veNUT Voting Power Campaign
It’s a special day for Nucleon as we are proud to announce the official Mainnet launch of veNUT and the decentralization of Nucleon. Nucleon is thrilled to announce an airdrop campaign to celebrate the occasion. Let’s jump right into the details.
veNUT Event Details
For this event, users will need to stake their NUT to create veNUT. veNUT represents the voting power users have to vote on proposals presented about the protocol. Nucleon will take a random snapshot of veNUT stakers. The snapshot will be taken randomly between 5/15–5/19. Users will then receive an airdrop of NUT worth 1% of the user’s veNUT voting power.
If you haven’t read our Medium article on veNUT, we encourage you to read it to learn more about veNUT and the power of voting for proposals about Nucleon. Click here to jump to the article.
Here is a quick table to show how much veNUT a user receives when staking NUT:
- 1 NUT locked for 4 years = 1.00 veNUT
- 1 NUT locked for 3 years = 0.75 veNUT
- 1 NUT locked for 2 years = 0.50 veNUT
- 1 NUT locked for 1 year = 0.25 veNUT
Let’s make it plain and simple. The more NUT you stake and the longer you stake, the more rewards you will receive.
Here is the breakdown of the campaign:
What: Airdrop of NUT for users who stake NUT for veNUT. Airdrop is worth 1% of a staker’s veNUT voting power.
How: A snapshot of the staked veNUT will be taken.
When: The snapshot will be taken randomly sometime between 5/15–5/19.
Terms & Conditions for the Event
- No minimum amount of NUT to stake
- The snapshot for veNUT amounts will take place at a random time between May 15th at 8:00 (ET) and May 19th at 23:59 (ET)
- Rewards will be distributed to eSpace wallet addresses (0x address).
- The snapshot will be announced on Nucleon’s Twitter account and Telegram.
- The prize pool will be distributed proportionally to the amount of veNUT staked.
- Nucleon reserves the right to the final interpretation of the activity.
- Nucleon reserves the right to change or modify these terms at its discretion at any time.
- Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
About Nucleon
Nucleon is a liquid staking solution for Conflux PoS backed by industry-leading staking providers. Nucleon lets users stake their CFX without locking assets or maintaining infrastructure.
Our goal is to solve the problems associated with Conflux PoS staking — illiquidity, immovability, and accessibility — making staked CFX liquid and allowing for participation with any amount of CFX to improve the security of the Conflux network.
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