VRJAM To Airdrop $250,000 To Hedera Community Members To Mark The Opening Of Hbarbarian House
VRJAM proudly announces an exciting HBAR-weighted community airdrop campaign to distribute $250,000 in VRJAM Blue tokens to the Hedera community.
VRJAM’s successful token launch on the Hedera Network was just the first step in building a vital community within the broader Hedera community. The distribution of tokens to community members during VRJAM’s community airdrop will help to properly found the company’s community and participation will be conditional upon a series of rules designed to incentivise token holders and help rapidly grow the size of VRJAM’s Hbarbarian tribe.
Distribution will be HBAR weighted, with multipliers for VRJAM Blue Token Holders to ensure that existing community members are rewarded with a larger share of the airdrop.
The campaign will be activated in stages as follows and will require community members to interact with VRJAM’s technology platform to ensure that participants are also engaged with the user experiences offered through VRJAM’s immersive live event technology.
Stage 1: Hbarbarian House Launch
To celebrate VRJAM’s arrival in the world of Hedera, an interactive virtual live events venue, Hbarbarian House, will be launched on the VRJAM Platform following the completion of our platform migration to Hedera on the 25th of April (concept art below).
In this stage every HBAR Token holder in the Hedera community will be gifted 1 VRJAM Blue token, and this token should be used to invest in a ‘Venue Staking Pool’ for Hbarbarian House.
This is done by connecting a user’s wallet to the VRJAM Platform and investing the token they’ve received in first stage of the campaign in the Venue Staking Pool for Hbarbarian House (detailed instructions on how to do this will be provided).
The Venue Staking Pool will open on the 6th of May and then remain open for 14 days to provide ample opportunity for community members to get involved (see below images of a Venue Staking Pool on the VRJAM Platform)
When the pool closes everyone who invested in the pool will automatically receive a Location NFT for Hbarbarian House. A location NFT acts like a badge or All Access Pass that entitles the holder privileged access to premium content and events made available within Hbarbarian House.
Stage 2: Distribution, Tranche A — $40,000 in VRJAM Blue
On the 1st of June distribution of the first Tranche of tokens begins based on the following terms:
To receive tokens users must:
- Hold a Location NFT for Hbarbarian House
- Hold Hbar
Emissions will be made to qualifying users based on the following terms
- 3 month linear vest
- HBAR weighted, capped at 1M HBAR
- Investors who hold $500 or more of $VRJAM Blue or Red receive 50% additional weighting.
- Investors who hold $1000 or more of $VRJAM Blue receive 100% additional weighting
Stage 3: Distribution, Tranche B — $60,000 in VRJAM Blue
Distribution is subject to the same terms as Tranche A with one additional condition:
- Users must hold 80% of the tokens distributed in Tranche A to receive tokens in Tranche B
Stage 4: Distribution, Tranche C — $70,000 in VRJAM Blue
Distribution is subject to the same terms as Tranche B
Stage 5: Distribution, Tranche D — $80,000 in VRJAM Blue
Distribution of Tranche D is also subject to community members retaining 80% from the previous Tranche, however the distribution mechanism will not via an airdrop. Instead Community members will be required to manually claim their tokens from the VRJAM Platform and also to attend a celebration feast in Hbarbaian House in true Barbarian style, with games, door prizes, music and merry-making for all!
Additionally, community members who purchased $100 or more of tokens during the IDO Round on Headstarter and still hold 100% of these tokens will receive a 250% weighting and a $50 bonus in VRJAM Blue tokens for their commitment and support!
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The dates for the activation of each following Stage 2 on the 20th of May will be announced during the campaign, however it is generally intended that no more than 3 months will separate any 2 stages.
Get started now by associating VRJAM Blue with your Hedera native wallet, we look forward to welcoming you to the VRJAM family.
To find out more about VRJAM, head to www.vrjam.com or join the conversation on Telegram https://t.me/VRJAMOfficialAnnouncements
