Stakedrop is a hybrid approach towards “Airdrops” and “Staking” whereby holders will have to stake tokens to be airdropped another token.
Background:
The Founder of Boson Protocol, Justin Banon, has developed with an adjacent protocol called “Fermion Protocol”, this protocol is for ‘an onchain fractional market optimized for verified physical RWAs’.
This will be adjacent & complementary to Boson Protocol.
To create an extended community ecosystem, Fermion Protocol will have its own token, which will initially be shared in a 1:1 ratio with stakers of Boson in eligible campaigns.
Introducing the FERMION token ($FMION)
To be eligible for $FERMION stakedrop, a participation in a dedicated staking campaign is required to be made during the month of March 2024. The campaign is running on a familiar platform from AllianceBlock, called DeFi Terminal at the following address:
https://fermionstakedrop.defiterm.io/staking/active
Fermion Token:
The $FMION token is the core economic unit of the Fermion ecosystem. Growth in the value of the token is driven by establishing an economic flywheel, following the Web3 sustainability loop as first implemented by Ocean protocol.
Supply is reduced by staking and burning, value accrued through transactions, and demand is driven through the continuous development of a flourishing ecosystem.
Network rewards incentivize workers to develop platforms and marketplaces on
Fermion. Revenue generation from these platforms is funneled back into the network with a percentage of all revenue being used to buy and burn $FMION.
The Fermion token serves three main purposes:
1. Governance
$FERMION tokens are used by participants to govern Fermion Protocol, ensuring consensus around critical decisions and the issuance of funds from the dCommerce DAO.
2. Staking
By staking $FMION, Sellers may reduce their network fees for coordination of transactions. This locks-up $FMION and reduces circulating supply.
3. Incentivization
$FMION tokens are used to incentivize actions across the system in a number of ways. Firstly on the supply side, $FMION tokens reward supply and agent acquisition via Sourcerers. Secondly on the demand side, early Buyers earn fees for using the network. Later, tokens will be used to incentivize protocol objectives such as reputation, and transaction response times.
Stakedrop Program
Tokenomics
Initial distribution of the Fermion token will be in a 1 to 1 ratio to Boson token holders participating in a stake drop: for each Boson token staked in eligible campaigns, stakers would be eligible for the same number of Fermion tokens.
There will be two ways to be eligible for a Fermion stakedrop:
- Stake $BOSON into the new Fermion stakedrop campaign:
- Stake between 4th March and 31st March 2024
- Staked Boson tokens will be unlocked from 1st Sept 2024. The release of Boson tokens subject to an approximately 90 day cooldown period for a gradual withdrawal after campaign ending.
- Receive 1 $FMION for every 1 $BOSON staked
- Fermion vesting terms:
- Distributed from 3rd March 2025 for all participants
- Released with a 12 month linear vesting (so initial 1/12 of Fermion received and tradeable in March 2025, then further 1/12ths released each month for 12 months)
- Participate in an existing $BOSON 180 days or 360 days campaign:
- If you stake or have already staked $BOSON in either of these campaigns, you will automatically be eligible to receive $FMION
- Receive 1 $FMION for every 1 $BOSON staked
- Fermion vesting terms:
- Distributed from 3rd March 2025 for all participants
- Released with a 12 month linear vesting (so initial 1/12 of Fermion received and tradeable in March 2025, then further 1/12ths released each month for 12 months)
Disclaimer
THIS TERMINAL ALLOWS USERS TO JOIN BOSON-FERMION STAKEDROP (the “Program”). BY USING THE TERMINAL YOU ARE DEEMED TO HAVE: (I) READ, UNDERSTOOD AND AGREED TO THE DISCLAIMER BELOW; AND (II) ACKNOWLEDGED THE RISKS ASSOCIATED WITH USING THE TERMINAL AND BLOCKCHAIN TECHNOLOGY.
The Program is provided by BMetaverse Foundation (“we”, “our”, “us”). We retain the right to cancel or modify the terms of use of the Terminal at any time, in our sole discretion.
We are not able to issue any tokens to persons who are US or UK persons or those located in the US, the UK, or who are on any sanction lists maintained by the United Nations, Singapore, EU, UK or US or who are in a jurisdiction sanctioned by the same. The award of tokens to you shall not render you our employee, worker, agent, contractor or partner or imply a similar relationship. We make no representation regarding any tax obligations (“Tax”) arising out of or connected to your participation, including the receipt of any rewards, and at no time shall we be liable for payment of the same. You are responsible for all Tax payable in connection therewith.
By accessing this Terminal, you warrant that you are of legal age in your jurisdiction and that you comply with any laws applicable to you and not engage in any illegal activities. Any conduct by you that appears to be unlawful, malicious, or criminal in nature will immediately disqualify you from the Program.
None of the information available on this Terminal, or made otherwise available to you in relation to its use, constitutes any legal, tax, financial or other advice. Where in doubt as to your planned actions, please consult your own legal, financial, tax or other professional advisors.
The Terminal and any information provided by or in connection with it (“Content”) are PROVIDED ON AN ‘AS IS’ AND ‘AS AVAILABLE’ BASIS AND YOU ARE SOLELY RESPONSIBLE FOR ALL DECISIONS AND ACTIONS YOU TAKE REGARDING your USE of the Terminal and Content.
To the maximum extent permitted by applicable law, we, our employees, officers and personnel: (i) make no warranty, condition or representation in relation to the Terminal or Content, whether in regards to its accuracy, outcomes, fitness for purpose, suitability, non-infringement or otherwise; (ii) accept no RESPONSIBILITY for any consequences (including without limitation any loss of your token, whether by slashing or otherwise) arising from your use of the Terminal or Content or the acts, omissions or decisions of other users of the Terminal or any third party acts which may impact you; and (iii) have no liability (including without limitation under negligence) for any loss or damage (whether direct, indirect or otherwise) that you may suffer or incur in connection with third party acts or your use of the Terminal or Content.
As between you and us, your sole and exclusive remedy if you are not satisfied with the Terminal or Content or have suffered loss or damage as a result of the Terminal, Content or third party acts is to cease using the Terminal.