LIVEEtherFi is announcing its governance token, ETHFI,
which will be available with its upcoming airdrop on being live today. In this launch, the total amount of token issuance will stand at an even total billion, out of which 115.2 million is circulating instead in its early stage.
The airdrop will be divided into two phases:
Season 1: 6% of the total token supply will be released, covering interactions through March 15.
Season 2: 5% of all tokens go to the contributing parties, which include covering their actions from March 15 forward to a yet undetermined time.
The remaining amount of tokens will go towards the Core team, Investors, Partners, and the protocol treasury as per decided tokenomics governed by the protocol.
Generalized airdropper eligibility for airdrops on Ether.fi to include holding eETH themselves, referring people to the protocol, or using the early adoption program in the protocol. Whale wallets have to wait three months to claim their tokens, while smaller ones have zero unlocking.
The notice then further realized that, in this development, 20,000 Ethereum was contributed by TRON head and controversial figure Justine Sun, two days before the announcement that TRON would receive its share of token supplies, almost 3.5 million tokens are to be reserved for Sun.
Community members, however, soon cried foul, commenting on Discord that "Justin is getting special treatment," before founder Mike Silagadze replied on Discord: "The bigger piece hasn't even started yet. More tokens will be airdropped to the community members, information to come later."
Silagadze defended Sun’s allocation too, commenting that "Just because someone comes in with a huge deposit doesn't mean we’re going to change the rules for them and screw him. We appreciate Justin's help and will follow the rules we put in place for the event."
