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Phase 2

850,000 ENKI tokens allocated

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Last updated 6 months ago

Phase 2 (post-launch) is designed to boost user engagement with Metis staking and support the protocol's expansion through four strategic initiatives:

  1. Metis Staking Airdrop: This initiative allocates 400,000 ENKI tokens (4% of the total supply) to reward users who stake Metis within the ENKI protocol. A unique points system will be employed to determine each user's share of the token allocation based on their staking activities.

  2. Invitation Staking Activity: A substantial 200,000 ENKI tokens (2% of the total supply) are set aside for this activity. Users holding at least 1 eMetis or seMetis can participate by minting a special inviter NFT and using a unique invitation link to introduce new stakers. The inviter’s NFT referral points increase with each new staker, who must stake a minimum of 0.1 Metis for the inviter to earn points. The formula for calculating points is: Points = 100 * Total Referrals + 200 * Total Staked Metis by Invitees. The distribution of airdrop tokens will be in proportion to the accumulated referral points. The inviter NFT also acts as a certificate for claiming the airdrop.

  3. Liquidity Incentives: This section is dedicated to enhancing liquidities(including ENKI, eMetis and seMetis liquidities across Metis eco) with 150,000 ENKI tokens (1.5% of the total supply), with further details to be announced.

  4. Eco Airdrop: Aimed at rewarding loyal users, this allocates 100,000 ENKI tokens (1% of the total supply) to participants within the Metis ecosystem’s DeFi protocol communities. The specific partners and further details will be disclosed in due course.

A shift for token allocation towards Metis Staking Airdrop:

These structured initiatives are aimed at driving user participation, enhancing liquidity, and solidifying the ENKI ecosystem’s growth post-launch.

https://medium.com/@ENKIProtocol/enkis-enhanced-staking-initiative-doubling-down-on-community-rewards-75e1b773b936