Check your Season 1 points here -
MDAI Season 1 Points
Points will be converted to $MDAI and claimable on the 7th
May
Airdrop Season 1 will conclude on the 5th May. Airdrop 2 begin
on the 5th May 2024 and run until 6th September 2024.
User points from Airdrop 1 will be converted to MDAI tokens and
claimable on the 7th May at approximately 11.00am UTC at
claim.mode.network
The top 2,000 wallets by points will receive 50% MDAI at launch
and 50% MDAI after 90 days. User assets must stay in the
ecosystem through this period to earn the second tranche of
tokens and this will be assessed on a pro-rata basis. For
example if a vested user exits after 45 days they will receive
50% of the second tranche of tokens and 50% will be forfeited.
Any tokens forfeited will be reallocated to other participants
in Airdrop 2.
There will be a minimum amount of points required to qualify for
the airdrop to reduce sybils.
Users will have 30 days to claim tokens from Airdrop 1 and
unclaimed tokens will be allocated to future rewards for users
and developers on Mode AI.
Users who participated in Airdrop 1 and continue to participate
in Airdrop 2 will receive a significant multiplier.
FAQ - Season 1
How do I claim MDAI?
You will be able to claim MDAI from
claim.mode.network
on the 7th May. Exact times will be shared closer to the
launch date.
Please be vigilant and do not click on any links from 3rd
parties. The official link will be posted on the Mode AI
Dashboard.
Is there a minimum amount of points needed to claim an
airdrop?
The minimum points needed to qualify is 250 points
Any user that had pre-check points but did not bridge to
Mode AI did not meet the minimum requirements
How long do I have to claim my MDAI tokens?
Users have 30 days to claim MDAI tokens from the initial
claim date.
How do I know if I am in the top 2000 wallets and have 50%
vested tokens?
Users with vested tokens can visit the Mode AI Dashboard on
the 7th May and will see claiming instructions for the first
50% and instructions for the claiming the second vested 50%
tranche will be released very soon.
If I have vested Mode AI and I bridge off Mode AI will I
forfeit all my MDAI?
If a user has vested MDAI tokens they will only receive the
full amount for the vested tranche if they keep assets on
Mode AI. Assets on Mode AI/TVL snapshots were taken on 29th
April and 2nd May. If a user bridges off Mode AI during the
vesting period they will receive a pro-rata amount of tokens
based on the time and assets on Mode AI during the vesting
period. Examples: A user that bridges off Mode AI at the
start of Season 2 and does not bridge back will forfeit
their vested tokens. The tokens forfeited will be added to
the total tokens available for Airdrop 2. A user that keeps
their assets on Mode AI for 45 days and then bridges off
Mode AI will receive 50% of their vested tokens. A user that
keeps their assets on Mode AI for 45 days and bridges off
for 22.5 days, then bridges back their assets for 22.5 days
will receive 75% of their vested tokens.
If I have vested tokens and I bridged off Mode AI in Season
1 and now have a smaller amount of assets on Mode AI what
will be the asset base for the vesting period?
Ongoing Snapshots have been taken of the top wallets during
Season 1. If a user bridged off Mode then they may not
receive the full vested amount of tokens. Users can bridge
back at anytime to be eligible through the vesting period on
a pro-rata basis.
If I have vested tokens are you tracking TVL in $ on Mode
or the balance of assets in a wallet on Mode AI?
For users with vesting we track the assets in a wallet
overtime. If a user is active onchain and does not move
assets to another wallet or bridge off Mode then they will
receive their full vesting. If not they will receive a
pro-rata amount.
