Time of token valuation: 12 Oct 2021
Distribution method: 35% mandatory, 65% optional steps. (can be tweaked)
Summary: Due to the need to advertise Pillar, one of the most popular ways of promoting a token and what it stands for is via Airdrops. In partnership with Polygon and Paraswap, we are airdropping $5000 worth of $PLR, $1500 of $MATIC and $2500 of $USDC per week for 1 month (est. 530,000 $PLR, 4900 $MATIC and 10,000 USDC total) to all participants who complete the needed steps. The reward factor will differ on the tasks the user accomplished. The most basic steps will make you eligible for the airdrop, completing additional steps will give you bigger bounties. Pillar will look to use Polygon for token distribution due to their low fees.
Abstract: The DAO would disperse $5000 worth of $PLR tokens (est. 125,000 $PLR) per week for 1 month (est. 500,000 $PLR total) along with Polygon and Paraswap to participants of the Airdrop campaign who do the required (and extra) instructions.
Specification: An airdrop page will be set up with mandatory steps that need to be completed to enter the campaign. After the mandatory steps are completed, there are optional steps which will award more points. The recording of submissions will be done via Gleam and by manual verification of optional steps. With the help of Governors, there will be a voting system to determine the quality of the optional steps (articles, videos, memes, etc.).
Motivation: Airdrops are a good way to bring exposure and demand for a token if they are done right, while rewarding everyone who participates. The Pillar token as well as the project in general needs more exposure and promotion if there is a want to drive demand. Airdrops do both of those. Those signing up will have to complete a certain amount of steps in order to participate in the campaigns. Many of these steps will include promotion on social media (liking, retweeting, etc.) which can give attention to the project. However, these basic steps will give only a fraction of the reward, since the bigger bounty is received for those who do additional steps which include, but are not limited to:
- Articles
- YouTube Campaign
- Twitter Campaign
- TikTok or similar content creating Campaigns
- Memes
One more main advantage to this is the mandatory wallet download and first transaction, which increases the number of active users using the Pillar wallet.
Final draft before the proposal goes live, feedback is appreciated!
it s what i want to see !!! great proposal Denis !!!