Hey, Rubicans! Algebra is launching the airdrop that is aimed at rewarding loyal holders of $RBC tokens.
Rubic owners will be able to receive Algebra (ALGB) tokens. Holding RBC tokens will lead you to increasing the size of your wallet even further!
Here are the conditions:
- Hold at least 1,000 ALGB and at least 1,000 RBC tokens in your wallet address. Please note that different versions of RBC on different networks will be combined into one eligible total (e.g., Rubic on Ethereum, BNB Smart Chain, or Polygon).
- Fill out this form.
- Be ready for the snapshot date on April 28th, 15:00 UTC.
ALGB distribution will be divided into 4 stages. You’ll be receiving ⅛ of the RBC amount held in your wallet in ALGB tokens at every stage of the event. The disbursement of tokens will be at a 2 ALGB to 1 RBC rate.
For example, if you have 2,000 RBC & 1,000 ALGB in your wallet, and the wallet balance remains unchanged for the entire Airdrop period, you’ll get 1,000 ALGB in 4 steps:
- The 1st stage — 250 ALGB
- The 2nd stage — 250 ALGB
- The 3rd stage — 250 ALGB
- The 4th stage — 250 ALGB
The Airdrop for the next three stages will be calculated based on the minimum balance of the wallet address between the stages themselves. This means that once you decrease the amount of ALGB or RBC, the amount of rewards will decrease too.
If you have locked RBC tokens (staked or added into our LP program) and want to participate in the Airdrop, please point it out in the form. The form will be available for two weeks after the snapshot date, which is April 28th.
Get ready for your ALGB and RBC — make sure you have completed every condition and be ready to get your rewards!
