# Airdrop

{% hint style="warning" %}
This is the setup for the current Season 0 and will be discontinued after the current season ends, starting with [Airdrop V2](https://docs.vultisig.com/vult-token/airdrop/airdrop-v2) to further enhance the airdrop experience. Read more about it [here](https://medium.com/@vultisig/vultisig-airdrop-2-0-how-were-transforming-the-experience-f20c146f2f29) .
{% endhint %}

***

Early adopters of the Vultisig wallet security standard are highly valued by the project, so Vultisig wants to give back to these high conviction members.

The future $VULT airdrop will be proportionate to:

$$
vault\_asset\_value\*time\_in\_vault
$$

With the distribution date of 12 months after registration goes live.\
See further calculation [here](#airdrop-process).\
\
Users will receive full information about how to register for this airdrop in the coming weeks.

***

## Airdrop Process

To register their vaults for the Airdrop, users send their exported Vault public Keys to an Airdrop Registry, which will scan for presence of funds on chains, and then begin counting airdrop value.\
**See the exact instructions** [**here.**](#how-to-register-for-the-airdrop)\
\
This will include most actions performed in Vultisig (like bonding to nodes and staking, etc.).

A new scan will be performed each cycle (day), and the user airdrop value accumulates in form of VULTIES (Points).\
Users that keep the funds the longest in Vultisig will earn the highest airdrop value.

$$
user\_VULTIES += $\text{total\_vault\_value}
$$

The final share of the Airdrop is the pro-rata share of the airdrop allocation.

$$
\text{user\_airdrop\_share} = 1,000,000 \times \left( \frac{\text{user\_VULTIES}}{\text{total\_VULTIES}} \right)
$$

<figure><img src="https://644481292-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FfSRUQVZENEfvoqS6R0GO%2Fuploads%2Fgit-blob-fc2ed702cc9f4069d511163263e59877d9c947db%2Fimage%20(14).png?alt=media" alt="" width="375"><figcaption></figcaption></figure>

### Eligible assets

Assets must have a dollar value from an external provider in order to accumulate VULTIES (airdrop points).\
Supported Assets are:

* L1 tokens supported by Vultisig
* Tokens supported by 1inch and displayed on the airdrop website
* BASE.WEWE
* WEWESWAP LP
* THORChain Bonds, LP(dual and single), RUNEPool, Savers
* MAYA Protocol Bonds, LP(dual and single)
* vTHOR
* TGT stakers
* Staked TON

### Initial Airdrop

The initial Airdrop is 5,000,000 $VULT, which will be distributed after the first year. After which, all public keys are purged and a new airdrop period begins.

### Ongoing Airdrop

The Ongoing Airdrop Process will continue for another 5 years, and the dedicated supply of $VULT will be airdropped on the anniversary of the token launch every year.

***

## How to register for the airdrop

1. [Export](https://docs.vultisig.com/app-guide/vault-management/vault-qr) the Vault QR of the Vultisig Vault\\

   <figure><img src="https://644481292-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FfSRUQVZENEfvoqS6R0GO%2Fuploads%2Fgit-blob-f2d4dc276dbe31bb47e5f82d737882ef05c004e2%2FVultisigQR-Main%20Vault-828.png?alt=media" alt="" width="188"><figcaption></figcaption></figure>
2. Connect to the [airdrop](https://airdrop.vultisig.com/import) page with your [Vultisig Extension](https://docs.vultisig.com/ecosystem/vultisig-extension) or by uploading your Vault QR\\

   <figure><img src="https://644481292-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FfSRUQVZENEfvoqS6R0GO%2Fuploads%2Fgit-blob-3148b6c22e24f62792ff2a799166a0083f1e805d%2Fimage%20(11).png?alt=media" alt="" width="375"><figcaption></figcaption></figure>
3. Join the Airdrop with your connected Vault with clicking `Join Airdrop` on the website\\

   <figure><img src="https://644481292-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FfSRUQVZENEfvoqS6R0GO%2Fuploads%2Fgit-blob-fc2ed702cc9f4069d511163263e59877d9c947db%2Fimage%20(14).png?alt=media" alt="" width="188"><figcaption></figcaption></figure>
4. Go to the `Balance` tab and enable **ALL a**ssets you want to have counted towards the airdrop
5. Earn VULTIES (Airdrop points) and track the leaderboard
6. Register multiple Vaults

{% hint style="warning" %}
You need to enable all Chains and Tokens you want to have counted towards the airdrop once!
{% endhint %}

***

## Airdrop point multiplier

In order to make the Vultisig Airdrop more game-like and to further increase the possible reach of the Vultisig Airdrop, we will introduce more possibilities to multiply the already collected airdrop points.

The multiplier will accumulate, similar to the VULTIES (airdrop points) and will be calculated at the end of the airdrop phase to get the complete airdrop share.

This gives the opportunity to increase the personal multiplier over the course of the ongoing 12 month Airdrop without affecting the VULTIES.

The multiplier will start at 1 and will increase depending on the activities and programms, set by the Vultisig team.

### How to increase the Multiplier

At the heart of the Airdrop multiplier is the [Referral Program](#referral-program).

{% hint style="info" %}
There will be special programs and opportunities to increase this as the airdrop progresses. They are listed below.
{% endhint %}

#### Referral Program

Vultisig team has built a [Telegram bot](https://docs.vultisig.com/help-and-legal/vultisig-bot) to easily invite friends and track the referred people.

* Invite people
* Let them install Vultisig
* Funding the wallet with at least $50 of assets
* **Increase your referral count and airdrop share**

**The referred people will have a strong impact on the multiplier.**

## Privacy

{% hint style="warning" %}
Do not register for the Airdrop if you do not wish for your public keys to be sent to the Airdrop Registry.\
Note, after the Airdrop has finished, your public keys will be purged. No other user information is collected.
{% endhint %}

Read the [Privacy Policy](https://docs.vultisig.com/help-and-legal/privacy)