In governance proposal 7, the Snowball community voted to purchase a portion of SHERPA from Sherpa Cash prior to the protocol’s launch. This distribution was to be distributed in three ways: a portion allocated to a token sale for SHERPA, a portion sent to the Snowball treasury, and a portion sent as an airdrop to xSNOB holders.
Today, we are announcing the SHERPA airdrop. This airdrop will include 20,000 SHERPA sent to xSNOB holders in two distribution. Additionally, we are releasing a Sherpa Cash NFT in celebration of this airdrop.
How to Participate
The SHERPA airdrops will take place on xSNOB revenue sharing days (Thursdays). The first will take place tomorrow, September 10, where half of the SHERPA airdrop allocation will be sent. If you currently have xSNOB locked through this day, then you will be eligible to claim the airdrop. This first airdrop is only for current xSNOB holders, anyone not currently holding xSNOB can still participate in the second drop.
The second airdrop will take place on September 24. Current holders locked past this date will receive SHERPA. Anyone who is a new xSNOB holder will need to lock their SNOB for 2 weeks before September 16 at 5pm PST. Participants who do this will be eligible for the second SHERPA airdrop.
Your share of the SHERPA airdrop will be determined by your proportional amount of xSNOB in comparison to the total xSNOB supply. You will be able to claim your SHERPA distribution through a claim button on the staking page of Snowball’s website.
Sherpa NFT
To further celebrate our SHERPA airdrop, Sherpa Cash will be releasing an NFT through Snowball’s NFT store. This NFT will be purchasable on a curve between 0.5 AVAX and 5 AVAX and will have a limited supply of 300 editions. The NFT will be available for purchase 24 hours from now at 5pm PST on Thursday, September 10.
About Sherpa Cash
Sherpa Cash is a decentralized protocol for private transactions based on zkSNARKS. It is a fork of Tornado Cash. The project and team are formed by engineers from established Avalanche DeFi projects.
Private transactions are an essential building block for a robust DeFi ecosystem. Avalanche is still in its early days and no privacy protocol currently exists for it. Sherpa Cash hopes to bring this essential need to users and projects on the Avalanche Network.
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About Snowball
Snowball is an auto-compounder for liquidity rewards and an automated market maker (AMM) for stablecoins. It was the first auto-compounder launched on Avalanche and it prides itself on being entirely community run. If you’d like to be a part of Snowball, join the conversation in Discord or Telegram. Stay up to date on our Twitter.
