Solayer Genesis Drop Introduces $LAYER: How to Check Eligibility, TGE and Listing Date

The Solayer Genesis Drop marks a significant event in the crypto space, introducing the $LAYER token, which serves as the native governance token for the Solayer ecosystem. The airdrop aims to reward early participants and supporters of the Solayer project. The total supply of $LAYER is capped at 1 billion tokens, with an initial circulation of 220 million. The allocation includes over 50% dedicated to the community and ecosystem, reflecting a commitment to fostering user engagement.

This guide provides a comprehensive overview of the airdrop, detailing eligibility criteria, important dates, and steps to maximize your chances of receiving the airdrop.

What is Solayer?

Solayer is a decentralized platform built on the Solana blockchain, focusing on creating a robust restaking network. Its primary goal is to enhance the utility of staked assets while providing advanced cloud infrastructure for decentralized applications (dApps).

With the introduction of the $LAYER token, Solayer aims to empower its community and facilitate key decisions regarding the future development of the platform.

Key Features of the Solayer Ecosystem

• Restaking Protocol: Solayer allows users to maximize the rewards on their staked SOL and Solana-based Liquid Staking Tokens (LSTs).
• sSOL Token: Users can receive sSOL upon depositing SOL or eligible LSTs, enabling them to participate in various decentralized finance (DeFi) strategies.
• sUSD: A synthetic stablecoin backed by real-world assets, offering yield-bearing opportunities tied to U.S. Treasury Bills.
• Community-Centric Tokenomics: Over 50% of the total supply of $LAYER is allocated to the community and ecosystem, fostering growth and engagement.

Solayer Genesis Drop Airdrop Details

Important Dates

1. Airdrop Eligibility Checker Launch: February 7, 2025
2. Allocation Checker: February 10, 2025
3. Token Generation Event (TGE) & Claim Start: February 11, 2025

Airdrop Snapshot

The first snapshot for the airdrop took place on January 5, 2025. Two additional snapshots are expected before the airdrop distribution occurs. Participants are encouraged to check their eligibility before the allocation goes live.

Total Supply of $LAYER token

The total supply of the $LAYER token is capped at 1 billion tokens, with an initial circulation of 220 million tokens. The allocation is as follows:

• Community and Ecosystem: 51.23%
• Core Contributors and Advisors: 17.11%
• Investors: 16.66%
• Solayer Foundation: 15%

Eligibility Criteria of Solayer Genesis Drop

To qualify for the Solayer Genesis Drop airdrop, participants must meet specific eligibility requirements. The following criteria will determine qualification:

1. Participation in the Airdrop Checker: Users must verify their eligibility through the airdrop checker available on the Solayer website.
2. Address Qualification: A total of 250,000 addresses will be eligible, with 200,000 addresses selected to receive the airdrop.
3. Active Participation: Engaging in Solayer activities, such as depositing native SOL, completing referral tasks, and interacting with liquidity pools, will enhance eligibility.

How to Participate in the Solayer Genesis Drop Airdrop

Step 1: Engage with the Platform for Chances of Eligibility

To increase chances of eligibility for the airdrop and maximizing rewards, follow these steps:

• Deposit SOL: Deposit your native SOL into the Solayer platform.
• Complete Referral Tasks: Share your referral link with others to enhance your engagement metrics.
• Stake and Delegate: Stake your assets or delegate to liquidity pools on the Solayer platform to further increase your participation.

Step 2: Verify Your Eligibility

• Visit the Solayer eligibility checker.
• Connect your wallet to see if you qualify for the airdrop.

Step 3: Monitor Airdrop Updates

Stay updated on any announcements related to the airdrop. Follow Solayer on their official channels, such as social media and community forums, for real-time information.

Listing Date of $LAYER

Important Listing Information

The listing of the $LAYER token is scheduled to coincide with the Token Generation Event (TGE) on February 11, 2025. During this event, participants will have the opportunity to trade their tokens on exchanges.

• Exchange: To be announced
• Trading Pair: LAYER/USDT
• Deposit Availability: Users can deposit their tokens starting February 11, 2025.
• Trading Start: Trading will commence on February 11, 2025.
• Withdrawal Availability: Users will be able to withdraw their tokens starting on the same day.

Token Generation Event (TGE)

The Token Generation Event (TGE) is scheduled for February 11, 2025. During this event, participants will be able to claim their $LAYER tokens. The airdrop will not have a vesting period for the 12% allocated for the Genesis Drop, meaning recipients can access their tokens immediately.

Important TGE Details

• Listing Date: February 11, 2025
• Trading Pair: LAYER/USDT
• Deposit and Withdrawal Availability: Users will be able to deposit, trade, and withdraw their tokens starting from the TGE date.

Understanding $LAYER Tokenomics

The tokenomics of $LAYER play a crucial role in its distribution and community engagement. Here’s a breakdown of the allocation:

• Community and Ecosystem (51.23%): This allocation is aimed at supporting Solayer’s growth through research and development, community events, and early adopters' incentives.
• Core Contributors (17.11%): These tokens are reserved for the team and advisors who have significantly contributed to the project’s development.
• Investors (16.66%): Tokens allocated to investors who have provided funding for the project’s growth.
• Solayer Foundation (15%): This portion will support the foundation's initiatives to expand the platform and foster network development.

The Genesis Drop and Emerald Card Community Sale will be fully unvested at launch. Community incentives will vest linearly over a period of six months. The allocations for the Community & Ecosystem and the Foundation will vest every three months over a four-year timeline.

For the Team and Advisors, there will be a one-year cliff, followed by three years of linear vesting. Investors will also experience a one-year cliff, with subsequent linear vesting over two years.

