The decrease in the ASTR LST multiplier is intended to prevent excessive looping activities. Our goal is to enhance ASTR’s utility, and this decision will help strengthen ASTR as a separate utility from dApp staking. If LST offers a high yield, there would be little incentive for people to use ASTR. Please consider this in terms of ASTR’s value appreciation.
Sorry for not discussing this before implementation. The timeline was quite tight, as the campaign goes live in just 26 hours from now.
I agree with this choice. I believe that at this stage we must give full focus, visibility and usability to the pure ASTR token and giving an excessively high multiplier to the ASTR LSTs would almost bring a disadvantage to holding ASTR compared to an LST. This phase for ASTR is very important and must be the primary token where we must focus on Soneium. This is my opinion
Where exactly do/will ACS rewards for Astar Surge participants appear? If it’s already added, perhaps putting it in a more visible place would be better for user experience.
excellent, differentiating the points received for those who participated in the SURGE from the current ACS points is very important. So is the date on which the surge points will be distributed (April 1st) already official? because it happens that the community sometimes asks about this)
Let’s proceed with allocating the Campaign Reserve to Astar Expansion Soneium NFT holders. This consists of 5 million ACS, which is 0.5% of the total ACS supply.
Since Astar Collective was part of the Soneium Conquest campaign, and the name “Astar Expansion Soneium” reflects the main narrative of Astar Evolution Phase 1.5, this allocation aligns with ACS’s vision.
Given the limited number of Premium NFTs, we will apply a 10x multiplier to them, while Genesis NFTs will have a 1x multiplier.
The snapshot time will be determined in a few days, but we won’t reveal the exact timestamp to prevent front-running during the discussion.
Wallets suspected of being bots will not be eligible to ensure fairness for the community.
Please consider that premium NFT mint have been heavily boted by about 10-15 wallets who, since then, make a significant amount of money by reselling them on sonova.
It is thus not fair that few people who abused the system get rewarded for that.
I would thus recommande to reallocate Premium share to Genesis NFT holder. In this fashion we do not encourage cheater.
In the case you still want to allocate ACS pts to Premium NFT, please limit it to 1/2100 per wallet holding 1 Premium NFT, black liste holder with more than 1 Premium NFT as mint rule was set as one per wallet then realocate left over to Genesis NFT.
I believe @jay already mentioned clearly that core team would be apply methodology to prohibit bots from making profit out of the allocation. If we announce the methodology publicly, this can be also front-run so I think it’s safer for the core team not to disclose how this will be handled. The idea that you mentioned can be one potential solution, but if we publicly confirm it, bots would be incentivized to sell their excess NFTs in market at cheap price, which will end up in further benefits for bot users.
Core team acknowledges that primary mint has been dominated by bot activities and we are taking into account for the factor.
Hi @cyphernk, @jay
thanks for the precision. It’s good to see that this will be taken into account.
However, it would be much more efficient to annonce that Premium won’t get any allocation. By doing so, you would cut the grass under the feet of bots user since they won’t have anymore value except form collectors while preventing people to purchass Premium at a heafty price by FOMO the ACS allocation (which in turn will fill the pocket of the bots)
I understand your concerns but in that case, we would not be able to reward many users who managed to buy premium NFT in the primary mint despite bot activities, or the ones who bought it in the secondary trade. These users are the ones who are entrusting Astar Collective, and we cannot completely let them down.
We have branded premium collection as premium, and even though primary mint went to the direction that we did not intended due to limitations of our original architecture which core team feels responsibility for, we estimate majority of premium collection holder currently to be real community. These community are entitled to receive rewards as much as non-premium collection holders.
Given we will be announcing allocation of ACS only after the snapshot, I think your concerns of “purchasing at a hefty price” would not be the case. There would be no economic incentive for users to purchase these collections at inflated price post the announcement, as snapshot has been already taken. We won’t see dramatic price reaction until the snapshot announcement as well, given we did not make anything public yet.
The only discussion is happening in forum for this reason.
Furthermore, I reiterate that the snapshot will be taking into consideration to avoid bots massively benefiting from the allocation.
Finally, based on our calculation, the proposed multiplier by @jay is not going to provide excessive amount of reward per holder in any case. To give you the rule of thumbs, 0.5% of total ACS allocation is valued around $19,000 worth of future ASTR tokens at current price (3.8 cents), whereas we have 1,375 unique holders for premium collection and 160k unique holders for non-premium collection.
I am in favor of this, we simply cannot take such a collection out of the incentives that have been mentioned in the beginning.
We saw how actively the community initiated a purchase of said collection on the secondary market, even if we see the token on Sonova, currently there are already fewer units listed.
Hello,
When I looked at the different contracts deployed on the blockchain, I saw there is a Rare edition in addition to the Premium and Common.
I was able to mint an NFT from this edition. Will the Astar Expansion Soneium Rare NFT also receive ACS ?
it seems right now the Astar surge ACS is not displayed in the ACS website, will that ever happen or should we just expect April 1st for the final distribution
Hi Jay, based on your post I can understand that all Astar Expansion Soneium NFT holders will receive an allocation of ACS supply. This also applies to the Rare edition, but when you mention multipliers you are only talking about the Premium and Genesis editions and not mentioning the Rare edition. That’s why I have some doubts and maybe the contract “Astar Expansion: Soneium Edition - Rare (AESER)” was only for test prurpose. Anyway, we’ll see
Changing from the 10x / 1x multiplier application to a 50 / 50 allocation.
There are 156,776 Genesis NFT holders and a 10x multiplier would not be fair to Premium NFT holders, given the rarity of their NFTs.
a 50/50 allocation would mean a 107x multiplier!
2,5M for 1460 holder is ~1710 ACS
2,5M for 156776 holder is ~16 ACS
Considering that bots will be excluded, this multiplier will increase even more…
with current 2100 Premium supply vs 156776 Genesis, a ratio of 75x should be the max (156776/2100) natural multiplier to be fair… (1.75M Premium & 3.25M Genesis)