CHO Retrodrop Program Launch
As a thank-you for your long-term support Choise.com launches the Retrodrop Program to reward CRPT holders and users of the Crypterium App.
3% of the CHO total supply will be distributed to the community within the One-time Drop, including:
- 2% (20 mCHO) — Retrodrop based on the CRPT holding snapshots during 2021;
- 1% (10 mCHO) — Retrodrop based on the crypto2fiat transactional activity during 2021.
Both Retrodrops will be distributed in equal batches, at the end of each 90-days period. A lock-up period for each batch is 12 months after its distribution upon completion of each 90-days period. A 6-month linear release follows the lock-up for all batches.
Example: if you are allocated with 1000 CHO for your CRPT holdings in 2021, you will get 250 tokens at the end of the 1st 90-days period within the 1st batch distribution. This amount will be locked for 1 year and linearly released over the following 6 months. Rewarded tokens will be available for claiming in a special section in the Crypterium App.
Important note about Retrodrop based on the CRPT holding snapshots during 2021: user should have no less than 70% of the average amount of his CRPT holdings in 2021 in a 90-days period to be qualified for a 90-days batch. Therefore if your average amount of CRPT holdings was 100 tokens in 2021, you should have a minimum of 70 tokens for the period from the program’s start plus 90 days to be qualified for the 1st batch distribution.
Important note about Retrodrop based on the crypto2fiat transactional activity during 2021: the 1st 90-days period batch will be distributed to users whose average CRPT balance was more than the minimum between 500 USD equivalent or 1000 CRPT during the 1st 90-days period from the program’s start.
How the personal allocation was calculated?
It was calculated according to the following formula: user’s total volume of crypto2fiat operations in 2021 related to the total volume of crypto2fiat operations in 2021 made by this group of users multiplied by the reward amount allocated to Crypto2fiat tx retrodrop
We have selected a group of users with the highest rates of CRPT holdings and crypto2fiat transactional volume. Key numbers to emphasize:
- 40 242 640 CRPT were held on average during 2021 in Crypterium wallets (~50% of the circulating supply);
- 31 006 CRPT holders with >1 CRPT average holdings for 2021 in the Crypterium App are eligible for the airdrop;
- 1 298 CRPT is an average amount of holdings during 2021 that belong to an average user who is eligible for the retrodrop;
- 645 CHO, is an average retrodrop amount for an average user who is eligible for the retrodrop;
- 10 000 users with the highest crypto2fiat transactional volume for 2021 will be eligible for 10m CHO.
Check the table 👉 HERE 👈 and find out the amount of CHO tokens allocated for you!
One-time Drop starts on May 15th and the 1st 90-days batch distribution is expected to be held on August 15th. So you’ve got plenty of time to make sure that your CRPT balance is no less than 70% of the average amount of your CRPT holdings during 2021 to get the allocation for Retrodrop based on the CRPT holding snapshots and fund it if necessary. Or you could try to make your CRPT average balance for the following 90 days more than the minimum between 500 USD equivalent or 1000 CRPT to get rewards within Retrodrop based on the crypto2fiat transactional activity during 2021.
Ongoing Airdrop Program
Another special program also starts soon providing powerful rewards for new and current users who want to follow Choise.com on its way to DeFi mass adoption.
0.8% of the CHO total supply will be distributed to the community in the 1st year, including:
- 0.4% (4 mCHO) — ongoing cashback for the crypto2fiat transactional activity in the Crypterium App;
- 0.3% (3 mCHO) — ongoing rewards for CRPT holders allocated once the CRPT tokens are deposited;
- 0.1% (1 mCHO) — ongoing rewards for other activities.
In the 1st two cases rewards are linearly released over the following 24 months after the deposit period ends. In the last case deposit/lock/distribution varies depending on the activity.
6.2% of the CHO total supply will be distributed to the community in the 2nd+ years.
Follow the news — terms, conditions, launch dates of Ongoing Airdrop Program to be announced!
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