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Amber

Token Symbol:$AMBER Airdrop Size:5,110

Updated: May 26th, 2022:

$AMBER Airdrop Update for $SCRT delegators:

NOT eligible:

- 0% commission validators
- Exchange validators: this includes: Kraken, Huobi
- Corporate validators: this includes: Staked, Chorus One, B-Harvest, Figment, Outlier Ventures, HashQuark

Additional details:

- Minimum $SCRT staked amount is required, but will not be announced
- Staking $SCRT with AmberDAO validator will earn a BONUS Airdrop
- Snapshot date is no longer in May and will not be announced, to prevent gaming

Source: Community Update #1 AmberDAO’s Secret Network Validator is Live!

 

Updated: April 23rd:

Total $AMBER supply: 8888

57.5% or 5110,6 AMBER airdropped fairly to $SCRT stakers.
32.5% or 2888.6 AMBER will be kept for incentivizing DeFi liquidity pools.
10% or 888 AMBER will be kept on a multi-sig wallet for development work, marketing, and future incentives.

Snapshot: May

Airdrop Eligibility
0% commission validators and exchange validators are INELIGIBLE.
AmberDAO validator is coming in the next few days. AmberDAO stakers will receive a boosted airdrop 🚀.
We encourage delegating outside the top 25 validators and to diversifying your delegations to promote network health and security.

Source: Welcome to the Amber Game

Why Amber ?

Secret airdrop season is here, and our team, composed of active OG members of the Secret Network community, has thought of airdropping the first private-by-default store of value token, aiming at scarcity through a low supply, fair distribution, lucrative economic incentives put in place and built-in privacy.

What is a Store of Value?

According to Investopedia: “A store of value is essentially an asset, commodity, or currency that can be saved, retrieved, and exchanged in the future without deteriorating in value. In other words, to enter this category, the item acquired should, over time, either be worth the same or more.”

Same source cited, from an economical point of view: “Scarcity in economics refers to when the demand for a resource is greater than the supply of that resource, as resources are limited.”

How much Amber ?

8888. This is the total amount of all AMBER that will ever be created.

  • 57.5% or 5110,6 AMBER airdropped fairly to $SCRT stakers.
  • 32.5% or 2888.6 AMBER will be kept for incentivizing DeFi liquidity pools.
  • 10% or 888 AMBER will be kept on a multi-sig wallet for development work, marketing, and future incentives.

What to do with Amber ?

In collaboration with other actors of the ecosystem, 3 incentivized pools will be enabled on SiennaSwap, pairing AMBER with SIENNA, sSCRT and BUTT.

Incentives will be evenly distributed to the following pools:

  • $AMBER / $SIENNA
  • $AMBER / $SCRT
  • $AMBER / $BUTT

/WenAmber

AmberDAO’s release will follow the below phases:

  • Snapshot will be taken in May, more info coming soon.
  • Eligible wallets will claim their respective amount of Amber.
  • Soon after the airdrop, SIENNA, SCRT and BUTT pair pools will be enabled with incentives.
  • Much more to follow.

We want to emphasize the nature of this project: This is an economical game, where scarcity will meet demand through the pool incentives and other incoming initiatives such as the One Amber Club 👀.

Airdrop Eligibility

  • 0% commission validators and exchange validators are INELIGIBLE.
  • AmberDAO validator is coming in the next few days. AmberDAO stakers will receive a boosted airdrop 🚀.
  • We encourage delegating outside the top 25 validators and to diversifying your delegations to promote network health and security.

Don’t ape in, don’t dump, don’t go all in… it’s all about fun

 

Original post: March 2nd, 2022:

More details when they become available. For now all we know is that $Amber supply will be fair-dropped to $SCRT stakers.