Final v3 Airdrop distribution

TLDR: Airdrop of 25% of the $FRNX token supply to my $DTF supporters is guaranteed. I have heard you and have made adjustments to the airdrop distribution. This is how I will distribute it.

My entire journey started with $DTF, launched on PdF. It will always be important to me.

Because I fair launched it, I have very limited funds to pay for devs. I am reliant on grants & donations to build the product, which makes attracting and retaining top talent a challenge.

To build Franklin X Protocol, I needed a new vehicle that would allow me to raise funds for a proper dev team, with the $FRNX token to help drive protocol revenue growth. This allowed me to bring in capital and to continue development work.

Even with the new vehicle, I want to reward my earliest supporters. Therefore, I maintain my earlier commitment to distribute 25% of the token supply of $FRNX to $DTF holders.

This 25% airdrop, dedicated to my loyal $DTF supporters, is held at the following address: https://solscan.io/address/HyhQELM4RnK3o2vJqAsQsXwEiW5nW8REGDrcFNWM51oi

How do I distribute the airdrop to my supporters, without creating sell pressure?

The reality is that with any airdrop, many (not all) users will dump the airdrop. This creates down-only sell pressure which is not fair to $FRNX buyers. I therefore need to balance everything out:

I want to support $DTF holders, and reward them for maintaining their support.

I want to support every $DTF holder and also recognize those who have held it the longest.

I want to support $FRNX buyers, and make sure that any airdrop is tied to long-term growth of the protocol revenues.

Protocol revenues for $FRNX, even at an early stage, is already growing. You can see it here at this link. Revenue

I am sharing this detailed airdrop distribution plan to everyone, so that I can get the community’s comments, thoughts and support over it (after any additional refinement). I hope this airdrop distribution is sustainable and fair to everyone.

NOTE 1: I have adjusted this for recent community discussions. The key changes I made are:

Half the airdrop distributed next week. Half over time.

Previously, 5% next week, 20% later.

Airdrop to be in the form of staked $FRNX. You can unstake it, 21-day unstaking period.

Previously, the airdrop distributed next week was locked till end of the year.

Lowered the milestones by half to trigger remainder distribution.

Previously 1% for every $500k in 30D revenue, now 1% for every $250k in 30D revenue. Previously $10m in 30D revenue to reach full distribution, now $3.25m in 30D revenue to reach full distribution.

NOTE 2: We are making an adjustment to reward the DTF holders who did not sell before the airdrop, or who buy back their DTF before the airdrop. This is the Extra Loyal Holders group.

Step 1: Average snapshot of $DTF holders over 90 days from 1 Dec 2024 to 28 Feb 2025 (the “OG Holders”).

This is a daily snapshot based on 08:00 UTC time.

This is 90 days of snapshot, so everyone has been included.

This 1st 90 days of snapshot is called the “OG Holders Snapshot”. I am also building additional daily snapshots from 1 March 2025 onwards.

Example of the average snapshot approach

ㅤ	Day 1	Day 2	Day 3	Total	Weighted average
Holder A	250	450	500	1200	400
Holder B	250	50	0	300	100
Holder C	250	300	350	900	300
Holder D	250	200	150	600	200
Total supply	1000	1000	1000	3000	1000

As you can see from the average snapshot, every single $DTF holder throughout the period has been accounted for. We will capture your average holdings of $DTF throughout the 90 day period.

Step 2: Capture $DTF holders that did not sell their $DTF before the airdrop, or bought back their $DTF before the airdrop (the “Extra Loyal Holders”).

We will take a snapshot at the point of the airdrop.

We will use this snapshot to create a new snapshot based on an adjustment to the OG Holders Snapshot.

The adjusted snapshot is the OG Holders Snapshot minus (i.e. excluding) $DTF holders that sold part or all of their $DTF before the airdrop.

If you have a reduced balance, or zero balance, of $DTF before the airdrop, you will be excluded from this adjusted snapshot.
Prior to the airdrop, there is a chance for everyone to recover their $DTF positions back: They can buyback all of the $DTF they sold before the airdrop.

We call this the “Extra Loyal Holders Snapshot”.

Step 3: Distribute 25% of the token supply of $FRNX to $DTF holders.

For the 25% of the token supply of $FRNX to $DTF holders, I propose to distribute:

Distribute next week: 12.5% of the token supply of $FRNX to $DTF holders based on the average 90-day snapshot above.

50% of the airdrop will be distributed to the OG Holders Snapshot. This will be distributed next week, (as our CTO works on a way to distribute it as such) as staked $FRNX, with a standard 21-day unstaking period if you choose to unstake.
50% of the airdrop will be distributed to the Extra Loyal Holders Snapshot.

Distribute remainder over time: 12.5% of the token supply of $FRNX to $DTF holders, distributed in tranches whenever the protocol revenues hit a milestone.

When historical 30-day protocol revenues are US$250k, 1% of the token supply will be released to $DTF holders.

This airdrop is distributed as staked $FRNX tokens with a standard 21-day unstaking period.
10% of the airdrop will go to the OG Holders snapshot.
10% of the airdrop will go to the Extra Loyal Holders snapshot.
80% of the airdrop will go to a average snapshot of $DTF holders in the immediate 30-day period before the 30-day protocol revenues reached US$250k. This means that anyone who keeps adding to their $DTF position will be rewarded.

When it reaches US$500k, we will release another 1%. US$750k, another 1%. US$1 mil, another 1%. For the last 0.5%, it will trigger at US$3.25 mil in historical 30-day protocol revenues, at which point the airdrop will be fully distributed.

The airdrop will be distributed as staked $FRNX tokens (with the standard 21-day unstaking period). You are free to continue benefiting from the growth of the protocol revenues - or unstaking them and selling them. Your choice!

Here are some commonly asked questions that I expect to receive

“When will snapshots be taken? I am new to DTF, will I qualify for the airdrop?”

My principle here is “No one left behind”.

As you can see above, there will be daily snapshots recorded. So even if you started adding your $DTF position in future, you will qualify to receive some future $FRNX airdrop.

We have recognized loyalty by creating an OG Holders snapshot. This is the 1st 90 days snapshot from 1 December 2024 to 28 February 2025.

Daily snapshots prevents anyone from trying to “game” the airdrop.

Old or new, you will be recognized - and you will be rewarded.

“I am an $FRNX holder. Will this airdrop cause people to sell the token?”

Rest assured that I will look after your interests. For part of the airdrop distribution, I am releasing it based on revenue milestones. For example, if historical 30 day revenues are US$250k, that will mean there is US$125k in token buybacks. This should help offset any sell pressure from an airdrop.

Give the team and me a window of time: We are going to drive the growth of protocol revenues significantly.

I am confident that there is some part of the community that will want to continue benefiting from a revenue-generating protocol.

We have come this far and I need your support

For both $DTF and $FRNX holders, please help me grow the protocol revenue targets. The more people use the protocol and derive financial benefits from the protocol, the more we win collectively. My goal is to build Franklin X to be our Alpha signal in the crypto market.

I hope you can understand and appreciate the airdrop distribution process. You can see that I am trying to minimize any adverse airdrop sell-off effects, and ensure that any airdrop is real long-term value for its recipients.

Thank you.

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