The airdrop rules for Sonic in the first season are quite interesting!

Not only are there designs to handle selling pressure in the rules, but there are also elements of game theory involved, truly a testament to being a DeFi public chain!

➤ User Airdrop Claiming Rules:

1) 25% of the airdrop can be claimed immediately;

2) The remaining 75% will be unlocked linearly over 270 days and stored in a tradable NFT certificate. It's important to note that once a user chooses to claim this portion of the airdrop, the NFT certificate and any airdrop that has not yet been unlocked will be destroyed.

The second rule is a bit complicated and worth a detailed discussion.

➤ Logic Breakdown:

1) If a user chooses to claim the airdrop in the NFT midway, they will not be able to obtain the full 75% airdrop, as the unlocked portion will be destroyed.

2) Therefore, to receive all airdrops, users need to wait until the 270th day, which is when the unlocking period ends, to claim.

3) This mechanism is somewhat similar to options trading, where the core game lies in the user's judgment of future price fluctuations of the S token. If users are not optimistic about Sonic, claiming the unlocked portion early can help reduce selling pressure.

4) Meanwhile, this NFT is tradable, similar to Pendle's YT (Yield Token). If users are optimistic about Sonic, they can purchase the NFT on the secondary market, where the price is usually lower than the value of the S token when fully unlocked.

5) This creates a secondary market, and the officials may stabilize the value of the S token by supporting or bottom-fishing the NFTs. After all, market expectations are crucial, and manipulating the NFT market is a cost-effective approach.

6) However, if a large number of NFTs survive until after the 270 days, and users collectively claim the tokens, selling pressure may still occur.

7) Nonetheless, this 270-day design allows users participating in the first season airdrop to continuously pay attention to Sonic, while also meeting the loyalty requirements mentioned for the second season airdrop.

This design is indeed very clever, but we will have to wait a few weeks to see the official launch of the airdrop plan.

At that time, it will be our turn to participate in this game!

DeFi Enthusiast: BitHappy