I see a lot of posts incorrectly calculating the Kamino airdrop
Imagine you have 10M Points:
10M Points divided by 119B Total Points
= 0,000084033613445
Multiply it by 7% of the total supply (10B tokens) which is 700M Tokens
= 58823,529411764707505
If you assume KMNO launches at $1B FDV you get a price per token of $0.1 which gives you
= $5,882
This means that if you have 1M you'll get around $588 at that valuation
Think this is the right way to calculate it, let me know if I'm wrong!
Thrilled to collaborate with @wormholecrypto, contributing to the infrastructure of their $W airdrop eligibility checker site on @solana through Jupiter LFG's Claimpad.
Check it out at https://t.co/cXtjbiKQZB!
Mainnet launch date is March 18th.
We are now at liberty to perform certain house keeping duties, the website will be updated to match our regime. The whitepaper will be updated.
Airdrop strategy will be only be announced at the time of action #VenomFoundation