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Airdrop as participation reward for LAY Token Sale
It was announced that ARSW, MUUU, KGL, and GALAX will be distributed to purchasers of LAY in Starlay’s 2nd Token Sale, which will take place between May 13 at 11:00 AM and May 15 at 11:00 (UTC).
The amount of each airdrop and the scheduled listing date are as follows.
The estimated total value of the tokens to be distributed exceeds approximately $5 Million, and these are tokens from dApps, members of “DeCartel”.
Tokens from all “DeCartel” member projects will be airdropped according to the amount of LAY the investor purchased.
DeCartel is a new alliance formed by several DeFi projects on Astar Network. DeCartel includes four projects: Starlay Finance (Lending), ArthSwap (DEX), Kagla Finance (Stable Swap), and Muuu Finance (Yield Booster). Galaxia Finance (Yield Aggregator), which will be released in May, is also expected to join.
About Token Sale
The first LAY token sale on ArthSwap sold out rather quirky. This second token sale is a little different from the first, as it will be held in an auction format.
Users can participate in the auction anytime between 11:00 on May 13 and 11:00 on May 15 (UTC), and the amount of LAY they receive will be proportionate to the amount put in. This article explains its overview with concrete examples.
In addition, the amount of ARSW, KGL, MUUU, and GALAX distributed as participation rewards, as explained at the beginning of this article, will also increase depending on how much the user had put in. As for the rewards, you can get more information here.