What Are Episodes?

Solayer’s Episodes represent a distinct reward framework designed to correlate with product releases on the platform. Each episode monitors community engagement and allows Solayer to compensate users based on their contributions.

As the platform develops, these episodes lay the groundwork for future token allocations, establishing a direct relationship between user participation and rewards.

Actions Required for Episode 1

To participate in Episode 1 and enhance your chances for airdrop allocations, you should complete the following actions:

• Deposit Native SOL: Ensure you have deposited your native SOL into the platform.
• Complete a Referral Task: Engage with the community by completing referral tasks.
• Stake, Delegate, or Interact with Liquidity Pools: Actively participate in the platform’s liquidity pools to meet engagement metrics.

Users who fulfill these criteria may qualify for increased airdrop allocations once the native token is launched.

Episode 2 Launch

Episode 2 is also launched.  Participants can connect their wallets and sign the message to begin the process. To be eligible for rewards in Episode 2, you must complete at least three of the following actions:

• Stake a minimum of 10 SOL to receive a referral link.
• Participate in Episode 1.
• Engage in at least three Epochs.
• Refer someone who has restaked their assets.
• Utilize sSOL within DeFi partner protocols (such as Kamino, Orca, or Solend).
• Delegate to Endogenous AVS or refer someone who has restaked.
• Restake an exchange-backed Liquid Staking Token (LST) like BNSOL or BBSOL.

Episode 2 emphasizes restaking, Endogenous AVS delegation, the use of sSOL in DeFi, and engagement with exchange-backed LSTs. Make sure to complete the required actions to maximize your eligibility for rewards!

Maximizing Airdrop Potential

Solayer’s airdrop strategy aims to recognize dedicated participants through specific engagement metrics. The following factors will influence reward calculations:

• Deposit Amount: The total amount of SOL deposited.
• Duration of the Deposit: How long the assets are held within the platform.
• Higher Multipliers for Native SOL Deposits: Additional benefits for those who deposit native SOL.

Solayer (LAYER) on Binance HODLer Airdrops Guide

Solayer (LAYER) is the eighth project featured on Binance's HODLer Airdrops page. This initiative rewards BNB holders with token airdrops based on their historical BNB balances.

Solayer (LAYER) on Binance HODLer Airdrops Details

Token Information

• Token Name: Solayer (LAYER)
• Total Token Supply: 1,000,000,000 LAYER
• Max Token Supply: 1,000,000,000 LAYER
• HODLer Airdrops Token Rewards: 30,000,000 LAYER (3% of total token supply)
• Additional Allocation for Marketing: 20,000,000 LAYER will be allocated to marketing campaigns three months after the spot listing.
• Circulating Supply upon Listing on Binance: 210,000,000 LAYER (21% of total token supply)
• Smart Contract Details: Solana (LAYER4xPpTCb3QL8S9u41EAhAX7mhBn8Q6xMTwY2Yzc)
• Listing Fee: 0

Token Distribution Timeline

• Airdrop Subscription Period: Users must subscribe their BNB to Simple Earn from 2025-02-01 00:00 (UTC) to 2025-02-05 23:59 (UTC).
• Airdrop Distribution Announcement: Estimated to be available within 6 hours after the subscription period ends.
• Tokens in Users’ Spot Accounts: Tokens will be distributed 1 hour prior to trading commencement.
• Trading Start Date: LAYER will be listed on 2025-02-11 14:00 (UTC), available for trading against BTC, USDT, USDC, BNB, FDUSD, and TRY pairs.

Solayer (LAYER) on Binance HODLer Airdrop Eligibility Criteria

BNB Holding Requirements

To qualify for the HODLer Airdrops, users must adhere to the following BNB holding cap:

• BNB Holding Hard Cap: User’s average BNB holding / total average BNB holding * 100% ≤ 4%
• If the holding ratio exceeds 4%, the BNB holding ratio will be capped at 4%.

How to Participate in the Solayer (LAYER) on Binance HODLer  Airdrop

Step-by-Step Instructions

1. Access Binance Account:

• Log into your Binance account. If you don’t have an account, you will need to create one.

2. Navigate to Earn:

• Go to the [Earn] section on the Binance platform.

3. Subscribe to Simple Earn:

• Search for BNB and subscribe to Simple Earn products. You can choose between Flexible and/or Locked options based on your preferences.

4. Monitor Your BNB Balance:

• Binance will take multiple snapshots of user balances and total pool balances each hour to calculate your average balances in Simple Earn products.

5. Understand Reward Calculation:

• The reward calculation for HODLer Airdrops will utilize historical snapshots taken at random times after the announcement. For example, snapshots for rewards on 2024-06-11 may reference balances from 2024-06-01 to 2024-06-07.

6. Receive Rewards:

• Eligible users will receive their HODLer Airdrops rewards in their Spot Wallets within 24 hours after the airdrop announcement.

Conclusion

The Solayer Genesis Drop presents an exciting opportunity for cryptocurrency enthusiasts to engage with a burgeoning platform on the Solana blockchain. By participating in the airdrop, users can become part of the Solayer ecosystem and benefit from the innovative features it offers.

Following the steps outlined in this guide will ensure you are well-prepared to take advantage of this opportunity.

Disclaimer

This guide is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry risks, and participants should conduct their own research before engaging in any activities. Ensure that you understand the terms and conditions of the Solayer Genesis Drop and the associated risks before participating.

It is crucial to stay informed about market trends and project updates. Diversifying your investments can help mitigate potential losses. Always consider consulting with a financial advisor if you are unsure about your investment strategies.