Rainbow Road: Launch Details
With the launch of the Archly Nodes onto new networks, there will be an airdrop of 10 million veArc for each network (Arbitrum Nova, BNB Chain, Fantom, Kava (EVM), Optimism, and Polygon (Matic)). To make this as fair as possible and to get the veArc into the hands of as many users as possible, just like our original Telos airdrop, this airdrop will be limited to the first 164 users for each network that join our Telegram group and complete the Rainbow Road Airdrop form by February 28th, 2023 at 8:00 PM UTC. Each entry will be cross-referenced and checked to make sure there are no duplicate entires and the users must still be in the Telegram group during the cross-reference check.
Since Telos is our home base and will continue to be our primary network of operation, the first 36 that received the original Archly veArc airdrop will receive an airdrop of veArc for each of the six new Archly Nodes. No additional steps need to be taken. So each new network will have 200 veArc that will be locked for 4 years airdropped when the new Archly Nodes are initialized on March 1st, 2023 at 8:00 PM UTC.
In addition to the above airdrop, there will be a veArc worth 1 million Arcs locked for 4 years reserved for the foundation/organization on the networks we are launching to help them engage with the Archly Flywheel and show their support for projects in their ecosystem. They will be reached out to separately after initialization of the Archly Nodes to arrange the details of the transfer of the veArc NFT.
Finally, the team will receive 34 million Arc on each network. 15 million of these Arc will be locked for four years to participate in the Archly Flywheel across all the networks. The remain Arc will be used to create the initial pools on each network, used for marketing purposes, and funding the Rainbow Road.
While the final preparations for initialization and launch of the new Archly Nodes are being made, visit us at https://archly.fi to test out Archly on the Telos EVM.
To recap:
- 10M veArc will be airdropped on each of the new Archly Node networks for the first 164 users to complete the Rainbow Road Airdrop form by February 28th, 2023 at 8:00 PM UTC and the original 36 Telos veArc airdrop recipients.
- 1M veArc will be reserved for the foundation/organization for the new Archly Node networks and transfer to them after the initialization is completed.
- The veArc airdrop will be done upon initialization of the Archly Nodes on March 1st, 2023 at 8:00 PM UTC.
- 15M Arc will be locked by the team on each new network with an Archly Node.
- The remaining Arc allocated for the team will be used for various purposes to help build and grow the new Archly Nodes and the Rainbow Road.
Want to learn more about Archly? Visit our Docs site, follow us on Twitter, and join our Telegram or Discord groups.
