Token Sale + ISPO
Token Distribution Details
It has been almost 1 month since our EMP Token Generation Event (15th of March) which means the start of the EMP token distribution from both the ISPO and Token Sale is just around the corner! Below are the details on how ISPO and Token Sale participants can claim their eligible EMP tokens, based on the 6 months linear vesting schedule, which started from the EMP TGE on the 15th of March.
ISPO Token Distribution
How will the ISPO tokens be distributed?
We will be partnering with DripDropz to distribute the EMP tokens from the 15th of April at 9.45pm UTC. There will be a custom DripDropz claiming process to allow for Empowa ISPO participants to claim their eligible EMP based on the 6 months linear vesting schedule.
What are the steps to claim EMP on DripDropz?
1. Please go to the DripDropz site under the “Drip it” tab.
2. Paste your wallet receive/stake address in the search bar and click the “Check my Dropz” button. This address should be from the same wallet you used in the Empowa ISPO
3. DripDropz will query the blockchain and display all the EMP tokens your wallet is qualified to receive. The claimable amount, which is based on the ISPO 6 month linear vesting schedule, will only be updated on DripDropz for the start of each new epoch, so if you have already claimed the available amount you will need to wait until the next epoch to claim again.
4. Click “Claim my Dropz”. The DripDropz app will show the Ada cost to complete the withdrawal along with minUTXO returned to you with the tokens.
For more information on how DripDropz works, please check out their website here
How often can I claim?
ISPO participants have the option to claim a portion of EMP Tokens each epoch on DripDropz from the 15th of April at 9.45pm UTC. Participants also have the option to let the EMP tokens accumulate on DripDropz, and claim EMP in larger batches.
The claimable amount, which is based on the ISPO 6 month linear vesting schedule, will only be updated on DripDropz for the start of each new epoch, so if you have already claimed the available amount you will need to wait until the next epoch to claim again.
Token Sale Token Distribution
When can I claim the EMP I purchased during the Token Sale?
Token Sale participants can start to claim their eligible EMP from the 15th of April at 12pm UTC.
How do I claim the EMP I purchased during the Token Sale?
Token claiming will be performed through the My Tokens section of the token sale dashboard
How often can I claim EMP?
Tokens can be claimed at any time from the 15th of April, with the quantity of tokens claimable calculated based on the number of days that have passed in the 6 month vesting period when the claim is submitted.
To prevent needing to support a large volume of claims, each dashboard account will be limited to a total of 6 token claims. Participants can choose to perform less than 6 claims if preferred and there are no conditions on when the claims can be made, other than waiting until the end of the 6 month vesting period to make the final claim.
To learn more about Empowa and the $EMP token, feel free to check out the links below:
$EMP Explainer Video
FAQ page (we will continue to update this overtime)
To keep up-to-date with the latest community discussions, please feel free to join our community channels below: