Very well written…would we need an estimated cost to the DAO. I surely support the proposal. I would also take a deeper dive into ROI before moving forward
Ye great idea Couch,
would be a great idea to use the airdrop to entice new users aswell as rewarding current holders snd users of bone crusher.
This also look like it could be alot of work for the team to do every month unless it simpler than i think.
But love the idea.
I agree with Frank that we need to dive deeper into the ROI to better understand the potential impact and benefits for the DAO. That said, I have a couple of additional suggestions:
- Lower the Minimum Locked Amount:
Consider reducing the minimum locked amount to 10% of a whale bag (400M KNINE). This could make the campaign more accessible while still encouraging significant participation. - Variable Rewards Structure:
Instead of a fixed percentage, make the airdrop rewards tiered based on the locked amount. For example:
- Lock 40M: 5% airdrop
- Lock 100M: 6%
- Lock 150M: 7%
- Lock 200M: 8%
- Lock 300M: 9%
- Lock 400M: 10%
- Campaign Duration:
I suggest the campaign starts as soon as possible and runs until April 1st (which will be the end of the “main” vesting period. This gives enough time to generate excitement and participation while keeping it concise and impactful.
Lastly, as I see it, the rewards should be based on a snapshot taken at the start of the campaign and apply to all participants who meet the criteria with new locks during the campaign period.
The funds for this should be taken from the airdrop allocation.
Looking forward to hearing everyone’s thoughts on this!
My thoughts on duration is 30 days… To coincide with token unlocks… additional campaigns at each of the next unlocks…
Just my thoughts
Maybe break the percentage down further by locking periods. lower % for 6 months and a higher % as you go up to 12 months locked.
Over all not sure I like the idea.
You had said “ensure each wallet is dropped the correct number of tokens each week.” and my thoughts went to gas costs.
We should be dropping the rewards on the Shibarium side to ease gas fees and encourage use of partner chain tech.
That’s just a first thought upon initial read-through.
I like this proposal even though some of my thoughts are a little self serving and from a slightly different point of view.
There are a lot of holders in K9 or any crypto project that are true believers, but you will rarely see or hear from them.
Air dropping or giving crypto to me should be given to those who put their money where their mouth is. I see a lot of them in this community.
This proposal speaks to them well. Some are able to invest quite more than others, but that does not necessarily mean they believe more in said project.
Anyone can spew away on TG or twitter to farm points for an airdrop, but the block chain will never lie.
Locking for 12 months at this point to me shows commitment to a project well into this cycle and beyond, the airdropped tokens received from this lock would have a higher percentage of being locked themselves.
I understand the marketing aspect of airdropping, but from my experiences your average airdrop receiver from mass or farming airdrops do not hold conviction in that project so they just sell.
And by all means they have a right to do so.
This Locking Required airdrop proposal or something similar to it has more benefit to those whom believe in the future of this project not just in 2025 but well beyond.
Here’s my estimate of what/if (ATM there is 537 people staking or locking) this campaign could cost the DAO, based on $KNINE prices of $0.000009 and $0.0002.
So, what it if over 2/3 the amount of stakers and lockers jump on this campign?
At both price points, I believe the DAO can afford this. It’s crucial for us to attract new users while encouraging existing $KNINE holders to use, learn, and explore the dApp.
I also think it’s especially important to push hard now, as we’re facing a challenging period with the last three months of vested presale tokens being distributed. This campaign could be an excellent strategy to counteract those challenges by driving engagement and stabilizing the ecosystem.
Whether the funds for this campaign come from the sub-DAO marketing allocation, the airdrop allocation, or the treasury, I see this as a worthwhile investment for the growth of K9 Finance and its community.
The numbers are what/if, just for ppl to get an better understanding of what we are talking about:)
Edit: there is set off 70B $KNINE for AirDrop for a period over 2 years. I highly doubt that many ppl would jump on this campaign as shown in my example, but IF it happens and IF the AirDrop is taken from the AirDrop allocation for this year, we still have 35B-4B=31B for other AirDrops to the community.
Very well structured and if implemented can open doors!!
I like it! Sounds like a pretty good plan!
I support this proposal.
I suggest keeping it simple for amount and percentage.
If you add different tiers who will keep track of all the different wallets?
I love the idea. I’m curious to know the cost, and what the treasury has available. I’d love to see some INSANE marketing things in the future.
This proposal is excellent and well-thought-out! Increasing the number of Bone Crusher users by encouraging long-term locking of KNINE tokens will definitely enhance liquidity stability and build confidence in the K9 Finance platform. The outlined benefits, from reduced market volatility to increased token value perception, show a clear path to a stronger, more engaged community.
I especially appreciate the comprehensive plan involving the airdrop campaign, the clear roles of the stakeholders, and the detailed implementation steps. By leveraging both decentralized and centralized exchanges, and promoting through social media and crypto forums, this campaign has the potential to reach a wide audience and attract dedicated users.
The focus on community involvement and support is crucial, and using Dune Analytics for precise execution ensures transparency and efficiency. I’m excited to see the positive impact this initiative will have on K9 Finance DAO’s ecosystem. Great job on putting this together @Couch_Adventures !
nice. support airdrop for lockers
I support this proposal for an airdrop for those who lock for x period. I would also suggest a marketing sub-dao proposal to be made in conjunction with this to maximize the reach to attract new holders.
Just to be clear I am against any burning of air drop coins.
More advertising advantage in doing air drops over burns. This was also “ promised “ to the active users for being active.
Am I just binging selfish maybe. I don’t even know if I qualify or what I would get.
I would rather see it used for advertising purposes than being burned. We could use it for giveaways or other events as a reward.
I say events I then think of hackathon or something like that or sponsorship of something like X VC give aways for anyone talking about Knine. I am sure the Sub DAO can find better ways to draw attention to Knine by giving it away in advertising events.
I think you meant to add this comment to this proposal: Proposal to Adjust KNINE Airdrop Allocation and Implement a Strategic Token Burn - #27 by Frank
This proposal is for a marketing campaign to airdrop KNINE to those that lock a certain amount for a certain amount of time.
I support this proposal
So according to my simple research on Grok (it’s past midnight already) - Gate.io, Kucoin and MEXC have futures trading allowing short-selling of tokens.
Picture this:
Someone short-sells 10B KNINE, takes the money, buys 10B KNINE, deposits it for 6 months, gets 1B KNINE airdrop, nets a lot of Bone in those 6 months and sells 1B KNINE for immediate risk-free profit.
6 months later returns 10B KNINE to the exchange and covers his short position.
0 risk. 10%+ profit guaranteed.
If someone has enough collateral funds to pull this off - they can really f.k the DAO up (pardon my language).
Plus it creates the potential selling pressure from the airdrops.
Smart play would be to fix the 10% profit outright on airdrop.
People are unlikely to invest the 10% as likely it will already not qualify for extra 10% on those 10% so psychologically it will look like a worse choice than original lock was.
And taking a gamble on the future price movement is not the best idea when you can have 10% guaranteed right now - to invest somewhere else on top.
Happy to be proven wrong.
(Sorry for being such negative Nancy tonight. Just looking after interests of the DAO and all its members the best I can).
KNINE does not have any perpetuals markets that allow short selling