We have learned a lot from the Kusama crowdloan. And today, I would like to propose a new whitelist system for the Polkadot crowdloan.
The most important thing is that we distribute Astar Network tokens to people who will contribute to the ecosystem. The key question is that how can we distinguish people who dump tokens and people who contribute to our ecosystem. There was no way to distinguish them before the Kusama auction. However, we will distribute SDN tokens and list SDN shortly. All transfers are viewable on Subscan and other blockchain explorers.
Hence, it is possible to distinguish them if we monitor all addresses and transactions. Here is the way how it works.
- SDN token is distributed to people who join either lockdrop or crowdloan.
- The core team takes a snapshot at the time of X (before the Astar Crowdloan). And the users who hodl SDN tokens at the time of X can be registered in the Astar Crowdloan whitelist and get additonal bonus in Astar tokens.
- Staking SDN is possible but people who transfer SDN to another address can’t be registered in the whitelist.
Again, the main purpose of the Astar Polkadot crowdloan is to distribute tokens to people who contribute to the ecosystem.