on your onchain actions, and able to receive airdrops by the government you reside in, no additional steps are required. Just wait to get the airdrop. Airdrops will occur on multiple blockchains, with the majority distributed on Osmosis.

LVN Airdrop Stages

1. Family Airdrop: For early adopters and Levana NFT community members.
2. Community Airdrop: Expands to include Stargaze, Kujira, and Astroport traders.
3. Final Stage: Aims to attract new users, requiring interaction with Levana.

Prioritization Among Recipients

• Focus: Rewarding early supporters and users of Levana’s GameFi products.
• Distribution Strategy: Specific allocations for legacy community members, traders, and LPs on Levana.
• Prioritizing Loyalty: 20M $LVN across 3 phases, 14M for the first phase.
  • 10M LVN allocated to users who engaged with Levana’s GameFi products that transitioned from Terra to Juno 18 months ago.
  • Over 400K tokens for active Levana traders, especially on @osmosiszone
• The preference in terms of the weight of the initial airdrop will focus as follows:
  • Legacy Levana community members (NFT Egg and Dust Holders)
  • Traders on Levana (with a 400K bonus for Osmosis traders)
  • xLPs on Levana
  • LPs on Levana

Token Launch Timeline

• Public Launch: December 18.
• Airdrop Phases: Beginning around December 20, completing within six months.

Mid-Term and Long-Term Goals

• DAO Establishment: Initiating a DAO and implementing voting mechanisms.
• Security and Scalability: Implementing roll-up solutions with Celestia for enhanced platform performance.
• Product Enhancements: Introducing referral programs, advanced portfolio tracking, and more.
• Long-Term Vision: Launching a grant program, NFT-based membership plans, and maintaining community engagement and transparency.

Conclusion

This comprehensive guide outlines Levana’s strategic approach to the LVN token launch and airdrop, emphasizing community engagement, transparency, and a gradual transition to decentralized governance. Levana’s roadmap reflects a dedication to innovation and sustainable growth in the DeFi space.