The Hemis Airdrop

This blog post will explain (almost) everything you need to know about the upcoming Hemis airdrop.

When is the Airdrop Happening?

We will not announce the start date for the airdrop until the wallet and user guides are ready for release.  Unfortunately this is taking longer than planned. We will update the community with news when we have it.

When we announce the start date for the airdrop we will give 7 full days of notice to ensure that everybody who wants to participate can be ready to do so. Once the airdrop is open, it will remain open for 7 full days.

The Airdrop Fund.

You can see the current balance of the airdrop fund here: https://explorer.hemis.tech/address/HU6sfgeo1UHKtpyJtLFn8d4T9AttLd1cAe

The airdrop fund is increasing by approximately 8,000 HMS tokens per day as we add the staking rewards from the launch phase of the blockchain.

For the purposes of this document, we are going to use the round figure of 1,000,000 HMS to depict the value of the airdrop fund on the day that the airdrop opens.  We expect that the true figure will be somewhere between 900,000 and 1,000,000 HMS. On the day that the airdrop opens, we will announce the final exact airdrop fund value.

Status of Hemis Tokens

At the time of the airdrop, Hemis tokens will be:

• Zero financial value.
• Zero practical value.
• Untradable and not listed on exchange.

Three Phases

There will be three phases to the airdrop. The phases will run consecutively with short gaps in between.

1. Initial Airdrop
2. Staking Bonus Phase 1
3. Staking Bonus Phase 2

Initial Airdrop

• 33% of the total airdrop fund will be shared equally among all Airdrop participants. In the example that the airdrop fund is worth 1,000,000 HMS, the initial airdrop fund will be 333,333 HMS.
• Participants will be able to enter the airdrop by downloading and syncing the Hemis wallet from GitHub and then submitting a wallet address and a verified email address at http://hemis.tech/airdrop
• Each individual is permitted one single entry to the airdrop.
• During the initial airdrop, the Hemis team will gradually reduce their staking positions (using dev fund tokens) until staking is 100% in the hands of the community.  As always, any tokens earned from staking will be added to the airdrop fund. When dev team staking has ended, the dev fund will be sent to a wallet for community monitoring.
• The airdrop tokens for this phase will be distributed in order of registration after the airdrop has closed.
• Once the community has received their airdrop tokens, a total of 133,600 HMS tokens will be released to the individuals who helped fund this project to this point. These individuals are members of the community and not part of the Hemis team.

Staking Bonus Phase 1

• On the assumption of a 1,000,000 HMS airdrop fund, 333,333 HMS tokens will be distributed to people who stake their tokens during bonus phase 1.
• For every stake a participant earns, they will automatically be gifted a 1:1 staking bonus directly into their wallet. If a participant receives a 5.35 HMS stake, they will also receive a 5.35 HMS bonus.
• This phase will run until the bonus phase 2 fund is depleted.  Regardless of participants, ~8,000 HMS will be minted each day, meaning that based on a 333,333 HMS balance, this phase would complete in approximately 40 days.

Staking Bonus Phase 2

• On the assumption of a 1,000,000 HMS airdrop fund, 333,334 HMS tokens will be distributed to people who stake their tokens during bonus phase 2.
• For every stake a participant earns, they will automatically be gifted a 2:1 staking bonus directly into their wallet. If a participant receives a 5.35 HMS stake, they will also receive a 10.7 HMS bonus.
• This phase will run until the bonus phase 1 fund is depleted.  Regardless of participants, ~8,000 HMS will be minted each day, meaning that based on 333,333 HMS balance, this phase would complete in approximately 21 days.
• Once this phase is complete, the founder fund will be distributed to its relevant owners.

Fraud Prevention

• The Hemis team will be using a wide range of tools to identify attempts to sign up to the airdrop more than once.
• The Hemis team reserves the right to ban any airdrop entry that is suspected of being fraudulent.
• If the airdrop is significantly compromised by fraudulent entries, we reserve the right to cancel the airdrop and run it again.
• The only way to register for the airdrop will be via https://hemis.tech.

 Unforeseen Circumstances

The goal of this airdrop remains threefold:

• To distribute HMS tokens fairly and equally to legitimate (single entry) participants.
• To encourage community members to assume the role of securing the blockchain from the Hemis team in order to decentralise the blockchain.
• To attempt to reward participants who stake their tokens with enough HMS tokens to run a Gamemaster node when these are enabled.

Unfortunately it is impossible for us to plan an airdrop to achieve all three of these goals as the number of participants is impossible to guess. If there are significantly more airdrop participants than we anticipate, we reserve the right to adjust the proportion of tokens made available during the three phases of the airdrop in order to better achieve our stated goals. For example we may choose to offer 50% in the first phase, with 25% available in stage two and three. Regardless of the structure, the entire airdrop fund will be distributed to the community.

Airdrop Date Announcement

• The Airdrop date will be announced as soon as we have finished testing the wallet.
• The announcement will be made in Discord, Bitcointalk and Twitter.

If you have any questions, please feel free to leave them in comments under this post or to ask them in Discord.  We’ll do our best to answer them for you.

As always, thank you for your support.

Dan Ames (Stonehedge)