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12/31/2021

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BISON COIN ISPO TOKENS DISTRIBUTION THROUGH DRIPDROPZ : EXPLAINED

Bison coin is a decentralised , community powered, meme coin on the Cardano network.

BISON COIN ISPO TOKENS DISTRIBUTION THROUGH DRIPDROPZ : EXPLAINED


Bison coin is a decentralised , community powered, meme coin on the Cardano network.

To help support small single pool operators on the Cardano network gain more reach & ada delegation. We have partnered with 17 single stake pool operators to support the decentralization of the network.

Delegators of our partner pool will earn both ada & bison rewards on every epoch, but they have to claim bison rewards from dripdropz.

What’s dripdropz ?! : -

https://twitter.com/ContactDrip

Drip Dropz is an infrastructure built for Cardano projects to partake in token airdrops & ISPOs in a fair & organized way.

It is created by Cardano community members who care a great deal about the decentralization of the network, well being of single pool operators, & worries of destructive ISPO models.

How exactly bison drip dropz distribution works ?! :-

video explaing how dripdropz works: http://youtu.be/J-QzYEW6ihs

Total 50 trillion ( 5% of circulating supply ) of bison coins loaded to drip Dropz dripping wallet

We are running 2 parallel token distribution campaign at a time.

  1. Blockchain wide flat rate distribution

Delegators of any SPO can claim Bison rewards but at a flat rate of 5 million regardless of delegation amount.

2) Bison partner pools per ada staked for Airdrop amounts.

Delegators of our partner pools are eligible to claim Bison coins from DripDropz on each epoch according to these rules.

For each ada they have delegated they can claim 1 million tokens per epoch,until epoch 320. There is no minimum ada staking limit. Bison is rewarded at this rate for up to 10k ada staked. Making the maximum Bison reward airdop being 10 billion per epoch.

Drip Dropz Faq :

Question:What are the fees & how much ada will I need to claim tokens from DripDropz?

Answer: You will need 3 ada to claim a single projects tokens from DripDropz. You will receive 1.38 ada back with your tokens. Making this a net 1.62 ada transaction to claim tokens from DripDropz (Fees may vary according to network congestion )

Question: Is there any wait time, after delegation to the partner pools, to receive Bison rewards ?

Answer : Yes ,delegators are required to be delegated for at least 2 epochs with the pool to claim token rewards from DripDropz, similar to ada rewards from stake pools.

Question: Is it a claim it or loose it system ?

Answer : You are required to claim tokens each epoch if you would like to receive them or they will be lost.

Question: What do SPOs have to do to participate?

Answer : Nothing on the technical side. It is recommended that SPOs educate their delegators about how Drip Dropz works. The Bison coin community expects more involvement from SPOs in community activities.

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ORIGINAL SOURCE

https://medium.com/@bisoncoin.io/bison-c...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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