If you are too lazy to scroll down and look at the formula, here is what you need to know.
NO NEED FOR MATH HERE - JUST READ!!!
Our algorithm takes into account two sets of parameters that are time-sensitive:
The parameters relative to snapshots
The parameters relative to epochs
Definition of key terms:
1 snapshot = 30 minutes
1 epoch = 1 week
1 epoch = 336 snapshots
Airdrop = 28 epochs/weeks
Take it like a competition
Imagine the epoch is a competition with a scoreboard.
The competition is divided in 336 events – here, snapshots.
You want to score the highest score possible at every event/snapshot for the highest reward at the end of the competition/epoch.
How to score the highest possible?
The formula that computes your score for every event/snapshot looks at the following factors:
The total value of all your portfolios
The total number of copies and their total value
The diversity of networks used to build your portfolios: Ethereum, BNB Chain, Avalanche, etc.
The volume of activities – create, manage, copy, deposit, withdraw, sell all – on Nested
Each event/snapshot lasts 30 minutes, at the end of which scores are written down AND reset to 0 for the next event/snapshot.
Once the 336 events/snapshots of the competition/epoch are over, the formula computes your average score to determine your reward.
So if you were active + used all networks + had a high number of copies + a high total value of all portfolios over the whole competition/epoch – this means that you did well and your reward should be HIGH.
If you did well at the 336 events/snapshots => HIGH REWARD
If you did well at 150 events/snapshots but sucked at the rest => MEDIUM REWARD
If you did well at 10 events/snapshots but sucked at most => LOW REWARD
The Airdrop is a marathon, not a sprint.
I repeat: the Airdrop is a marathon, not a sprint.
THE KEY TO THE AIRDROP IS CONSISTENCY!!
Now go and be consistent with your trades.
For our first users who used Nested before the official announcement of the airdrop, we have something for you!
We dubbed it Genesis: share a prize of 50,000 NST with your fellow Nesters!
The Genesis epoch runs from the 1st day of launch (February 23rd,2022) to the beginning of the first epoch.
Genesis' rewards are then computed according to the formula below:
Rewards for the user j at the epoch k
Total reward to be split between all users for at the epoch k.
Number of users at the epoch k.
Sum of all user scores at the epoch k.
Score of the user j at epoch k
Total value locked (TVL) into Nested dApp by the user j
Number of copies issued from the portfolios of a user j at epoch k
Cumulative value of the portfolios issued from the replication of user j's portfolios at the epoch k
The number of protocols the user j created, managed, or copied a portfolio on (Ethereum, BNB Chain, Avalanche, etc.)
The first epoch starts on the 2nd of May at 00:00 UTC.
Here is the airdrop distribution per epoch:
2 575 000
We decided to change the rules during the 8th epoch. Until epoch 8th, 501,675 NST has been distributed, there are 2,123,325 tokens left.
We will be blunt: airdrop abusers are not welcome!
Depositing funds a few minutes before a snapshot and withdrawing liquidity a few minutes after is NOT fair to anyone – actually, it's a d**k move.
It is not fair to the Nested team that works relentlessly to democratize DeFi, and it is not fair to other true users who deserve to be rewarded for their consistency.
This is why – to avoid this type of behavior – we have decided to increase the speed of snapshots to every 30 minutes.
Only those who are consistent in their trading and who truly come with the idea of community deserve to be rewarded.
We also wish to take the volatility of the crypto market more into consideration, which is also why a single snapshot is not sufficient.
Portfolios that might be worth more than $20 most of the time might drop following a market dump, and therefore miss the snapshot – this too is unfair and we wanted to right that wrong.
This new mechanism solves all the issues just mentioned!
There are 1440 minutes in a day => this makes for 48 snapshots per day.
An epoch lasts one week – or 7 days – and there will then be 336 snapshots per epoch.
Every 30 minutes, users' scores will be computed according to the following formula: