The lockdrop is a combination of liquidity “locks” and “airdrops.”That’s what the name combines: liquidity airdrop.
StepEx is going to be community-centric to the max.It’s important to select community recipients who are genuinely interested in being a part of StepEx. Hence, the genesis release is airdropped but with a selection basis.
If you’re adding USDC/USDT liquidity, liquidity of major assets, or even liquidity of some minor assets… bring them to StepEx and get a portion of circulation instantly.
Once the lock period ends, you can withdraw your liquidity if you want. Alternately, you can keep it in StepEx and earn trading fees forever. Nice passive fee income.
To make the system more welcoming to all kinds of participants, there will be different options for liquidity lock times. You can lock for longer periods and earn more SPEX tokens.
If you stake for 10 months versus 3 months, you’re committing for 3.3x longer time. So naturally your token reward should be higher. To motivate those with a longer-term belief in the ecosystem, there’s a premium attached.
While the time difference between 10 and 3 months is 3.3x, the reward benefit is 4.5x. This time-based premium gets bigger if you stake even longer.