You can claim your Mission Two CHEQ airdrop rewards on now!

Detailed eligibility criteria for ATOM, OSMO, JUNO staking

Stage One (under Mission Two) of CHEQ airdrops aims to introduce more people in the Cosmos chains ecosystem to engage with the cheqd network ecosystem.

To determine eligibility for this set of CHEQ token rewards, we took snapshots of the ATOM, OSMO, and JUNO chains on Thursday, 10th March 2022. Reward tiers for cheqd wallet addresses associated with these accounts on other chains were then calculated based on our eligibility criteria. 

Read more about Mission Two of CHEQ token airdrop and why we chose to reward stakers from these Cosmos ecosystem chains

FAQs for Mission Two (Stage One)

When were the snapshots of ATOM/OSMO/JUNO chains taken?

To be eligible for the rewards, a token wallet must already have been staking the following minimum amounts at the time the snapshots were taken:

  1. 10 ATOM: Snapshot taken at 10 March 2022 17:29:05 UTC (block height #9703992)
  2. 20 JUNO: Snapshot taken at 10 March 2022 14:55:27 UTC (block height #2223587)
  3. 20 OSMO: Snapshot taken at 10 March 2022 13:57:29 UTC (block height #3534866)

Superfluid staking on ATOM/OSMO Pool #1 is NOT counted in staking minimums above.

Are the staking amount calculated based on delegations to a single validator or multiple validators?

The minimum staking amounts above were assessed at an account-level, as a cumulative total across all validators on these chains.

In other words, an account would not have had to stake the minimum amounts on a single validator. We believe it is better to promote behaviours that lead to the decentralisation of voting power ("entropy"), rather than promoting the concentration of voting power.

What if I was staking more than the minimum amount?

Rewards were calculated based on the minimum staking amounts only. If your token wallet is eligible, the CHEQ token rewards will be the same regardless of the size of your staking delegations. In other words, accounts with very large delegations do not receive higher rewards.

We hope this "fairdrop" criterion ensures that community members on Cosmos chains who have been around longer do not get disproportionately higher rewards than new newer members. The effect of such disparities amplifies over time, as stakers who have been around longer can amplify their rewards by claiming a succession of staking rewards and/or airdrops.

Do the rewards for a wallet depend on how many chains the minimum qualification criteria were satisfied?

Yes. A fixed CHEQ token reward amount was calculated based on each chain where the qualification criteria is met. If a token wallet was staking on multiple chains, it will be allocated a reward amount for each and then a cumulative CHEQ reward total calculated to derive the overall amount.

Would a token wallet need to have been staking on all three chains to be eligible for rewards?

No, a token wallet would not have had to be staking on all three (ATOM, OSMO, JUNO) to be eligible. Staking amounts on each chain was considered separately and then rewards in CHEQ were calculated accordingly.

What about staking on Cosmos chains other than ATOM/OSMO/JUNO?

Only the staking/delegations for the specified Cosmos chains were considered. Token staking on other chains was not considered, as the complexity of snapshotting and calculating rewards on too many chains can be hard.

ATOM and OSMO were chosen as these are the two of the biggest tokens in the Cosmos ecosystem, and JUNO was selected through a community vote.