🤑Haven1 Airdrop: Claim Process and Strategies
Learn how to claim your Haven1 airdrop. Explore Immediate Liquidity, Maximum Rewards, and Balanced strategies to optimize your H1 tokens. Find out about allocation, claim rules, and requirements.
Thank You for Your Support
Thank you for your support and dedication to the Haven1 testnet—we couldn’t have made it this far without the backing of our ever-growing community and all our testnet testers!
At Haven1, we're committed to ensuring a fair and transparent distribution of H1 tokens, constituting 3% of the total token supply (check tokenomics here). As we prepare for our mainnet launch, here’s a guide to help you navigate the claims process for your well-earned H1 tokens.
Airdrop Allocation Overview
Airdrop allocations are determined by your accumulated Liquidity Points (LP) and Experience Points (XP), adjusted for any earned Boosts. Visit this page to learn more about XP, LP and Boosts.
Converting XP and LP into Airdrop allocation
XP and LP are multiplied by Boosts to calculate your total XP and LP
Here's an example:
You have accumulated 2,500 XP and 250,000 LP and 300% Boost during the testnet.
After Boost adjustments, you earned 10,000 XP and 1,000,000 LP
Your claim is pro-rated against the community total XP and LP:
Assume total community XP= 1,000,000 and LP= 50,000,000
You earned 1% of XP and 2% of LP
Since XP: LP distribution is 80:20 , your total claim percentage is: 1% x 80% + 2% x 20% = 1.2% of the total airdrop allocation.
Claiming Strategies for Your Airdrop Allocation
You can claim your airdrop as H1 tokens, esH1 tokens, or a combination of both. Learn more about the difference between H1 and esH1 tokens here.
Claim Strategies
1. Immediate Liquidity
Receive your entire allocation as H1 tokens.
H1 tokens are fully liquid and tradable, ideal for quick access to funds.
Note: This strategy does not maximize rewards.
2. Maximum Rewards
90% of your allocation converts into esH1 tokens, a locked form of H1.
10% remains as liquid H1 tokens, ensuring you can interact with Haven1 applications immediately.
Key Points about esH1:
1 H1 claimed as esH1 = 4 esH1 tokens, effectively 3.7x your allocation.
esH1 tokens vest to liquid H1 over 365 days.
You can lock-stake esH1 for up to 100% APR.
Ideal for: Users focused on long-term growth and maximizing rewards.
3. Balanced
67% of your allocation claimed as H1 tokens for liquidity.
33% converted to esH1 at a 1:4 conversion rate, doubling your effective allocation.
Ideal for: Users balancing liquidity needs with future rewards.
Here's an example:
Your total claim = 2,500 H1
Immediate Liquidity
2,500
0
2,500
Maximum Rewards
250
9,000
9,250
Balanced
1,667
3,333
5,000
Rules and Geographical Requirements
hPassport (Haven1 Passport): You must complete KYC (Know Your Customer), which will mint your hPassport (or Haven1 Passport), before initiating a claim.
Geographical Restrictions: Users from the United States, DPRK, Syria, Iran, Iraq, Afghanistan, Democratic Republic of Congo, Cuba, Myanmar and from Crimea, Donetsk, Luhansk regions of Ukraine are not eligible to participate in the airdrop due to regulatory constraints.
Haven1 reserves the rights to modify the geographical restrictions list as needed.
Policy on Unclaimed Airdrops
Users will have 60 days to claim their airdrop after the end of the incentivized testnet campaign.
Unclaimed airdrops will be rolled into future phases of our airdrop program, ensuring that all tokens either contribute to testnet user rewards or are reserved for subsequent community incentives on mainnet.
Summary
The Haven1 airdrop ensures a fair distribution of rewards based on XP and LP contributions. Users can tailor their claims to their needs, choosing between Immediate Liquidity, Maximum Rewards, or a Balanced Approach. Whether you're looking for quick access to funds or long-term growth within the Haven1 ecosystem, the claim strategies provide flexibility and incentives to suit every user.
Don't miss this chance to claim your share of Haven1’s journey to revolutionize DeFi. Start your claim today and make the most of your rewards!
Thanks for your active participation in the Haven1 ecosystem.
FAQ
What are the options for claiming airdrop?
You can claim your airdrop through 3 options:
Immediate Liquidity: Receive airdrop reward in liquid H1 tokens, ideal for quick access to funds. This strategy does not maximize your total reward allocation.
Balanced Approach: Claim 67% of your airdrop reward in liquid H1 tokens and convert 33.3% into esH1 at a 1:4 ratio. This balances liquidity with future rewards.
Maximum Rewards: Convert 90% of your airdrop reward into esH1 tokens (escrowed H1) at a 1:4 conversion rate. The remaining 10% is received as liquid H1 tokens. esH1 tokens will vest over a 365-day period and can be lock-staked for up to 100% APR.
What is the difference between H1 and esH1 tokens?
H1 tokens are fully liquid and tradable, for immediate use or trading on exchanges that list H1.
esH1 tokens are non-transferable tokens that vest into liquid H1 over a 365-day period. They can also be lock-staked to earn rewards, offering a multiplier effect for long-term holders.
How does the 1:4 conversion rate for esH1 work?
For every 1 H1 token allocated as esH1, you receive ~4 esH1 tokens. This means if you allocate 100 H1 tokens to esH1, you receive 400 esH1 tokens, effectively multiplying that portion of your allocation by 4X
Why does the claim model include esH1, and why not make all tokens liquid?
The claim model has been designed to balance individual preferences with the long-term health of the Haven1 ecosystem.
Fully liquid airdrops, more often than not, can lead to significant sell pressure, which would hurt the token value and undermine the stability of the ecosystem.
The esH1 option rewards users who choose to align with the project’s long-term vision by offering a multiplier on their allocation and additional staking rewards.
By providing multiple claim options, users can choose which option works best for them, whether it’s immediate liquidity, maximum rewards, or a balance between them.
This isn’t about forfeiting tokens, it’s about ensuring that the network grows sustainably and rewarding those who actively engage and commit to the project.
Why are users rewarded more for choosing esH1?
Haven1 is built for long-term sustainability. Choosing esH1 demonstrates a commitment to the project’s growth and stability, which is why this option offers a multiplier and higher rewards. It aligns with the broader goal of reducing immediate sell pressure while incentivizing active participation and staking within the network.
How does lock-staking work, and why should I consider it?
Lock-staking allows you to earn up to 100% APR by committing your esH1 tokens to the network. This option is ideal for users focused on long-term growth and value accrual, as it maximizes rewards while contributing to the network’s security and liquidity.
Are unclaimed airdrop rewards forfeited?
Yes, any unclaimed allocations will be forfeited after 60 days. This ensures that the unused tokens can be reintegrated into the ecosystem for other community initiatives. We encourage all participants to claim their tokens promptly.
Why is the esH1 vesting period 365 days?
The 365-day vesting period ensures a steady release of tokens into the market, reducing volatility and promoting a stable token economy. The approach benefits both the network and its participants by creating a healthier environment for growth and value accrual.
Are there any geographical restrictions for claiming airdrop rewards?
Yes, users must complete KYC to mint their hPassport. Users from certain ‘high-risk’ countries (e.g., DPRK, Iran, Cuba) are not eligible to participate, in line with regulatory requirements.
The publishing of this document has no bearing on the actual date of the TGE and/or the airdrop. This is in the interest of transparency—to keep you aware of the airdrop mechanics and invite your feedback on the same.
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