Churn baby, churn….Airdrop #3 & #4

Airdrop 3 Update

Fellas, not with us and our beloved community ;)
We know who you are!

We have noticed cases where a certain group were creating numerous wallets to claim multiple airdrops. We have very strong indications that airdrop 3 has been compromised by a group of people attempting to game the airdrop system by repeatedly swapping small amounts to gain a larger airdrop. To prevent the large scale dumping by a small handful of users (we see you!) and make it fair for the rest of the community, the rules for airdrop #3 have been adjusted to the following:

• The first 10,000 unique users to have swapped a minimum $1 on MilkySwap will be airdropped 30 tokens each.
• EDIT: As of April 2 at 11am CET we are officially closing airdrop #3. We are excited to say that we have more than reached our 10,000 unique address limit. These tokens will be distributed right before airdrop #4 so that you can put them to use in our churning mechanism for airdrop #4! Please know that having swapped prior to this time stamp does not automatically guarantee your allocation. Thank you very much to everyone who participated in swapping the past few days and we look forward to our launch of churning and airdrop #4 which is right around the corner!!
• The remaining airdrop allocation that was geared towards airdrop 3 will be shifted over to airdrop 4.

These changes were done with consultation and consideration of our long-term community members. We appreciate your understanding on this issue and deeply apologize for the confusion this may have caused.

But now to the gooooood part…..

Airdrop 4: Churn That MILKY!

We would like to announce our next and for now final airdrop.

With $CREAMY coming around the corner, we would like to incentivize our users to lock their $MILKY tokens in exchange for $CREAMY, our governance token. This requires a considerable degree of commitment from our users, alleviating the issues and vulnerabilities posed by our previous airdrops.

For this airdrop event, we will be airdropping up to 1 million $MILKY tokens towards those who churn their $MILKY tokens for $CREAMY. The amount of airdrop received will primarily depend on both the length of time you locked your $MILKY and how much $MILKY you’ve committed. There are only two applicable churn times that will make you eligible for this airdrop: 2 years and 4 years.

If you choose to lock your $MILKY tokens for two years after March 31 2024, we will match half of your $CREAMY holdings.

If you choose to lock for the maximum time of 4 years after March 31 2026, we will match it with 100% of your CREAMY holdings!!

Remember: These two churn times are the only applicable churn times. The rewards are only as stated above. For Example: If you are to churn for 3 years, you will still only receive 50%. If you are to churn for less than 2 years, you will receive 0%. If you churn for the maximum of 4 years, you will receive 100%!

Once we release churning, the fourth airdrop will officially begin. Be sure to keep an eye on our announcements for when this happens!

Why is that a great idea you might ask?

$CREAMY is not only our governance token, it’s also going to be your APY boost for farming. To put it simply, if you lock for 4 years, you get the highest and best APY for free.

This airdrop will be on a first come, first serve basis until we reach the 1 million $MILKY mark!

Important:

Both airdrops will be available to claim on the swap page of our website.

For airdrop #3, we will be distributing rewards shortly after the 10,000 unique addresses have been achieved. This is so you can put them to use in airdrop #4.

For airdrop #4, these tokens will be distributed shortly after we have reached a million $MILKY churned.

Remember: Churning $MILKY means you have locked $MILKY for an (x) amount of time in exchange for $CREAMY, our governance token. For example, if you churn 1 $MILKY for 4 years, you will receive 1 $CREAMY in return. Only commit what you are willing to lock for a period of time.

For a better understanding on $CREAMY and its use case, you can read our Tokenomics & CREAMY article which does an in-depth explanation on the mechanics behind $CREAMY.
To learn how to lock your $MILKY for $CREAMY, visit the locking tutorial on our Gitbook.