AlgoLaunch Airdrop Program and sale announcement

We decided to airdrop $LCH to people who performed Algorand Governance Staking. The total airdrop will be 1,000,000 $LCH tokens which constitutes 1% of the total supply. The airdropped $LCH will come from our Marketing allocation, which is 10% of our total supply and will be used to incentivize and reward the Algorand and AlgoLaunch communities.

Airdrop Details

• Snapshot Date and Time : 14th April 2022 (11:59:59 PM SGT)

• Eligibility : Participants in Algorand Community Governance Period 3

• Total Distribution : 1,000,000 $LCH

• Weighting :

Section 1 : 5,000+ $ALGO

Section 2 : 10,000+ $ALGO

Section 3 : 50,000+ $ALGO

Section 4 : 100,000+ $ALGO

Section 5 : 500,000+ $ALGO

• Vesting : The airdrop will be vested for 3 months, after 1 month cliff