Here is what you need to know about the Kraken socialized distribution system:
To ensure a fair and simplified distribution of the Flare (FLR) airdrop to our users, Kraken will distribute 100% of the FLR airdrops to Kraken clients in the following method of distribution:
Every 30 days, Kraken will distribute the FLR airdrop to clients who have staked during the 30 days.
The airdrop will be distributed proportionally to the amount and the length of time you were staking FLR.
The distribution calculation will reset every 30 days after each airdrop, ensuring that clients will only receive the airdrop for the 30 day period in which they had staked FLR.
For example, if an airdrop occurs on the 15th of March and you staked FLR on the 10th of March, but unstaked on the 14th of March then you will receive a portion of the airdrop for staking between the 10th and 14th of March, but you won’t receive any further airdrops unless you re-stake.
Please note that the airdrop distribution is separate from the staking rewards. As such, Kraken will continue to payout the staking rewards each week, while the airdrop will be distributed shortly after its distribution on-chain each month.
| Airdrop accumulation dates (2023) | Expected distributiondate (2023) |
|---|---|
14th February - 17th March @ 12:00 UTC | 7th April |
| 17th March - 16th April @ 12:00 UTC | 16th April |
| 16th April - 16th May @ 12:00 UTC | 17th May |
| 17th May - 16th June @ 12:00 UTC | 16th June |
Definitions:
Airdrop Accumulation Dates - Dates you would have had to have been staked in order to receive a portion of the airdrop.
Dates Distributed – Date we distributed the airdrop to clients.
Useful link: https://flare.network/fip01/
I am an enthusiast deeply immersed in the intricacies of blockchain technology and decentralized finance. My understanding of the subject matter extends beyond surface-level knowledge, evidenced by a keen awareness of the latest developments and a thorough comprehension of the concepts surrounding token distributions and staking mechanisms.
Now, let's delve into the details of the Kraken socialized distribution system for the Flare (FLR) airdrop, a fascinating and intricate process designed to ensure fairness and simplicity in distributing tokens to Kraken clients.
1. Socialized Distribution Method: Kraken employs a socialized distribution system to allocate 100% of the FLR airdrops to its users. This approach is crucial for achieving a fair and simplified distribution process, contributing to the overall transparency and integrity of the platform.
2. Airdrop Distribution Frequency: The distribution of FLR airdrops occurs at regular intervals of 30 days. This timeframe serves as the basis for calculating and allocating airdrop rewards to clients who have staked FLR during the specified period.
3. Proportional Distribution: The distribution of FLR airdrops is proportional to both the amount and the length of time clients have staked FLR. This means that users who stake a larger quantity of FLR for an extended duration will receive a proportionately larger share of the airdrop.
4. Resetting Calculation Period: To maintain fairness, the distribution calculation resets every 30 days after each airdrop. This ensures that clients only receive airdrops for the specific 30-day period during which they had staked FLR. In the provided example, staking between the 10th and 14th of March would result in an airdrop share for that period.
5. Airdrop Accumulation Dates: The concept of Airdrop Accumulation Dates refers to the specific dates on which clients must have staked FLR to be eligible for receiving a portion of the airdrop. These dates are crucial for users seeking to participate in the distribution process.
6. Airdrop Distribution Timeline: The dates listed under "Expected distribution date (2023)" indicate when Kraken will distribute the FLR airdrop to clients based on the corresponding accumulation periods. These dates ensure transparency and allow users to anticipate the distribution schedule.
7. Separation of Airdrop and Staking Rewards: It's essential to note that the airdrop distribution is distinct from staking rewards. While Kraken continues to pay out staking rewards weekly, the FLR airdrop is distributed shortly after its on-chain distribution each month.
For those seeking further details, the provided link () directs users to valuable information regarding Flare's Improvement Proposal 01 (FIP-01), offering additional insights into the platform's governance and decision-making processes.
