✨Airdrops

The primary snapshot is an on-going event

Airdrops are a central component of the Bonsai DAO ecosystem, encouraging participation and rewarding long-term commitment. These strategic token distributions occur during crucial events in our product lifecycle, specifically during Token Generation Events (TGEs). When a Leaf—a spinout within our ecosystem—transitions into its own DAO, it conducts an airdrop to distribute a portion of its token supply back to $Bonsai holders.

Token Generation Event (TGE)

A Token Generation Event (TGE) marks a significant milestone in the life cycle of a product within the Bonsai DAO ecosystem. It symbolizes the transition of a project from its initial phase as a Leaf to an independent protocol, featuring its own tokenomics and operational independence. This evolution reflects a project's achievement of self-sustainability and profitability, enabling it to contribute meaningfully to Bonsai DAO's broader objectives.

Who is eligible for Airdrops

• $Bonsai holders: The primary recipients of TGE airdrops are $Bonsai token holders. These strategic airdrops enable holders to benefit directly from the success of each DAO, fostering a more interconnected ecosystem and boosting the collective wealth and diversity of the community.

• Protocol Users: Additionally, users of the protocols in their early stages may also be eligible for airdrops. Eligibility criteria for protocol users can vary and will depend on specific participation metrics and contributions to the protocol's growth and usage.

Snapshots and Multipliers

Each Leaf within the Bonsai DAO ecosystem is associated with its own snapshot prior to a potential Token Generation Event (TGE). These snapshots are critical for determining eligibility for airdrops linked to each protocol. To prevent gaming the system, the start of each snapshot is not disclosed in advance and may begin at any point after a Leaf has been announced.

• Ongoing Primary Snapshot: This is a continuous event that records the daily holdings of $Bonsai tokens. Eligibility for airdrops is determined based on the duration and size of $Bonsai holdings.

  • Long-term Holders: Benefit from a higher multiplier, though it’s capped to ensure fairness. To qualify for the maximum multiplier, holders must maintain their tokens for a specified period and still be holding on the TGE day. Exact multipliers and allocation details will be announced later.

  • Engagement Campaigns: Participate in periodic engagement campaigns, known as Garden Seasons, which provide opportunities to enhance your airdrop allocation.

• Migration Snapshot: This special snapshot acknowledges those who migrate early from $UMAMI to $Bonsai by offering an additional token allocation. This snapshot concluded on May 19th, 2024.

The snapshot mechanisms are designed to ensure fairness and reward commitment within the Bonsai DAO community, providing a clear and equitable basis for airdrop distributions as we continue to grow and evolve our ecosystem.