Soarchain is a Layer 1 built on Cosmos SDK network that enables a token-incentivized data and connectivity infrastructure for mobility. It provides a platform for developers to build customized smart contracts and dApps specific to the mobility industry, fostering innovation and collaboration.
Step-by-Step Guide:
- Soarchain has announced a 51.4 million SOAR genesis airdrop.
- The airdrop is split across several categories, including ATOM, TIA, and AKT stakers, early community and Zealy participants, testnet users, and validators.
- The allocation for the airdrop is as below:
Category |
Candidates |
Allocation |
Foundation |
Atom |
11.1% (5,700,000) |
Modularization |
Celestia & MilkyWay |
11.1% (5,700,000) |
DePIN |
Akash |
14.8% (7,600,000) |
Early Community |
Soarchain OGs & Zealy |
1.85% (950,000) |
Mobility |
OEM Connections |
11.1% (5,700,000) |
Testnet Users |
Soarchain Mini |
37% (19,000,000) |
Validators |
Testnet Validators |
1.85% (950,000) |
Surprise Network |
TBA |
11.1% (5,700,000) |
ATOM, TIA and AKT stakers will receive the airdrop based on the following eligibility criteria:.
- ATOM stakers
- Minimum of 40 ATOM staked by participants.
- Specific allocation based on a participation score.
- Celestia & MilkyWay stakers
- Minimum staking requirement of 40 TIA and/or 20 milkTIA.
- Allocation also determined by the participation score formula.
- Akash stakers
- Participants must stake a minimum of 50 AKT.
- The SOAR allocation is again calculated based on the participation score.
- The largest portion, 37% or 19,000,000 SOAR, goes to Soarchain Mini testnet users. This is divided into 9,000,000 SOAR rewarded proportionally based on testnet earnings, and 10,000,000 as base rewards for Mini buyers.
- 1.85% (950,000 SOAR) goes to Soarchain OGs who claimed a special Discord role, while Zealy quest participants receive SOAR proportional to their testnet rewards.
- Another 1.85% supply is allocated to compensate testnet validators based on uptime, node operation and governance participation scores.
- The mobility sector gets 11.1% with 950,000 SOAR for Tesla Proof-of-Availability rewards and 4,750,000 as base rewards for pre-integrated OEMs.
- Finally, 11.1% is reserved for a “Surprise Network” to be revealed later. Leftover tokens from the community and Tesla categories will go to Soarchain’s strategic reserves.
- The rewards will be directly distributed to your wallets.
- For more details about the airdrop, visit their official airdrop announcement.
Soarchain is rewarding its native SOAR token through its genesis airdrop. A total of 2.7% (51,300,000 SOAR) of the overall supply is allocated for this airdrop.