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TERRA RESCUE & JUNO STAKERS $LOOP NFT AIRDROP!

Loop Finance
Published By: neilsisson
November 11, 20227 Min1
Join Community
Published By: neilsissonJoin CommunityNovember 11, 20227 Min1


Welcome to the much-anticipated Loop NFT claim for Terra rescue and JUNO
stakers! We are doing this together in fairness to help unite our Terra and Juno
communities.

 

Below you will find information on 3 different topics. LOOP Power is relevant to
all users however the next two sections you can skip to the part relevant to
you:

 

 1. Juno Stakers Airdrop NFT (for JUNO stakers & Terra LOOP holders who have not
    sold their migrated position)
 2. Terra Rescue Airdrop NFT
 3. LOOP Power & SUPER LOOP Power

 

 

NOTE: The NFT claim will open on 11 November 2022 

 

Below is what you need to know. . .

 

 

--------------------------------------------------------------------------------

 


LOOP AIRDROP NFT ON JUNO

 

Our new home is Juno, and we are so grateful for it! We’ve recently sent a
contribution of 1% of the total LOOP token supply to the Juno Community wallet
(12 million $LOOP tokens) to show our appreciation for the chain itself; now
it’s the turn of the users who secure the network.

 

Below is some info to catch you up, then we’ll get into the Airdrop and Loop
Power.


WHAT HAS ALREADY HAPPENED. . .

 

We previously stated that you must have been either:

 

(a) a JUNO staker on the 22nd of August 2022 with at least 25 JUNO staked OR

(b) a LOOP holder on Terra Classic who has claimed their tokens on Juno, and has
not sold more than 10% since claiming.

 

If you fall into one or both of these two groups, congratulations! You will be
able to claim your Airdrop NFT.

BONUS $LOOP ACTIONS

 

We also allowed users to earn an extra $95 worth of $LOOP by performing certain
actions on our platform. During our test period, we asked Junonauts to perform 3
actions at the end of September (between 19-30 Sept):

 

Note: these actions no longer make you eligible for more LOOP airdrop rewards:

 

1. Perform a swap on our new DEX aggregator and provide us with some feedback on
the form ($10 extra LOOP in your NFT)

 

2. Add liquidity to one of our LOOP liquidity pools and start farming and
provide feedback ($10 extra LOOP in your NFT)

 

3. Mint a Tradooors NFT and stake it to collect the rewards ($60 extra LOOP in
your NFT plus the rewards from the NFT!)

 

You didn’t have to complete all the steps, and you didn’t have to complete them
in any particular order.

 

Note: At the time of claim, we will assign a fixed amount of LOOP to the NFT
which will be equivalent to the USD values above. However, during the vesting
period, that value may increase or decrease depending on the market value of
LOOP.

NFT claim link below. Please make sure to read the part about LOOP Power to
ensure you do not miss out on MAX rewards.

 

 

--------------------------------------------------------------------------------

 


TERRA RESCUE AIRDROP NFT

For those that don’t already know, Loop Protocol, in the wake of the LUNA
collapse, migrated our main smart contracts and community home from Terra to
Juno.

 

In August, we airdropped 25% of the still active Terra LOOP holders’ holdings to
Juno Network. The unclaimed tokens from that airdrop have been used for the Juno
airdrop.

 

Now, those active users who already claimed the initial 25% will be able to
claim the remaining 75% of their tokens in the form of a Loop DeFi NFT that will
emit LOOP each day over 12 months.

 

** Note: If you have sold <10% of your previous Juno LOOP position, you are
eligible for the Loop Airdrop NFT on Juno and should read the above section.

 

NFT claim link below. Please make sure to read the part about LOOP Power to
ensure you do not miss out on MAX rewards.

--------------------------------------------------------------------------------


⚠️ VERY IMPORTANT ⚠️

The following section will explain how to maximize the rewards from your
airdropped NFT. You will have two different options to stake your NFT for
rewards but doing one cancels the other, so proceed with caution.

 

In the majority of cases, staking to get Super LOOP Power will be the more
attractive choice (not financial advice!), so it’s important to understand what
it is and how it can increase your rewards.


