Avalaunch Private Sale Distribution & XAVA Airdrop

Avalaunch organises Private Sale Distribution & performs a XAVA airdrop to all #Avalanche validators and delegators with 2,000,000 XAVA tokens which constitutes 2% of the total supply.

By crypto standards, the entire raise for Avalaunch, from seed to private, is small — less than a million dollars total ($944,625, to be exact). The vast majority of this was filled by friends, family, close community members and a few others who have helped immensely along the way. There was zero VC or institutional involvement at any point. This statement is not pejorative. They simply had the privilege of being surrounded by people that believed in what we were doing and were happy to help. This approach may be somewhat unorthodox, but it does offer us a finer degree of control as they navigate through the earliest days.

With all that being said, they did allocate 10% ($66,412.50) of the private sale for the community they knew was still to come — future supporters who simply hadn’t had the chance to support us yet. While a public portion of the private round is unconventional, this was an attempt to be inclusive of their, at the time, very small community.

They will be giving out 1,328 allocations, of $50 each, at the private sale price of $.035. The recipients have been chosen randomly from the private sale response form. Like all other private sale contributions, these allocations will be vested according to the private sale schedule, and distributed after Pangolin listing.

🔹Airdrop Details

The team at Baguette Exchange has established the gold standard in this type of distribution, successfully executing a similar snapshot and airdropthis month. They were gracious enough to share their process and code, and they plan to utilize it, while adjusting it slightly for our specific purposes.

The details are as follows:

• Snapshot Date & Time: 5/3/2021–12:00 p.m. (PST)
• Eligibility: Avalanche network validators and delegators
• Total Distribution: 2,000,000 XAVA (2% of the total supply)
• Weighting: The tokens will be evenly distributed amongst all eligible addresses
• Vesting: The airdrop will be vested for 1 year, at which point there will be a daily distribution, occurring over the course of 3 months.

What is Avalaunch?

Avalaunch is a launchpad powered by the Avalanche platform, allowing new and innovative projects to seamlessly prepare for launch with an emphasis on fair and broad distribution. With its values deeply rooted in the early Avalanche community, they are able to offer projects confident, informed users who are aligned with the long-term goals of the rapidly expanding application ecosystem.

Leveraging Avalanche’s scalable, high-throughput, and low-latency platform, Avalaunch is built by users, for teams, to help grow strong communities.

📰 INFO:

https://medium.com/avalaunch/private-sale-distribution-xava-airdrop-fdccb7f72dbe