REF Airdrop for Early Adopters

Ref Finance
3 min readAug 7, 2021

Congratulations to our first group of value users, you are being rewarded with the first million REF airdrop tokens. 🎉

We mentioned in the early post, 3% of the token supply (3 Million REF) will be airdropped to early adopters. As we grow to be 6 months old, the airdrop events will occur over the next 4 months through multiple events to reward early users of our new developed features and early liquidity contributors.

Here is the detail about the first 1,000,000 REF token airdrop:

Airdrop One

The first airdrop releases 1% of tokens to participants with accounts on Ref.finance who took one of the following actions before July 22, 2021.

  1. Provided liquidity to any pool 3 or more times
  2. Swapped more than 7 times on the platform

The token distribution will be split 30–70 between LPs and traders. This means 30% of the tokens will be split evenly between 757 liquidity providers, and 70% will be split evenly among 3,844 traders.

REF Balance for LPs = 300,000/ 757 LPs

REF Balance for Traders = 700,000 / 3,844 Traders

This first airdrop design ensures that all current early adopters were given a fair opportunity to be rewarded in REF. Recipients can view their token allocations here. If you think you have been left out of this airdrop by mistake, please contact us via DM on Twitter @finance_ref and we will double check your NEAR account.

Future Airdrops

Ref Finance is still young, there are quite a few features to be developed and quite a few initiatives to be taken to grow our community. The remaining 2,000,000 REF tokens of the initial airdrop will be used to give more people the opportunity to earn REF tokens and grow the Ref Finance ecosystem in the long run.

Airdrop Claim Process

Our main objective for each airdrop event is to incentivize recipients to become active members of the Ref Finance platform. Therefore the airdrop qualification requires recipients to try the newest Ref Finance features. It also incentivizes participants to pay attention to the website and claim their airdrops soon after they are distributed.

To ensure early adopters are aligned with the long term success of the project, claimed airdrops will remain locked for 3 months from July 22 (until October 22), and then will be unlocked linearly over 1 month.

For each airdrop, the airdrop recipient can claim their full REF allocation within the first 2 months after the airdrop distribution is finished. If no action is taken by the user, the unclaimed airdrop token will be transferred back to the DAO treasury.

Your claimable airdrop balance will appear under your “Account” section, in the next few weeks, and at that time will be accessible through the following link: https://app.ref.finance/account

We will notify when the link goes live on twitter or on the official Ref Finance telegram group.
Telegram: https://t.me/ref_finance
Twitter: https://twitter.com/finance_ref

Conclusion

This airdrop is created to seed the Ref Finance ecosystem with well-aligned participants who will contribute to Ref Finance’s long term growth and dominance in the NEAR ecosystem as a powerful DeFi platform.

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Ref Finance

Ref Finance is the starting point to the NEAR Ecosystem with a leading AMM & a synchronous #DeFi Shard.