Onboarding V1 holders to Camelot on Arbitrum
With our launch on Arbitrum just around the corner, the time has come for v1 holders to claim their tokens.
As per previous announcements and based on the two snapshots on 20/05/2022 and 10/10/2022, EXC and GRAIL holders of V1 tokens are eligible for legacy tokens and a discount during the public sale. Only the wallet addresses that qualified for the snapshot will be eligible.
To clarify: Only users who held EXC & GRAIL (V1) tokens in their wallet before the 1st snapshot took place, and held until the 2nd snapshot, are now eligible to claim legacy tokens and to a discount for our public sale — source
What are legacy tokens and how will they work?
- The legacy tokens are called “Legacy EXC” (lEXC)
- Legacy EXC (lEXC) will grant access to the special lEXC pool for the purpose of earning farming emissions
- As soon as the rewards are live on the app, a special lEXC pool will be created
- Stakeholders of the lEXC will share 5% of farming emissions during the first six months after the protocol rewards are live
- The legacy tokens won’t be tradeable and will only grant access to the farming emissions from the lEXC pool
The conversion rates are as follows:
- 1 GRAIL v1 = 2 lEXC
- 1 EXC v1 = 1 lEXC
There is a one-month period during which users can claim legacy tokens (November 7th to December 7th).
The lEXC tokens are claimable on https://app.camelot.exchange/legacy
Regarding the public sale discount that will be provided to legacy token holders:
- All users with a minimum of 100 lEXC will be eligible for a 10% discount during the public sale
- There will be a set of capped amounts depending on the tier, which will be outlined prior to the public sale
We appreciate everyone’s patience, and we want to express our gratitude to everyone who has supported us from the V1 era until now. In every respect, Camelot’s protocol is superior to V1 and we look forward to bringing it to the Arbitrum ecosystem. Our vision of unleashing a native dex that will make permissionless liquidity infrastructure available to everyone will soon become a reality.
There will be plenty of exciting news for Camelot in November. Stay tuned for upcoming announcements.
Fellow knights, thank you for your continued support!
Main Telegram: https://t.me/camelotdex
Announcement Telegram: https://t.me/camelotdexann