$BULL token airdrop for $SHLD holders
$SHLD holders will receive an airdrop of $BULL tokens at 10000:1 rate (10000 $BULL tokens for 1 $SHLD token).
Note: the rules were modified according to $BULL airdrop update.
To participate, you need to hold $SHLD in the period from May 25, 13:00 UTC to June 3, 13:00 UTC (9 days).
- We will take a snapshot of $SHLD balances at a random time during the airdrop period.
- We will list $BULL on Uniswap on June 8, 13:00 UTC.
- Every $SHLD holder will be eligible to receive $BULL, including those who buy on Uniswap.
The airdrop will have 5 stages:
- Each stage will drop 18% of $BULL’s total supply.
- Each stage will start 30 days after the previous stage.
- Each stage will finish 2 days after the start.
- First stage will start on June 4 at 13:00 UTC and finish on June 6 at 13:00 UTC.
10% of $BULL supply will be reserved for community contests to promote the token.
Token features
- Collectible clothes NFT (like Unisocks) — $BULL holders will receive access to the distribution of collectible clothes NFT. They will be able to trade the NFT or claim the physical clothing item. Claiming the NFT will reduce the circulating supply of NFT tokens. The details of the distribution will be announced later, but one thing is certain —the NFTs will be distributed only to $BULL holders.
- Alpha Access to the products of Shield Finance — $BULL holders will receive access to Market Crash Protection earlier than others, so they will be able to start protecting their capital sooner. In order to receive Alpha Access, they will need to hold a minimum of 1000000000 $BULL tokens.
- Decreasing supply — every transaction will have a 0.1% fee which is burned, so the circulating supply constantly decreases. $BULL token will be deflationary.
Summary: Alpha Access + upcoming NFT distribution + decreasing supply.
Token economics
- Total supply: 9691630000000 (equal to $SHLD supply * 10000).
- Circulating supply: distributed to $SHLD holders in 5 stages at 18% increments + 10% reserved for community contests.
- Unclaimed supply: burned (it’s possible that some $SHLD holders won’t claim $BULL; the unclaimed tokens will be burned).
- Token type: utility (provides alpha access to Shield Finance products and to collectible clothes NFTs distribution).
- Token emission: deflationary (0.1% fee on each transaction).
How to receive $BULL
- Hold $SHLD during the distribution period (see above). Note that each stage will have its own distribution period.
- Go to our website.
- Click “Claim $BULL”.
- Input the addresses where you hold $SHLD.
- Click “Confirm”.
- Sign the transaction.
That’s it! Your $BULL tokens will be deposited to the same addresses where you are holding $SHLD tokens.
About Shield Finance
Shield Finance ($SHLD) is a multi-chain DeFi Insurance Aggregator that allows users to buy protection against major market crashes due to hacks, exploits, rug pulls, sell-offs, and other black swan events. We are currently integrating multiple insurance providers to provide our users with reduced slippage and expansive coverage.
For any questions about Shield Finance, please reach out to us on:
Website: shieldfinance.io
Telegram: @ShieldFinanceHQ
Twitter: @ShieldFinance
Reddit: r/ShieldFinanceHQ
Medium: @ShieldFinanceHQ
