老貓
老貓

驗證人,愛閱讀、懶寫作。歡迎交流!Cosmos Validator like reading, Nice to meet you! Twitter / Telegram : oldcatv・Web:https://oldcat.io・Discord:Kcat | Oldcat#1539・Desmos : @oldcat・Liker Social : oldcat

Lum Network Airdrop Implementation (2) - Vote to bury the other half. . . . airdrop

(edited)
Except for OSMO mobile providers who can withdraw 30% of their income immediately, the rest have a 6-month lock-up period (should be unlocked on March 29 this year). It is unlocked in a linear way, that is, all air-conditioning income is fully collected every two years after the airdrop.

In other words, the Lum Network airdrop has two tasks, one for delegation and one for voting. Earlier, Lao Mao wrote a commission. In the past two days, Lum Network specially proposed a proposal for air-drop users to obtain air-conditioning revenue. Users can vote to obtain air-conditioning, and Lao Mao also shared his experience.

You can go to Lum's wallet page to connect your wallet (the wallet on the Cosmos tether, that is, the wallet used for LikeCoin, ATOM, Desmos or OSMO, such as Keplr wallet, Ledger cold wallet are all supported), you can see the main watch after connecting. Edition (Dashboard). Voting is the Governance section, the fifth and last option on the top, enter the page and you will see the ninth proposal (#9 Proposal : Let's Get People Their Airdrop!), press the "Vote" button , Select the option (like LikeCion Chain, there are Yes, No, No with Veto and Abstain) and confirm again, the wallet will ask to confirm the transaction. After the transaction is successful, you will find that the number of Lum coins in the wallet will increase. The ninth proposal is now Active (that is, the proposal is being processed), and interested users can also look at the previous Passed (that is, the proposal that has been notified), and there are Active and Passed options on the page.

Please note that most of the Lum Network airdrop proceeds have a lock-up period, during which they can only be delegated but not cashed. Except for OSMO mobile providers who can withdraw 30% of their income immediately, the rest have a 6-month lock-up period (should be unlocked on March 29 this year). Unlocked in a linear way, that is, all air-conditioning income will be fully collected after two years of airdrop. In the main dashboard (Dashboard), the Vesting Tokens (grey) panel will display the number of locks. When you have free Lum coins (such as withdrawing commission income), the Current Balance (golden) panel will display the free amount.

The coins on Vesting Tokens, that is, the coins that are locked, can only be entrusted anyway. Lao Mao proposes to entrust all the coins on Vesting Tokens at least to avoid loss of income. The validator that supports Lao Mao can be delegated to Lao Mao. In the Staking page of Lum Wallet (the third top option), Lao Mao is currently ranked 79 on the validator list.

References:

About Lum Network:

https://medium.com/lum-network/lum-network-official-launch-4acc3e07d635

Airdrop inquiry page:

https://airdrop.lum.network/

Lum Network empty investment materials:

https://medium.com/lum-network/lum-airdrop-for-atom-stakers-osmo-lps-120d3e472f38

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