Source: Pencils Protocol, Medium; Translated by: Baishui, Golden Finance
Pencils Protocol is the leading DeFi protocol in the Scroll ecosystem, providing a full suite of DeFi solutions designed to enhance the value and utility of the Scroll network built on breakthrough ZK technology. Since its launch in February 2024, Pencils Protocol has quickly become one of the top three farming protocols in the ecosystem, combining farming, vaulting, and auctioning capabilities to unlock the potential of innovative yield protocols.
To date, Pencils Protocol has surpassed $300 million in total locked value and attracted over 250,000 active users. We are very grateful for the trust and support of the community, whose unwavering commitment has driven Pencils’ rapid growth and success in just a few months.
We are excited to announce the first large-scale airdrop of $DAPP (our native token) to reward early supporters and allow users to participate in the next phase of Pencils Protocol’s development. This marks the beginning of an exciting journey!
$DAPP is the core of the Pencils Protocol ecosystem, providing staking rewards, high leverage privileges, and project allocation opportunities. It can also be used as collateral for trading NFTs and real-world assets, and will be integrated into DeFi products for liquidity and lending. Users will enjoy fee discounts on Bridge and DEX services, and regular $DAPP buybacks and destruction ensure transparency.
Airdrop Allocation
The $DAPP distribution rules have been detailed previously. In particular, participants in Season 2: The Mystic Pen Warriors will follow the 16% release schedule allocated to early supporters, which is separate from the airdrop distribution. This means that 15% will be released in the TGE and the rest will be unlocked linearly over 12 months. These tokens will be available for claiming on the airdrop page (coming soon).
Early active users include:
Users with S1 certificates
Users with S2 certificates
Pencils S and P badge holders
Users who participated in the OKX wallet alliance and received the Pencils Protocol Miner S3 NFT
Users who have successfully minted SOUL NFTs (including all participants in partner Boosting activities)
Tip: Please pay attention to the official announcement for details on the airdrop query page and snapshot time.
Airdrop Accelerated Unlocking Plan
Tokens allocated to early active users will be unlocked in three phases:
50% released at TGE.
25% was released 30 days after TGE.
25% released 60 days after TGE.
Eligible users can accelerate the unlocking of tokens in the following ways:
Tokensoft Verification Incentive: Completing KYC through Tokensoft unlocks an additional 25% and 75% at TGE.
Token sale participation rewards: Participating in the token sale subscription (unlimited amount) can unlock an additional 50%, and get 100% on TGE.
Payment Methods
Exchange payment process
Airdrop Qualification and Collection: The airdrop event page will be open before TGE. Eligible users can visit the page at launch, sign authorization with their eligible address, and submit the UID and network address of their centralized exchange (CEX). After successful verification, the airdrop tokens will be issued to the spot account of the partner exchange before trading begins. Users should monitor their exchange account balances, and Pencils will provide detailed guidelines for the event.
Subsequent airdrops: For future airdrops, users can return to the airdrop event page and click "Claim" in the corresponding section. The tokens will be automatically issued to the spot account of the partner exchange where they were originally submitted. The specific issuance time will depend on the exchange's internal schedule.
On-chain collection process
The on-chain claim process will be open 24 hours after the TGE. Once the user clicks "Confirm Claim" on the airdrop page, $DAPP will be released directly to their on-chain wallet. The specific arrival time depends on the confirmation speed of the blockchain.
Collection period
The collection window opens before the TGE and closes 30 days after the last collection period ends. Users must complete their $DAPP collection within this timeframe or the tokens will be forfeited and recycled.
Earn and Stake
After receiving $DAPP, users can join earning and staking campaigns on partner exchanges to earn high APY rewards (coming soon). In addition, they can participate in $DAPP staking on the Pencils platform (coming soon) to earn high Pencils points and gain a stake in auction project launches. More Scroll ecosystem airdrop rewards are also coming soon.
*Notice:
Please ensure that your registration information on Tokensoft and the cooperating exchange is accurate and that your address is consistent to avoid affecting your airdrop collection.
The platform reserves the right to adjust the activity rules, and all updates will be announced through official channels.