phaver

The Phaver Season 2 Airdrop (Phairdrop): Everything You Need to Know

- Duration: 1 month from token launch
- Claiming: Eligible users can claim $SOCIAL tokens in the Phaver app at a later announced time

Eligibility Factors:
1. Points: Redeem Phaver Points for $SOCIAL tokens based on your holdings.
2. Level: Earn credit from connected NFTs and daily activity to level up and increase redemption rates.
3. $SOCIAL Holdings: Hold $SOCIAL tokens across Phaver-connected wallets for a multiplier (up to 60x) on redemption.

Token Allocation Formula:

(Points redeemed x Holder multiplier) / Total season redemptions = Share of 200M $SOCIAL pool (2% of total)

Example:
- Level 5 user redeems 250k Points
- Holds 110k $SOCIAL (Season 1 Phairdrop) for 3x multiplier
- Total share: 750k
- Assuming total redemptions: 750M
- Share: 0.1%
- Season 2 allocation: 200k $SOCIAL

$SOCIAL Holding Benefits:
- Hold tokens in Phaver-connected wallets for benefits
- No token locking is required
- Exchange accounts cannot be connected…