WHAT IS LOOP POWER?

 

LOOP Power is a value which determines your share of platform revenue rewards.

 

It also determines your voting power over the community wallet funds and, in the
future, it will entitle you to greater farming boosts and access to partner
platform integrations.

 

Currently, LOOP Power comes from the length of time you choose to stake your
LOOP on the DEX staking platform. However, with this airdrop we are also
launching a 2nd way to increase LOOP Power – with Rewards NFTs.

 


WHAT IS SUPER LOOP POWER?

 

This is LOOP Power on steroids.

 

We’ve implemented a bonus dynamic attribute on this claim! When a user claims
their NFT, it will have the “SUPER LOOP Power” attribute.

For these NFTs, the SUPER LOOP Power adds a 2x boost on the number of LOOP in
your NFT. Meaning, you will receive twice as much LOOP Power and therefore twice
as many rewards in early 2023 on the DEX here:
https://juno.loop.markets/stake?tab=STAKING#stake

 

We want to honor the commitment of Loopers who hold on to their Loop Reward NFTs
while we complete the NFT LOOP Power mechanism.

 


CAN I LOSE SUPER LOOP POWER? 

 

Yes! Any NFTs staked on the NFT Marketplace for LOOP tokens will automatically
lose their SUPER LOOP Power status (attribute = no), and will no longer be
eligible for the 2x LOOP Power boost and therefore their “SUPER LOOP Power”
attribute will disappear.

 

A “SUPER LOOP Power” NFT will be considered rare in the near future. That is
because it still retains all of its reward tokens as well as staking power boost
potential. Think of it like a ‘PSA 10’ if you know card collecting – the rarest
condition of card on the market.

It’s possible there may be strong marketplace demand for these NFTs too in that
the SUPER LOOP Power attribute is transferable. So these NFTs could potentially
be sold on the Loop Marketplace and the new owner would benefit from the power
up.

 


HOW DO I MINT/CLAIM MY NFT? 

 

Visit the following claim page and connect the SAME wallet you received your
initial 25% airdrop (terra rescue), or submitted to our google form (juno
stakers).

 

If you did not claim the initial 25% airdrop for terra community members, nor
completed the Juno Stakers Airdrop claim form, then you are not eligible to
receive this NFT.

 

➡️ NFT Claim Page: https://nft-juno.loop.markets/launchpad/loop-airdrop ⬅️


. . .


WHAT CAN I DO WITH MY NFT AGAIN?

 


OPTION 1: WAIT AND STAKE NFT FOR SUPER LOOP POWER

 

When live in early 2023, you will be able to earn SUPER LOOP Power on the LOOP
in your NFT. If you still have a SUPER LOOP Power NFT you will permanently earn
2x the LOOP Power and therefore double the ongoing rewards.

 

 

➡️ https://juno.loop.markets/stake?tab=STAKING#stake

 


OPTION 2: STAKE NFT AS NORMAL ON NFT MARKETPLACE

 * There will be a pop-up confirming you’ll forfeit the “SUPER LOOP Power”
   attribute permanently.
 * The LOOP attached will be harvestable daily over 12 months.

 

➡️ https://nft-juno.loop.markets/myNft

 


OPTION 3: SELL YOUR NFT ON THE LOOP MARKETPLACE

 * As long as you have not staked your NFT for rewards it will retain maximum
   rarity and value.
 * With SUPER LOOP Power attribute still at “yes” your NFT will have more value.

 

➡️ https://nft-juno.loop.markets/exploreCollection/loop-airdrop

 

--------------------------------------------------------------------------------

 

 

Thank you to the Terra and Juno communities for your continued support and
patience. We are doing our best to serve you.

 

If you have any questions regarding the Terra Rescue NFT, the Juno Stakers NFT,
or LOOP Power, please don’t hesitate to reach out to the team at our 24/7 Help
Desk or Telegram Support chat.

 

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0 Comments

DiscussionAbout Author

COMMENTS:

Diamondrich
12 November 2022

Since I can not claim using mobile, it means all my efforts are wasted?


1