The FlashDrop program is designed to incentivize smaller stakers, add utility to the SWAP token, and create exciting opportunities for our loyal TrustSwap community. This is just a first step in decreasing the barrier of entry for new token holders while not diluting the rest of the staking community.
The first FlashDrop will be from YIELD App, a DeFi-based wealth management platform offering up to 20% APY on USDT, USDC, ETH, and soon BTC. YIELD App launched on the TrustSwap Launchpad on Dec. 7th 2020 with a very solid team of industry heavyweights and a plan to revolutionize DeFi investing. The YLD token has since soared to an ATH over 1700% above launch price as they continue to deliver innovative technology and grow their community.
The FlashDrop will give 3000 TrustSwap users the opportunity to win 500 $YLD tokens each without any investment requirements through a fully transparent on-chain lottery system.
Adrien Geneste, CMO of YIELD App, talked about their recent development and showed a short demo of YIELD App to the TrustSwap community which can be seen here:
FlashDrop Details: 3,000 winners of 500 $YLD!
- Applicants can apply to the $YLD FlashDrop on April 23rd from 9 AM to 9 PM PST at — https://dashboard.trustswap.org/app/smartdrops-flashdrops
- The snapshot for the FlashDrop will take place on April 23nd, 2021 at 9:00AM PST.
- Every address that has 500 SWAP staked at that time will get 1 entry ticket.
- Every address that is holding a TrustSwap Golden Ticket will automatically get an allocation of 500 $YLD as well. In case the user wins the lottery as well a total of 1000 $YLD tokens will be allocated to the YIELD App.
- All users that have a YIELD App account with at least 1000 Yield Tokens will get a second ticket. Owning $YLD tokens without Swap will not give you any tickets.
- 3000 addresses will be selected in a provably-fair random drawing on April 23 via the TrustSwap dashboard
- Each selected address that has successfully registered and passed KYC verification will receive 500 $YLD tokens on the YIELD App itself within 10 working days.
- Users who already claimed a $YLD airdrop in the SwapDrop round will not be eligible.
- Registration on the YIELD App including KYC is mandatory to receive the $YLD tokens.
- Residents and citizens of the United States are not eligible.
- Only one claim is allowed per individual. The only exceptions are Golden Ticket owners. They are able to claim twice if they win.
About YIELD App
YIELD App is a Decentralised Finance wealth management company who believes that everyone should have access to the best investment opportunities. YIELD App’s mission is to unlock the full potential of DeFi and make it available to the world by offering an innovative platform that bridges traditional and decentralized finance in the easiest way possible. For more information, visit yield.app.
- Be sure to stake your SWAP before the snapshot on April 23nd at 09:00 AM.
- Sign up for Yield App at yield.app and deposit at least 1000 $YLD before the snapshot to double your chances. Please make sure that your email address on the Google form matches the email address with your YIELD App account.
- Golden Ticket holders of any TrustSwap NFT will get an additional guaranteed 500 $YLD allocation on top.
- One claim per individual (except Golden Ticket holders). KYC is required. Jurisdictional restrictions apply.