Introduction to Backbone Labs and $SOUL Token
Backbone Labs recently announced the launch of the $SOUL token. This token is designed to be the core of Backbone Labs’ blockchain ecosystem, symbolizing a vital connection within their digital asset world.
Backbone Labs’ Recent Impact
Over the past 18 months, Backbone Labs has developed several key projects:
- NecropolisNFT Marketplace: A digital marketplace initially on Terra, expanding to Migaloo.
- GraveDigger: A liquid staking protocol available on multiple chains with a TVL of $903k.
- NFT Switch: A peer-to-peer trading platform for NFTs on Terra.
- SkeletonPunks and Migaloo Whales: NFT collections with revenue-sharing features.
Details of the $SOUL Token
- Blockchain Used: Migaloo Chain ($WHALE).
- Total Supply: 10 Million $SOUL tokens.
- Token Allocation:
- 50% for SoulDrop.
- 15% to the Soul Foundation.
- 15% reserved for the team.
- 10% for protocol liquidity.
- 10% for Sail Chain Claim.
- Unclaimed Tokens: Unclaimed tokens from SoulClaim will revert to the Soul Foundation.
- Launch: Timing is not announced, yet.
SoulClaim: Eligibility for $SOUL Airdrop
Eligibility for the $SOUL token Airdrop includes:
- GraveDigger NFT collection stakers (Skeleton Punks, Migaloo Whales, etc…)
- LP’ers on bLUNA, bWHALE, bHUAHUA, and bJUNO staking pools
- Necropolis and Necromancer shoppers and minters
- GraveDigger treasure hunters
- Alliance stakers — bWhale, bLUNA, etc…
- NFT Switch users
- Stakers of NFT Switch and PFC validators (Sail program Chains only min of $250 value staked)
- Ginkou bASSET borrowers and stable depositors
- RaccoonBet
Blackbone Labs will be taking multiple snapshots to monitor eligibility. Assume that some snapshots were taken already and more are on the way.
Note: The above details are not final or confirmed, eligibility, amounts, and requirements can change.
Conclusion
Backbone Labs’ $SOUL token aims to weave together life and death in the digital realm, providing a unique asset to its ecosystem. $SOUL looks to extend Backbone Labs’ innovation and commitment to their community and blockchain projects.
