Colony Airdrop Program.
A first in the entire crypto space, colony 's inclusive vision introduced a new concept: ecosystem farming.
with $cly, we allow our stakers to access the growth of the entire avalanche ecosystem through the airdrop feature of our early stage projects. colony empowers the community for the first time to have a diversified portfolio of early-stage avalanche projects, creating an opportunity that was previously only open to vcs and angel investors.
Source- https://twitter.com/Colonylab/status/1500574788389068802?t=AxmUoXZzkYBo-v5RwDalBQ&s=19
how is it working?
seed/private sale tokens are free!
colony is investing in avalanche early stage projects at the seed/private sales rounds level after extensive due diligence . a portion of the seed/private sale tokens is received by colony at the project's tge and then airdropped these tokens to $cly stakers for free each time the project unlocks the seed/private vetting program .
progress schedules created by early-stage projects are in place to protect the continuity of the projects. unlike launchpad allocations, where you have to buy and share the launchpad token and then purchase the project's ido tokens on the platform , colony offers you seed and private tokens of early stage projects for free.
we're talking about generating an interesting, diversified passive income with free early stage project tokens. as it continues to evolve into an inclusive dao , colony's community members will soon be able to access the deal feed on early-stage projects in our app and vote on interested projects.
missed the airdrop session of a particular project ? colony will protect you. let's say you missed colony's free platypus or dexalot airdrop, keep in mind that more airdrops are scheduled and are yet to come. all you have to do is stake $cly (minimum 50 cly) at least 20 days before the airdrop session takes place .
as mentioned earlier, community tokens are those purchased during seed and private sales, of course there are natural entitlement schemes implemented. on each unlock, colony receives a portion of the token allocation and is then airdropped to its community. please note that in certain special cases, where a project's qualifying time is long and linear, colony accumulates tokens to make meaningful airdrops to its community.
colony's current airdrop program
this is where it gets even more interesting. colony will continue to schedule airdrop sessions for some projects until 2024. and also at private/seed selling prices.
how is this interesting?
let's say you are eligible for 100 tokens for project “x” airdrop. colony purchased the tokens at a private sale price of $0.5 and is airdropping these 100 tokens for free to $cly stakers. now let's say you want to buy this “x” token from the market and its value increases to $5. if you were staking , you'd pay $500 to get 100 "x" tokens, while you could get it for free on colony's platform.
current, early stage projects airdrop schedule:
colony has been on the air for only 3 months but has already invested in more than 12 projects and financed a protocol reaching us$1 billion tvl (platypus). as the deal flow of the avalanche ecosystem continues to expand, colony's portfolio continues to grow with it. airdrop numbers will become more effective in the coming months as colony continues to invest capital in innovative, promising projects with much higher ticket sizes.
below you will see the current airdrop view of the colony. more projects will be added.
the table contains all the information about colony's early stage investments. you'll find the token sale round, price, tge and eligibility information linked to colony's airdrop sessions. regarding projects with very minor repetitive unlocks (linear) over a long period of time, colony is accumulating tokens to make meaningful airdrops to its community. specific airdrop dates will be communicated once set.
current airdrop information
reminders
start and end date – claim:
you can start claiming your tokens right after the “airdrop announcement” is made. regarding the deadline, you have + 6 months until the end of the project's vesting calendar to claim your tokens. beyond this period, you will lose access to these unclaimed tokens. you can start claiming during the qualifying period or claim all the accumulated tokens available to you at the end of the qualifying program.
colony treasure
80% of the tokens are airdropped to the colony's community, while the other 20% is used to expand the colony's treasury to reinvest in other high-potential projects in the future. the 20% will be sold based on community voting when the dao is applied. the community will decide whether and when tokens will be sold and where the capital raised from this sale will be distributed.
My Medium- https://medium.com/@youknowmew
Twitter- https://twitter.com/Colonylab?t=Cx3IQT0ja947RJXJtd3nOw&s=09
what is colony?
colony is a community-driven accelerator that evolves into an inclusive dao to increase avalanche's ecosystem growth. it is backed by a management token: $cly. colony will allocate capital within avalanche on early stage projects, provide liquidity to defi protocols, maintain an index on top avalanche projects, and validate networks through stacking capabilities. the real livelihood and value generated by the colony's investments are diverted back to the community through airdrops, a buyback mechanism and betting rewards.
