🧙♂️S0 - Legacy Players
IMPORTANT NOTE: Changes to circulating supply of the SEXY utility token were carefully designed to be gradual, thereby avoiding supply shocks.
Introduction
"Season 0 Rewards" is the retroactive name for players who were active on the EthXY Plots Game (Mainnet and Base), EthXY NFT's and Eth.id Domains. These early players were critical in getting things started for EthXY. We salute them and we wanted to recognize their early efforts of degen.
We have allocated a pool of 3,000,000 SEXY collectively worth about $1M at the time of publication to be vested over 3 months.
A snapshot was taken November 18th, 2023 across all products for calculating the reward.
Score calculation
We created a composite score tied to wallet addresses based on activity across all four products. In each, we utilized the comparable Eth value spent by each address. The following parameters were applied to combine activity.
EthXY Plots (Mainnet + Base)
94.33%
EthXY NFT
1.13%
Eth.id Domains
4.54%
These multipliers were selected on basis of relative cost and level of engagement across multiple addresses.
EthXY Plots
Due to the nature of the game where prior plot owners always make a profit if their plot is bought, this reward program only recognizes the final holders of plots at time of snapshot.
All SEXY spent on Factories, Town Centers and Museums have been incorporated into the player's score.
The plots between mainnet and base were naturally normalized through the last Eth price paid for the plot.
The 94.33% allocation of the Season 0 rewards represent 280 days worth of accelerated emissions.
EthXY NFT
NFT holders during the snapshot have been recognized and had their proportional score of:
[Number of NFT's Held] / 1010
to be awarded for the 1.13% allocation of the Season 0 rewards.
Eth.id Domains
Paid domains and their constituent prices were directly used as score. Users who had registered free domains, especially en masse, have not been counted in this calculation.
Vesting and redemption process
A website will be provided under the domain name https://ethxy.com. PLEASE MAKE SURE NOT TO CLICK ON ANY SCAM WEBSITES. The sum will be vested over 3 months, weekly. Once the service has been prepared, it will be released through trusted means.
There is no penalty for waiting to claim, the balance will accrue over time, culminating in the full sum after 3 months. At time of full vesting, there will be an additional 30 day grace period to claim the reward.
The claim transaction will cost gas and can only be claimed by the exact wallet that had engaged in the legacy product. Please note that you will have to digitally affirm that you are not from a prohibited jurisdiction, you will be responsible for taking care of all taxes and other legal requirements for receiving tokens.
Disclaimer: The purchase of SEXY tokens or characters does not constitute an investment contract or any form of investment advice. EthXY has no guarantees or promises about the future value or performance of the token or characters, and the value of the token or character may fluctuate significantly.
Also note that it might be illegal for you to own SEXY tokens or characters depending on your jurisdiction, check with your local laws.
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