Laika AI, a prominent figure in the realm of AI-driven blockchain solutions, is thrilled to unveil our latest endeavour: the StakeDrop campaign. This initiative marks a significant milestone in fostering collaboration between Laika AI and other pioneering AI projects within the crypto sphere. Among our esteemed partners are AIT Protocol, Codexchain, Octavia, Ispolink, and Zignaly, representing a diverse array of innovative ventures in the AI landscape.
Objective of the StakeDrop Campaign
The primary aim of the Stakedrop campaign is to cultivate a vibrant ecosystem of AI projects. By inviting communities of partner AI projects like AIT Protocol, Codex, Octavia, Ispolink, and Zignaly to stake their tokens, we offer a platform for mutual growth and exposure. Participants stand to earn Points through their staked tokens, which can later be converted to Laika Tokens (LKI) post Token Generation Event (TGE).
How It Works
The mechanics of the campaign are straightforward:
- Token Staking: Community members of our partner projects AIT Protocol, Codexchain, Octavia, Ispolink, and Zignaly stake their tokens through our dedicated StakeDrop webpage (https://staking.laika-ai.io/).
- Earning Points: Staked tokens accrue Points based on duration and amount.
- Conversion to LKI: Accumulated Points can be converted to Laika Tokens, facilitating access to various services and features within Laika AI’s platform.
Staking Details
The campaign offers transparency and inclusivity:
- Minimum Stake: No minimum tokens per wallet.
- Maximum Stake: Each wallet can stake up to $1000 worth of tokens. Although the token value may fluctuate dynamically, once staked, the protocol will lock the token value to remain constant throughout the entire staking period.
- Stake Period: Phase 1 of the Stake Drop Campaign will run from April 26th to May 26th, 2024. There is no lock-up period, and stakers have the flexibility to un-stake their tokens at any time. However, Laika Points will only begin accruing after a minimum of 7 days of staking. The maximum stake period is 30 days, after which no additional points will accrue.
- Rewards Points: There are a maximum of 10K Laika Points up for grab per wallet.
- Laika Points Formula: Points earned = (a/1000)*(b/30)*10000. In this formula:
- 𝑎 represents the value of tokens staked in dollars.
- There is no minimum value for 𝑎. If a=0, no points are earned.
- If 𝑎 exceeds $1000 worth of tokens, it is capped at $1000.
- 𝑏 represents the number of days staked.
- If 𝑏 is less than 7, no points are earned.
- If 𝑏 is greater than 7 and less than or equal to 30, the actual number of days is used for b.
- If 𝑏 exceeds 30 days, 𝑏 is capped at 30
- Opportunity for All Partner Projects: Equal opportunity for all partner project communities to stake and earn.
- Overall Supply Cap: We have earmarked 3% Laika Token supply for the Whole Stake Drop Campaign
Dynamic Incentives
The campaign’s dynamics incentivize early participation and widespread community engagement:
- Increased Participation, Increased Rewards: Projects with more wallets staking tokens receive a larger share of rewards.
- Early Stakers’ Advantage: Early participants stand to gain more rewards, given the supply cap.
Laika AI’s Stakedrop campaign represents a pivotal step towards empowering AI projects and fostering collaboration within the crypto space. By providing a platform for mutual growth and exposure, we aim to drive innovation and propel the AI industry forward into a decentralised future. Join us on this transformative journey towards a vibrant AI ecosystem.
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