Promotional Campaigns
To generate momentum and support for the Public Contribution event, Abax DAO has implemented several promotional campaigns:
Airdrop & Raffle - Governance Participation Incentive Campaign
This initiative is aimed at boosting governance participation and rewarding active community members. This campaign marks a significant milestone for Abax - the launch of the Token Generation Event on August 6th.
Rules Of Airdrop
The total amount of Airdrop will be 350,000 ABAXes.
The ABAXes will come from the foundation allocation.
The Airdrop campaign will last for 51 days from TGE start + 7 days until distribution.
The Airdrop will be distributed proportionally to the amounts of staked tokens by eligible participants exactly 51 days after TGE starts.
To be eligible for an Airdrop one has to:
Stake at least 90% of all* tokens received through participating in TGE (Stakedrop and contribution) during the first 51 days of the campaign.
At any time within the 51 days, there may not be a one-hour period where the amount of staked tokens is less than 90% of tokens received through participating in TGE(Stakedrop and contribution). In other words, if a participant gets new tokens from the TGE smart contract the participant has one hour to make sure that at least 90% of received tokens are staked.
Throughout the campaign, during the 58 days, participants could not unstake tokens from the governor. Unstaking before receiving the airdrop makes a participant ineligible.
The Airdrop will be distributed 7 days after it ends. It is 58 days after TGE start.
The Airdrop will be added to the participants' stake in Abax Governor.
* of all tokens received = of 40% that TGE contract sends to a stakedropper/contributor on the contribution/claim. Doesn't include the 60% that is vested.
Rules of Raffle
Total rewards in Raffle are 150 000 ABAXes distributed to 3 winners in the amount of 100 000 ABAX, 30 000 ABAX, 20 000 ABAX.
The ABAXes will come from the foundation allocation.
The Raffle campaign will last for 51 days from TGE start + 7 days until drawn and distribution is performed.
The rewards will be drawn from the smallest to the highest.
One account can win only one reward. After winning a winner is removed from the pool.
Chances for winning will be proportional to the amounts of staked tokens (rounded down) by eligible participants exactly 51 days after TGE starts.
To be eligible for a Raffle one has to:
Stake at least 99% of all* tokens received through participating in TGE (Stakedrop and contribution) during the first 51 days of the campaign.
At any time within the 51 days, there may not be a one-hour period where the amount of staked tokens is less than 99% of tokens received through participating in TGE(Stakedrop and contribution). In other words, if a participant receives new tokens from the TGE smart contract the participant has one hour to make sure that at least 99% of received tokens are staked.
Throughout the campaign, during the 58 days, participants could not unstake tokens from the governor. Unstaking before receiving the reward makes a participant ineligible.
The draw will be conducted within 7 days after the campaign ends. The rewards will be distributed within 1 day after the drawing.
The draw will be organized by Abax founders publicly in a transparent and verifiable way.
The rewards will be added to the participants' stake in Abax Governor.
Founders are excluded from the Raffle.
* of all tokens received = of 40% that TGE contract sends to a stakedropper/contributor on the contribution/claim. Doesn't include the 60% that is vested.
Example
Abax_DAO_member1 wants to participate in the Airdrop & Raffle campaign. As a participant in the Stakedrop, Abax_DAO_member1 secured 1,000 ABAX. On the second day of the TGE, Abax_DAO_member1 claimed 40% of their tokens, which amounts to 400 ABAX.
To qualify for both the Airdrop and Raffle, Abax_DAO_member1 must stake at least 99% of the tokens they received in the Abax Governor Contract. Therefore, Abax_DAO_member1 needs to stake 396 ABAX. If they fail to do this within one hour of claiming the tokens, they will lose their eligibility for the campaign.
A few days later, Abax_DAO_member1 generated additional ABAX tokens through a contribution. They received another 1,000 ABAX from this contribution, with 40% (400 ABAX) distributed immediately.
To remain eligible for the Airdrop and Raffle, Abax_DAO_member1 must stake 99% of all tokens received. In total, they have received 800 ABAX (400 from the Stakedrop and 400 from the contribution). Therefore, they need to stake 792 ABAX in the Abax Governor Contract.
At the time of receiving the new tokens, Abax_DAO_member1 had already staked 396 ABAX in the Governor Contract. To meet the 99% requirement, they must add the remaining 396 ABAX within one hour of generating additional tokens. Failure to do so will result in losing their eligibility for both the Airdrop and Raffle campaigns.
TGE Bonuses
To better understand how to take advantage of TGE bonuses, check out this guide.
Abax Referrer Program
This program empowers community members to become active advocates for Abax. The primary objectives set for participants are expanding Abax's reach within the Web3 space, promoting the project to new audiences, and attracting valuable individuals who can contribute to and support the community. In return for their efforts, referrers receive incentives, including a 2% bonus on contributions referred through. The contributor who uses the referral code will get an additional 1% bonus during the minting process.
Zealy Campaign
The Zealy campaign focuses on community education and outreach. Participants engage with educational quizzes and perform social media actions to promote Abax and introduce the project to new community members. Participants earn XP, which translates into a bonus during TGE - every 100 XP equals a 0.1% bonus. Zealy bonuses applies to both TGE and Stakedrop.
Extended Public Contribution Bonus
To incentivize larger contributions during the Public Contribution event, Abax DAO has implemented a contribution-based bonus system. Contributors receive an additional 1% bonus for every 1,000 USDC they contribute during the minting process.
Important Note: The total bonus amount accumulated through all promotional campaigns is capped at 10% to ensure a fair and balanced Public Contribution event.
Stakedrop Campaign
This campaign is based on the premise that Abax Finance Node nominators will receive ABAX instead of the usual staking rewards. The tokens generated through this campaign will be subtracted from the pool allocated for the first phase of token generation, precisely from the pot provided for public contributors.
The campaign began on February 17, 2024, and concluded on July 22, 2024, with a total of 7,500,000 ABAX tokens reserved for participants.
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