Stack or Skip Campaign FAQ
1. What is Stack or Skip?
In preparation for the liquid token event, the Minterest team is recalibrating Minterest's tokenomics in the fairest and most equitable way for all token holders to ensure a successful launch. These decisions include our Community Allocation Event (CAE) users, who are the most sensitive to tokenomics changes. We have considered their position carefully and are now running a two-week campaign called 'Stack or Skip' exclusively to support them.
Stack or Skip provides CAE users with a real choice:
Stack a 20% MINTY bonus with the following updated unlock schedule
Standard CAE: 3-month cliff post-listing, followed by a 6-month linear vest
Lock & Load CAE: 6-month cliff post-listing, followed by a 12-month linear vest
Use the CAE Calculator to preview your updated balance
Skip it entirely and opt for a total return of your initial contribution made during the CAE. This includes forfeiting all MINTY tokens related to your participation in the CAE.
All cliffs and vestings will begin from Minterest's listing event (approx end May).
Note: All balances and vesting schedules on the Minterest App will be updated accordingly prior to listing.
2. Can I have an example of the updated vesting terms?
Standard CAE: Under prior tokenomics, a Standard CAE user had a full token unlock at listing. Under the updated unlock schedule, the user will now begin receiving their MINTY tokens 3 months after listing. After the 3 month cliff is complete, the tokens will unlock over 6 months linearly, meaning token unlocks are available to withdraw every block over those 6 months.
Lock and Load CAE: Under prior tokenomics, an L&L CAE user would have had 10 months remaining on a linear vest as of April 2024. Under the updated unlock schedule, the user will now begin receiving their MINTY tokens 6 months after listing. After the 3 month cliff is complete, the tokens will unlock over 12 months linearly, meaning token unlocks are available to withdraw every block over those 12 months.
3. How do I participate?
Navigate to app.minterest.com
Login via your CAE wallet address on the Ethereum Network (not Mantle Network)
Go to your Dashboard: app.minterest.com/dashboard
Select the choice that fits you and sign the transaction using your wallet to confirm the decision
If you choose to Stack, your vested balance, including the 20% bonus, will be reflected on your dashboard before listing. Use the CAE Calculator to preview your updated balance.
If you choose to Skip, the return of contributions schedule will be announced after the campaign concludes.
4. What is the duration of the campaign?
The campaign runs until April 26, 00:00 UTC.
5. What does a Cliff mean?
The cliff means unlocking tokens will not begin until the cliff period is complete.
6. I am a Lock & Load CAE participant. Am I eligible for Stack or Skip?
Yes, Lock & Load CAE participants are eligible for Stack or Skip.
7. If I opt to Stack, what is my average CAE price for MINTY?
Use the handy Minterest CAE calculator to understand your average CAE price for MINTY
8. If I opt to Stack, when and how many additional tokens will be distributed?
CAE participants who choose to Stack will receive a 20% increase in token allocation. The updated unlock terms are
Standard CAE: 3-month cliff post-listing, followed by a 6-month linear vest
Lock & Load CAE: 3-month cliff post-listing, followed by a 12-month linear vest
9. If I opt to Stack, which Network will receive my bonus tokens?
All tokens will be received on the Ethereum Network.
10. If I opt to Stack, are there any conditions under which the lock-up can be terminated earlier?
There are no early terminations when electing to Stack
11. I participated in both the CAE and LBP separately. If I opt to Skip, am I eligible for a return on both my CAE and LBP contributions?
Users are eligible to receive a return on their CAE contribution only. Choosing Skip includes forfeiting all MINTY tokens related to your participation in the CAE.
12. If I choose to Skip, where will I receive my contribution back?
Your contribution will be returned to the MINTY wallet address designated for the CAE but on the network from where your contribution originated - BNB Chain or Ethereum network. Choosing Skip includes forfeiting all MINTY tokens related to your participation in the CAE.
13. If I choose to Skip, how will I receive the return of contributions, and how long will it take to receive it?
Returns will be done before listing. Once the Stack or Skip campaign is complete, we will announce the timeline for returning the initial contribution. At this point, no action is needed, as the contribution will be returned to the MINTY wallet address designated for the CAE but on the originating network—the BNB Chain or Ethereum network.
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