Sharpe Season 1

Sharpe Season 1 Airdrop, Retroactive Documentation

Overview

This document provides retroactive information about the Sharpe Season 1 Airdrop, which has already taken place. It serves as a reference for the airdrop structure and distribution as we move forward into Season 2.

Total Airdrop Allocation

  • 1% of the total token supply (10,000,000 $SAI) was distributed in the Season 1 Airdrop.

  • This represents the initial phase of our structured rollout across multiple seasons.

Airdrop Allocation Breakdown

The 10 million $SAI tokens for Season 1 were distributed as follows:

  1. Sharpe Points and Gold Medal Holders: Majority of tokens

  2. Social XP Holders: Portion allocated to Galxe and Intract social XP holders

Earning Sharpe Points

Users earned Sharpe Points through the following methods:

  1. Trading on Sharpe platforms: 1 Sharpe point per dollar of traded volume

  2. Ranking multipliers applied at the end of each weekly EPOCH:

    • Top 10 users: 2.5x multiplier

    • Top 11-25 users: 2x multiplier

    • Top 26-50 users: 1.5x multiplier

    • Top 51-100 users: 1.2x multiplier

Example: A user trading $50,000 in volume and ranking 71st earned 60,000 Sharpe points (50,000 * 1.2).

Gold Medal Rewards

  • The top user in each EPOCH received a Gold Medal

  • Gold Medal holders received additional rewards during the Season 1 Airdrop

Social XP Allocation and Eligibility

To qualify for the Social XP Allocation, users needed to:

  1. Actively participate in social quests and use the Sharpe app

  2. Use the same address on both the quest platform and the Sharpe app

Advanced bot detection measures were in place to ensure fairness.

Participation Methods

Users participated by:

  1. Using Sharpe products:

    • Sharpe Perps

    • Sharpe Bridge

    • Sharpe DEX

    • Other Sharpe products

  2. Aiming for top rankings in EPOCHs to benefit from higher multipliers

  3. Participating in social quests on Galxe and Intract

Key Notes

  • Sharpe points were awarded at the end of each EPOCH, not in real-time

  • This document serves as a historical record of the Season 1 Airdrop structure

This retroactive documentation provides an overview of how the Season 1 Airdrop was conducted and how rewards were distributed. It serves as a reference point as we move forward with future seasons of the Sharpe Airdrop program.

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