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Quicksilver Protocol

Token Symbol:$QCK Airdrop Size:100,000,000

Updated: August 29th, 2022:

- 102.7 million $QCK will be gradually distributed to stakers of all onboarded zones
- First #airdrop is for $ATOM $JUNO and $OSMO stakers, and possibly $STARS
- 5% of $QCK will be available instantly, to unlock the rest see missions below

The $QCK #Airdrop will be gamified to ensure that there is as much overlap between the protocol's users and the Quicksilver community as possible.

You will need to complete tasks to claim full airdrop allocation

Tasks to unlock the rest of $QCK airdrop:

- Stake $QCK: 10%
- Signal intent on the Protocol: 5%
- Liquid Stake Assets on the protocol: 52.5%
- Participate in Governance on the Quicksilver chain: 10%
- LP with your qAssets on a DEX to unlock 17.5% of the Airdrop

IMPORTANT: Per @quicksilverzone:

"Quicksilver's airdrop requirements will not be released... "

Based on recent Twitter Spaces with @quicksilverzone founders and @Figment_io team additional #alpha:

- Mainnet Launch Monday, Sep. 5
- 25 spots still open for validation
- If @StargazeZone prop #44 passes, $STARS will be onboarded and part of Genesis Airdrop

Original post: May 3rd, 2022:

Quicksilver will hold an airdrop for every zone onboarded onto the protocol. The airdrop quantities will be determined based on more than just amount staked — How users stake, such as actively participating in governance and choosing decentralized and performant validators, will be rewarded. In order to unlock the QCK rewards, users will have to use the protocol, as a key part of the Quicksilver design is to ensure the decision power of the protocol is in the hands of its community.

Source: Airdrop Wat?

The Basics

Over 50% of the Genesis supply will be going to airdrops, meaning users will receive over 100,000,000 Quick (QCK) tokens. The airdrops will go to the accounts that are staking on any given chain onboard and are on the snapshot. The first airdrop will take place at Genesis.

The Genesis drop will not be the only one, however. The Quicksilver team has allocated a percentage of the ongoing inflation emissions to an incentives pool, and so stakers of zones that will be on-boarded at later dates will also benefit from airdrops. This means that even the stakers of chains that do not exist yet will be able to receive a Quick airdrop.

One of Quicksilver’s core tenets is community. The Quicksilver team believes that the protocol should be in the hands of those who use it. Over time, the team sees this community evolving and growing. Therefore, to prevent early birds from being the main beneficiaries of the airdrops, Quicksilver airdrops will be continuous, in the hopes of a more even distribution of assets among holders.

Airdrop Structure

The amount of tokens airdropped into each account will not be solely determined by the amount of stake that account has. There are several considerations that will factor into this, such as the way a user stakes. To prevent people from gaming the airdrop, the exact equation won’t be revealed, but keep in mind that Quicksilver values decentralization, governance, and community participation.

The goal with an airdrop like this is to support decentralization, promote participation in Cosmos governance, and make sure this airdrop is as fair as possible. Quicksilver will not be giving any preferential treatment to any validator, and airdrop amounts will be solely determined by a formula that considers validator performance and decentralization. All validators will be subject to the same rules, with the exception of centralized exchanges, which will be excluded entirely from the airdrop.

The Quicksilver (QCK) Token

The QCK token was designed for on-chain governance, paying transaction fees, incentivizing good practice, and rewarding staking participation on both the Quicksilver chain and on others in the Cosmos. The Genesis supply will be 200 million tokens, with a total maximum lifetime supply of 1 billion. Read more about the QCK Token here.

Stay in touch

The initial Quicksilver testnet will be launching end of Q1–2022, followed by incentivized testnets in Q2 — Follow our social channels to stay up to date on our latest news, airdrops, and events.