Defi Blog, Stabull Project Updates

Magic Store Releases Reward Checker Tool for $STABUL Road to IDO Campaign Participants

Published On: Dec 9, 2024•
Share

Magic Store has finalized details for eligible participants that took part in the Road to IDO campaign conducted on Zealy during October and November, and met the criteria to receive part of their allocation of the $STABUL airdrop.

Participant Review Process

The Magic Store team reviewed all task submissions to ensure compliance with campaign rules.

Participants were disqualified if they failed to:

  • Use the Stabull DEX (by not conducting any swap tasks or providing liquidity).
  • Participate in the social or content creation elements of the campaign.
  • Had more than one account entered into the program, as per their rules specified in Section 7 of their disclaimer.

This rigorous review resulted in the exclusion of many participants, leaving ~1,200 valid participants eligible to share the allocation of 66,666.666666666666666667 $STABUL tokens.

Check Your Eligibility

For eligible participants, the reduced pool size means a larger share of the airdrop! Magic Store have prepared a form here, that you enter your EVM address and email address. You will then automatically receive an email with the details of your allocation and the vesting details for the airdrop.

If your address is missing from the list, please contact the Magic Store team by opening a support ticket on their Discord server. Magic Store have full control over this airdrop, so Stabull team cannot assist in queries relating to this.

Token Distribution Details

The USD value of $STABUL tokens is based on the Public Sale price of $3 per token. Distribution follows the campaign’s vesting rules as outlined on the campaign page:

  1. TGE (Token Generation Event): 30% of tokens.
  2. Two-Month Cliff: No tokens distributed during this period.
  3. Nine-Month Vesting: Remaining tokens distributed evenly over nine months.

Example Distribution Schedule

For earning 10 $STABUL tokens:

  1. On TGE: You receive 3 $STABUL.
  2. Cliff Period (Months 1–3): No tokens distributed.
  3. Monthly Vesting (Months 4–12): You receive ~0.7777 $STABUL per month for 8 months.
  4. Final Month: You receive the balance of ~0.7778 $STABUL, completing the full allocation.

Campaign Highlights & Next Steps

The Road to IDO campaign generated over $2,000,000 in swap volume, thanks to the active participation of liquidity providers and traders.

The next phase of the campaign is already live! Join us on TaskOn for a chance to continue participating in the $STABUL airdrop, which has 10,000 $STABUL tokens monthly and the first allocation being determined at the end of December. It’s a great time to get in early, as we now have a broader range of pools, a reworked liquidity claim based on LP tokens, and our first tokenized RWA in PAXG (Gold)!

There are a variety of tasks to complete, and rewards will continue to favor those providing liquidity or conducting swaps on the Stabull platform.

Thank you to everyone who participated! We look forward to growing with you in the next phase of our journey.

The Stabull Team >:)

Share