OnX.Finance: Announcing the first ONX Airdrop for ANKR Holders
🕳️OnX finance is pleased to announce the (ONX) token airdrop for ANKR holders with many of the major exchanges. All of the participating exchanges will be making their own official announcements on their channels. The list of participating exchanges will be updated here as they announce:
The ONX token will play an integral part of the OnX finance protocol, with its use cases ranging from paying interest on OnX loans to earning a portion of trading fee’s on the platform, and governance.
📸 The Snapshot
All exchange users will need to have their ANKR deposited to their desired participating exchange by December 23rd, 2020. The snapshot will take place on Ethereum block#: 11,513,500 https://etherscan.io/block/countdown/11513500
All users must hold at least 100 ANKR on most of the participating exchanges to be eligible to receive ONX. Users will receive 1 ONX for every 10,000 ANKR held. Some exchanges will have their own guidelines. Upbit will allow users to receive ONX for any amount of ANKR held in their wallets.
Please stay tuned for specific announcements here.
⚓ANKR Withdrawal & Staking
The staking pool for ANKR tokens to earn ONX will begin 4 hours after the last exchange enables withdrawals. More information will be confirmed on this post and in the announcement channel on telegram. After the withdrawals are enabled, users will be able to go directly to app.onx.finance, and stake their ANKR in the farming pool to earn more ONX. There is no locking period to farm for ONX tokens.
This airdrop campaign will be part of the 4% pre-mint reserved for exchange airdrops. Should any amount not be utilized, it will be put towards the OnX governance treasury.
Looking to become the go-to DeFi platform for collateralized tokens, we are excited to forleysmally introduce the DeFi community to the OnX platform!
The farming for aETH, aETH/ETH LP, and ONX/ETH LP tokens is set to begin on block # 11,497,800. The date was moved a few more days to coordinate with all participating exchanges for the snapshot date. This will allow some extra time for new users to learn more about the ONX platform in detail before farming begins.