After careful consideration and extensive dialogue with our internal team, as well as soliciting feedback from a substantial community of volunteers, we have outlined a plan to airdrop a significant portion of the tokens that will initially be in circulation. This will occur when RocketSwap is launched on the next chain.
The airdrop is specifically aimed at compensating those who suffered damages to their farms and vaults due to this event.
Case 1
When RocketSwap is launched on Shibarium
When the total supply is:2M, 1M initial liquidity, 1M farm production
90% of the 1M is used to airdrop to damaged addresses, 10% to add liquidity
$RCKT is valued at $1.50, $ETH is valued at $1.85k, and the amount damaged at the farm and vault is calculated for each address.
Loss amount formula
Address A has lost 1k $RCKT and 2 $ETH,1k*$1.5+2*$1.85k=$5.2k
The damage amount for address A is $5.2k.
Address B lost 1 $ETH and 1k $USDC, 1*$1.85k+1*$1k=$2.85k.
The damage to address B is $2.85k.
Airdrop ratio is calculated as a percentage of the damaged amount, 0.9M airdrop to the damaged address.
Airdrop ratio formula
Assuming a damage count of $1M and an airdrop total of 0.9M $RCKT.
Damage to address A in the farm and vault is $5.2k, 5.2k/1M=0.0052/0.9M=4.68k Address A can get airdrops for:4.68k $RCKT
Address B is damaged in the farm and vault for:$2.85k2.85k/1M=0.00285/0.9M=2.565k Address B can get airdrops for:2.565k $RCKT
The above is the scenario for the first airdrop, assuming that the $RCKT value of the airdrop on Shibarium is still below the damaged amount at the maximum price, we will still airdrop with the same scenario for the next deployment.
Assumption: The maximum price of $RCKT on Shibarium is $1.
Damage to A address: $5.2k.
First airdrop: 4.68k $RCKT $5.2k-$4.68k=$520.
In the next airdrop programme, address A will be counted as $520.
The damage amount of B address is: $2.85k.
First Airdrop Token Volume: 2.565k $RCKT $2.85k-$2.565k=$285.
In the next airdrop programme, address B will be counted as $285.
Until the value of the airdrop based on the highest price is greater than or equal to the damage amount, the airdrop programme will be stopped.
We hope that this compensation plan can save some losses for the damaged addresses.
Thank you for your continued trust!
RocketSwap Team.