INS Token Airdrop Rules for April-June 2018 Changed: New Token Buyers Can Also Get Airdrop!

airdrop blockchain crypto cryptocurrency ins-ecosystem-updates

Dear INS Ecosystem Supporters,

We would like to express our sincere gratitude to all of you, for your interest and trust in the INS Ecosystem project.

We listen to our community, so after many requests, we have decided that faithful INS supports, who weren’t aware of the INS project at the token sale stage and bought INS tokens on exchanges after the token sale end, also deserve their stake of the airdrop.

This means that after 3 successful monthly airdrops, the rules for distribution of the remaining 600,000 INS tokens will change:

Instead of the planned 200,000 INS monthly airdrops for the token sale participants on April 30, May 31 and June 30, we’ll do a single distribution of all the remaining airdrop tokens (600,000 INS) on July 2, 2018. This distribution will take into account ALL INS TOKEN HOLDERS, INCLUDING THOSE who didn’t buy during the token sale and PURCHASED TOKENS LATER.

To get the INS token airdrop, hold your INS tokens on your personal wallet or purchase more on exchanges and send them to your personal wallet!

Please mind that WALLETS ON EXCHANGES (Binance, OKEx, etc) are NOT ELIGIBLE for the airdrop. ONLY PERSONAL WALLETS are ELIGIBLE for the airdrop. DO NOT KEEP your INS tokens on an exchange if you want to get the INS token airdrop.

New INS Token Airdrop Rules Summary:

• ​The INS token airdrop is free and you don’t need to pay anyone to receive it. Hold your INS tokens or buy and keep them in your personal wallet to maximise your stake!

• All INS token holders (excluding team and advisors) are eligible for the INS token airdrop, INCLUDING those who didn’t participate in the token sale in December 2017

• ​​The total number of the INS token airdrop for Apr-Jun 2018 is 600,000 INS

• ​The Airdrop will be distributed on July 2, 2018

• ​All eligible INS token holders’ addresses will be given “stakes” based on the balance of INS tokens that will be scanned on a daily basis at a random time

Stake calculation

The airdrop stakes will be calculated based on token balances during the 3 months — from April 1, 2018 to June 30, 2018.

​The exact number of INS tokens that an airdrop participant will receive is calculated as follows:

  • (Stake of a participant) / (Total sum of stakes of all participants) x 600,000 INS
  • Each stake will be calculated based on the average daily balances during 3 months since April 1.
  • INS token balance on June 30, 2018 should be more than zero. Wallets with a zero balance of INS Tokens on June 30, 2018 will not be eligible for the airdrop.

Example of daily balance calculation

  • April 01, 2018: Balance = 1,000 INS
  • April 15, 2018: Purchased 500 INS → Balance = 1,500 INS
  • April 20, 2018: Sold 1,500 INS → Balance = 0 INS
  • May 10, 2018: Purchased 1,200 INS → Balance = 1,200 INS
  • June 30, 2018: Balance = 1,200 INS

How the stake calculation works:

*Total number of days from April 1, 2018 to June 30, 2018

Follow us on social media and our announcement channel on Telegram to keep up with the news!

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INS Token Airdrop Rules for April-June 2018 Changed: New Token Buyers Can Also Get Airdrop! was originally published in INS Ecosystem on Medium, where people are continuing the conversation by highlighting and responding to this story.

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