Airdrops and Bribes
A total of 100 million BLZZ (10% of the total supply) is allocated to airdrops aiming to incentivize those who use and support the protocol. These tokens are released linearly over 1 year and will be used to target various communities and token holders. The initial GEIST airdrop is including in the 10%. This will also include Curve gauge bribes.
The continuous release means the protocol can continuously re-evaluate where resources can be best allocated to support the protocol. It is by no means aimed to become a recurring weekly airdrops to the communities mentioned above.
This forced gradual release mechanism is done to prevent sudden supply shocks or excessive sell pressure on the token. It also gives us freedom as a community to choose who we should target with our incentives.
Airdrop recipients receive their BLZZ vested, in the same way as BLZZ earned via protocol use. Receivers may choose to pay the 50% penalty in order to receive their BLZZ immediately, or wait for three months to receive the entire balance — while also earning a portion of the protocol revenue.
Airdrops have a limited claim period. When a new airdrop is created, the total claimable BLZZ is temporarily locked for distribution to that specific airdrop. Potential recipients then have one week to claim their BLZZ. Any tokens left unclaimed after this time are released and may be distributed via another future airdrop.