CYBEX launched the airdrop event - Hold DOT and Lock up CYB to Receive KSM on July 18. Now, CYBEX will launch KUSAMA IOU asset airdrop on July 30 12:00, opening KSM/USDT trading pairs. Users can make a transaction in real time once he/she receives the airdrop. The snapshots of the account will be taken on July 30 00:00, and the airdrop will be released based on the snapshot data. Specific rules are as follows:
Time for taking the snapshot: July 30, 2019 00:00
Time for releasing the airdrop: July 30, 2019 12:00
Trading Pairs: KSM/USDT
Time for opening trading pairs: July 30, 2019 12:30
Time for locking up your CYB: July 29, 2019 - December 31, 2019
Lock up Period: from the date of locking up your CYB to December 31, 2019
Lock up Rule: One DOT = lock up 10,000 CYB
Airdrop Rule: In Kusama Airdrop event, take a snapshot on July 30, 2019 00:00. Airdrop KSM according to 1:1 based on a smaller one between “the number of DOT in the account” and “lock-up amount of CYB/10,000”. If the lock-up amount of CYB is more than 1,000,000, airdrop KSM according to 1:1 based on the number of DOT in the account.
If A has 3 DOT and locks up 50,000 CYB, A receives KSM: 3*1=3.
If B has 3 DOT and locks up 10,000 CYB, B receives KSM: 1*1=1.
If C has 400 DOT and locks up 30,00,000 CYB, C receives KSM: 400*1=400.
1）If Kusama changes the airdrop rule, CYBEX will adjust the event based on it.
2) Users, who locked up CYB before the official airdrop time of Kusama, can receive the airdrop.
3) CYBEX will charge for 10% airdrop benefits as processing fee.
Users, who lock up their CYB to December 31, 2019, can enjoy the benefits from all benefit events in Polkadot ecosystem which are supported by CYBEX.