Coreum (CORE) 11th Airdrop Ratio for SOLO holders — Official Report
The Sologenic Development Foundation (SDF) has created the Coreum blockchain for the success of the Sologenic ecosystem. Many capabilities of Coreum have been designed to meet Sologenic’s roadmap and future expansion, for example, the Tokenization of assets, Ultimate cost efficiency of the transaction and a native DEX with the synthetic order book.
Furthermore, SDF has decided to offer the CORE Airdrop exclusively to the Sologenic community and SOLO holders as the initial backers of the project.
Learn more about Coreum and Devnet here.
There are 13 snapshots and 12 distributions scheduled for this airdrop.
According to the schedule announced, the 11th Snapshot was completed at Block Number “75102273” on October 16th, 2022, at 4:00:00 PM UTC.
What’s the total number of SOLO holdings participating in the CORE Airdrop?
After our compliance team’s full review, we’re pleased to announce that there was no discrepancy and the total number of SOLO holdings participating in the 11th CORE Airdrop is:
Total SOLO holdings participated: 223,325,950.1308746 SOLO.
The final Airdrop ratio for the third Snapshot is as follows:
0.034444307 $CORE per each $SOLO participated
The formulas used to calculate the airdrop ratio are as follows:
October 1st to 31st, 2022 Snapshot #11:
(100,000,000 ÷ 13) ÷ 223,325,950.1308746 = 0.034444307 $CORE per each $SOLO holding
A total of 100,000,000 $CORE will be distributed to the $SOLO holders in 2022 every month gradually.
When/How will the CORE Airdrop be Distributed?
Each month’s airdrop will be distributed at the time of next month’s Snapshot at a random date and time to the $SOLO holders.
Since all $SOLO holders on the decentralized wallets automatically have a TrustLine with the Sologenic Gateway (Either by creating the trustline or by obtaining $SOLO through the DEX), they are NOT required to take any action to participate in the $CORE Airdrop.
At the time of the initial $CORE IOUs distribution on the XRPL, all participants must create a trustline with the Coreum gateway to receive the $CORE tokens deposits.
Guidelines for SOLO holders to establish a TrustLine to receive Coreum (CORE) Airdrop
What if you hold your $SOLO on Centralized Exchanges?
$SOLO holders who hold their assets on exchanges will need to periodically check and see if their exchanges are supporting the $CORE airdrop.
WE STRONGLY ENCOURAGE ALL THE COMMUNITY MEMBERS TO CONTACT THESE EXCHANGES AND REQUEST THEM TO SUPPORT THE $CORE AIRDROP TO ENSURE ALL THE SOLOGENIC COMMUNITY MEMBERS WILL RECEIVE THE $CORE AIRDROP.
When/How can I trade $CORE?
Initially, $CORE tokens will be distributed via an IOU on the XRP Ledger. However, once Coreum’s mainnet is launched, users can conduct a token swap through a Gateway designated for the $CORE.
The $CORE tokens can remain and co-exist on the XRP Ledger.
At the time of the initial $CORE IOUs distribution on the XRPL, all participants must create a trustline with the Coreum gateway to receive the $CORE tokens deposits.
Guidelines for SOLO holders to establish a TrustLine to receive Coreum (CORE) Airdrop
How to stay tuned for further updates?
If you wish to receive more updates about the upcoming $CORE airdrop, we suggest you follow @CoreumOfficial and @realSologenic on Twitter.
What is Coreum?
Coreum is a 3rd generation, layer 1 Blockchain built to serve as a core infrastructure of future Blockchain applications.
The Coreum blockchain is simply the solution to improve all current weaknesses and provide developers with an essential infrastructure to build any decentralized app, from DeFi and Metaverse to Gaming & even asset tokenizations, banking & remittances in the financial industry.
Coreum interoperates with existing Blockchains while processing efficient, secure, fast and sustainable transactions. Get more info on www.coreum.com
