how the airdrop for NIOX work? does holding NIO token in any Ethereum address is good enough or it have to be only from MyEther Wallet and Ledger Hardware as stated in the whitepaper. Will Ethereum address from EXODUS wallet work too?
You can hold NIO tokens in any wallet, in which you hold private key. Recommended MEW and Ledger wallet.
how the airdrop for NIOX work? does holding NIO token in any Ethereum address is good enough or it have to be only from MyEther Wallet and Ledger Hardware as stated in the whitepaper. Will Ethereum address from EXODUS wallet work too?
what airdrop are you referring to? there has been no mentioning of an airdrop from the OP if Im not mistaken.
We are distributing NIOX tokens to NIO holders at 1:2 ratio over a period of 1 year. It works as hold to for airdrop model.
To receive airdropped NIOX tokens, existing NIO holders will be required to lock their holdings for a
continuous time period of 338 days, with rewards issued at given milestones, after periods of: 23, 45,
90 and 180 days. NIOX airdrop amounts will increase exponentially over time; meaning that for the
first 23 days, users will receive 5 NIOX for each 100 NIO, which will then scale to 10 NIOX and so
forth. After nearly one year of lock-up, existing NIO holders can expect to receive 50 NIOX for each
100 NIO locked.
The airdrop process will be enacted through a token holder snapshot taken by the NIO team, which
will gauge which addresses receive NIOX tokens. In the event NIO is moved from a snapshot address,
that address will lose the benefit of receiving further NIOX. Locked NIOX tokens will be airdropped to
the original NIO holders upon completion of the NIO lockup phase. This ensures users have the ability
to choose what happens with their own tokens, and retain control over them at all times.
We are expecting snapshot of NIO for NIOX airdrop will be held this month,We will inform you all exact date of snapshot well before it.
