I should be considered as one of the users who participated in the early $SAGA mainnet staking. Since there was an open airdrop, I was reminded to participate in the early staking.
When I did my last monthly statistics, the floating loss on SAGA tokens was still quite serious, exceeding 40%. However, I am optimistic about the development of blockchain games, which have great potential in the future. Saga has many game projects as a partner, and many projects will issue airdrops, so I continue to increase my positions and continue staking.
Because I didn’t study the previous rules carefully during the first saga airdrop, several wallets didn’t receive the airdrop after they were opened, which was quite annoying. The cost was still relatively high at that time, and you could have bought 1 times the amount at the current price.
In order to get the airdrop as much as possible, I have done some preparatory work and some summaries. New airdrops will be added in the future. Of course, if there is too much content, I will open a new article.
Saga staking tutorial reference Cosmos Ecological Token General Staking Tutorial
---
Airdrop Process
Announcing the next Vault snapshot
Snapshot
Vault announcements (announcements, partners, airdrop qualifications, etc.)
Open the Claim page (usually closed after one week)
Close the Claim page
Distribution Airdrop
Development activities (not necessarily)
---
Power-Level Over 9000 Airdrop: Vault Two
Summary written in front:
Combined with the "Vault One" airdrop, at least some conclusions can be drawn: 1. There is a limit on the number of airdrop addresses, which are ranked according to the amount of pledge, and then a pledge number is taken according to the number of airdrop addresses. 2. Loyalty subsidy. The saga airdropped to you must be almost fully pledged (last time it was required to be 95%) to be considered loyal.
Suggestions (best to read all before proceeding):
If there was a previous saga airdrop, all the tokens were staked. If they have been sold, it is recommended to buy them back.
Pledge amount: The last minimum requirement was greater than 101 (e.g. 101.1); more stable is greater than 116 (the last minimum requirement, plus the airdrop); more stable is greater than 131 (the last minimum requirement, plus 30% incremental pledge, refer to the Genesis airdrop).
Whether to split multiple wallets. It is recommended that large users split multiple wallets. The upper limit of the tokens in the last airdrop is 10,000. It is recommended that ordinary users or small users merge into 3 wallets or less (the last airdrop public explanation is that the airdrop tokens are distributed according to the pledge ratio): one wallet is more than 500 or all tokens; one wallet is about 250 (medium); the last one is the minimum requirement of the last airdrop (small).
Is it worthwhile to pledge saga airdrops: If you are not optimistic about the subsequent development of chain games, or if you are not optimistic about the subsequent development of saga, then it is not recommended that you pledge saga airdrops. Because saga airdrops are composed of two parts: the tokens of the cooperative project, and the saga base currency. The airdrop of the base currency is to ensure that the total income of the airdrop will not be too low, at least in the first year, there is no need to worry about the exhaustion of this part of the tokens. The tokens of the other cooperative project are mostly game-related. Some people may use futures for hedging. The current price (about $ 2.3) is not recommended. The current coin price is not high for the circulation, but a large number of tokens will be unlocked only after 1 year. Although inflation is not low, the pledge income is currently around 10%, and a large part of it is pledged to earn airdrops. Chainlet has not yet deployed applications in a real sense. Even if the airdrops of the first few cooperative projects are not ideal, it does not mean that there will be no explosive products in the future. In short, look at the beginning of this paragraph. At least one condition must be met so that you will not be aimless.
Air Investment Qualifications:
Airdrop amount:
Relevant dates:
Implied snapshot announcement date: 2024-05-14 (implies snapshot within 30 days)
Snapshot date:
Vault Announcement Date:
Claim page opening date:
Airdrop distribution date:
The reference link is written below:
---
Power-Level Over 9000 Airdrop: Vault One
Also, since it is already in the past tense, I will not summarize it.
Air Investment Qualifications:
Stake more than 101 $SAGA; or
Stake >= 95% of the Genesis airdrop amount.
Airdrop amount:
Total airdrop amount: 3 million $SAGA
The amount of airdrops is proportional to the amount of stake (up to 10,000 SAGA)
Loyalty Bonus 4x reward. Condition: Pledge >= 95% of the Genesis Airdrop amount (for addresses with Genesis Airdrop).
Relevant dates:
Implied snapshot announcement date: 2024-04-10
Snapshot date: 2024-04-26 (Block 262,311)
Vault Announcement Date: 2024-05-03
Claim page opening date: 2024-05-09
Airdrop distribution date: 2024-05-18
The reference link is written below:
https://x.com/Sagaxyz__/status/1786071895713911277
https://medium.com/sagaxyz/power-level-over-9000-airdrop-criteria-and-snapshot-b5677811d072
---
Genesis Airdrop
Since the Genesis airdrop is a thing of the past, I only added the data of the ATOM community for the sake of checking. The data of the other three communities (Celestia community, Polygon community, and Avalanche community) can be viewed in the links attached to this section. I will not summarize it here.
ATOM Community
Air Investment Qualifications:
Before 2023-04-20 (snapshot start time), there are ATOMs being staked; and
On October 20, 2023 (the closing price of ATOM is about $6.4 at the snapshot deadline), the total number of ATOMs staked exceeds 25 (the staked value is about $160); and
The number of ATOMs staked at the “snapshot deadline” is more than the “snapshot deadline”.
Airdrop quantity:
Ranking by total stake at the time of snapshot: the smallest 33% of addresses received (25 to 64); the middle 33% of addresses received (64 to 188); the largest 34% of wallets received (188+)
Loyalty Bonus 4x reward. Condition: The total amount of ATOM staked during the snapshot period increased by more than 30%
The reference link is written below:
https://x.com/Sagaxyz__/status/1742950879911895285
https://medium.com/sagaxyz/saga-community-genesis-airdrop-e0f94c1f2220
---
The tutorial and data are for reference only, please refer to the actual situation!
---
