Drops 02: Qubit Finance token ‘QBT’
Hello again, dear members of KLAYswap community!
Today, we are announcing our second KLAYswap Drops event — Qubit Finance’s QBT token!
1. What is Qubit Finance and QBT token?
Qubit is an innovative DeFi lending protocol that is optimized to deliver Lending-as-a-Utility for the Binance Smart Chain. With zero withdrawal fees, Qubit not only reduces the cost of lending and borrowing for retail users, but also enables PancakeBunny and other BSC yield aggregators to employ leveraged strategies to maximize Single Asset returns.
QBT token serves as Qubit Finance’s governance token, as well as serving as an utility token for various aspects of the ecosystem. Total supply of QBT is 1,000,000,000. If you would like to learn more about Qubit Finance and QBT token, please click here.
2. QBT Airdrop period and amount, during KLAYswap Drops
QBT Airdrop will be performed for 7 days, from Oct. 19 to Oct. 25. Total amount of QBT that will be airdropped through KLAYswap Drops is 500,000. The amount each user receives will be dependent on snapshots of vKSP voting power, based on their KSP staking. Tokens can be claimed after Oct. 25, after the airdrop event is over.
3. How to participate in Drops
If you are a user who is currently staking KSP, you are automatically eligible for the new project airdrops Drops offers. Tokens will be airdropped based on the snapshot of the user’s vKSP quantity after KSP staking, and the snapshot will be held once a day at 9:00 am (KST/UTC+9). In order to receive the airdrop, you must have vKSP before the snapshot.
4. Qubit Finance Roadmap for Q4
- First network expansion (Marketing events including airdrops, and seminar) — Oct. 26
- Expansion of QBT utility & benefits (QBT collateralization ratio change, development of fee sharing mechanism, Qubit DAO launching) — within the month of November
- Cross-chain lending service — early Nov.
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- API for lending & Leveraging-as-a-Service launched — end of Nov.
5. Token Distribution
1) 5% of the Total Supply is allocated for the Pre-Launch Liquidity Event Bonus Rewards
2) 57% of the Total Supply is allocated to reward liquidity mining activities over the course of the first year of service. 3% will be distributed over the first month, 4% over the second month, and 5% every month thereafter.
3) 10% is allocated to marketing, partnerships, and promotions.
4) 15% is allocated to the Devs, as with all of Mound’s protocols, to be distributed over the course of the first year.
5) 3% will go towards security to fund audits, bounty programs, and other security measures.
6) 10% will go to the MND vault, as previously announced.
6. Project Details
- Official Homepage : https://qbt.fi/app
- Telegram : https://t.me/QubitFinOfficial
- Discord : https://discord.com/invite/JGJBWRxX2Y
- Twitter : https://twitter.com/QubitFin
- BscScan : https://bscscan.com/token/0x17b7163cf1dbd286e262ddc68b553d899b93f526
- GitHub : https://github.com/PancakeBunny-finance/qubit-finance
- Whitepaper : https://docs.qbt.fi/qubit-docs/
