To accomplish this, the project will distribute Ether Capsules to each owner at a 1:1 ratio via an upcoming airdrop. This means that each holder will receive one free Ether capsule for every Ether capsule they currently own, once the airdrop snapshot is completed.
This announcement covers the unveiling and our changed currency structure. To balance the people who hit, secondary buyers and holders, we decided on the following: (1/8) pic.twitter.com/89Akot2oax
— ETHER (@ether) Jul 12, 2023
The airdrops include whitelisted miners, including those who are locked or paid, secondary market participants, and semi-public miners. Mark your calendars as the airdrop will take place on July 12 at 7:30am PST. This initiative aims to promote inclusiveness and ensure that various stakeholders in the NFT Ether ecosystem receive a fair share of the benefits.
In addition, to address the remaining supply and account for the substantial changes in funding, Ether will hold a Dutch fair auction on the same day at 10 a.m. Pacific Time. This auction offers interested parties the opportunity to acquire Ether tokens. In addition, as part of its efforts to offset the funding changes, the project has decided to increase royalties from 5% to 7.5%.
The Ether of the NFT Project recognizes the importance of maintaining balance within their community and promoting fairness among all participants. By broadcasting Ether Capsules and holding a Dutch Fair Auction, they are taking proactive steps to address concerns about price discrepancies and provide opportunities for stakeholders to benefit from the growth of the project.
As the countdown to the airdrop begins, holders, miners and participants in the secondary market eagerly await the distribution of the Ether Capsules. In addition to aligning incentives, this strategic move reinforces the project’s commitment to creating a thriving and inclusive NFT ecosystem.
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