TLDR
- Atlas DEX is using Socean Streams to power its first community airdrop.
- 100,000 ATS tokens will be given out to supporters and will unlock linearly over 6 months (b180ATS).
- This allows Atlas DEX to reward its early supporters with ATS tokens, while controlling its token inflation rate.
- You will be able to unlock your bATS tokens on the 14th of February, 2022.
We’re incredibly pleased to announce that Atlas DEX will be using Socean Streams to power their community airdrop. 100,000 ATS tokens will be given out to early supporters and will unlock linearly over 6 months.
Atlas DEX is a cross-chain DEX aggregator, designed to create a seamless trading experience for anyone looking to exchange tokens. The platform enables swapping across leading blockchains such as Solana, Ethereum, Binance Smart Chain, Polygon and more.
Socean Streams is a marketplace to buy, sell, and vest bonded governance tokens. Atlas DEX is rewarding their early supporters by airdropping bonded ATS tokens.
Those who receive these tokens will be able to unlock them in the Socean Streams UI.
Why is Atlas DEX using Socean Streams?
Socean Streams allows Atlas DEX to control its token supply inflation. By distributing bonded tokens instead of tokens, Atlas DEX slows down ATS token inflation, which is healthier for the supply of the ATS token.
In the future, Atlas DEX will also consider using bATS sales as a way to purchase liquidity for the ATS token.
Here’s what NFT Maximalist, Co-founder of Atlas DEX, has to say:
We’re excited about our long-term partnership with Socean. This collaboration allows Atlas DEX to explore novel token distribution mechanisms, such as our bonded ATS tokens to our early supporters.
How do I unlock my bATS?
bATS will be available to unlock on the 14th of February, 2022. Go to https://socean.fi/app/streams to start vesting bATS.
See the below video to see how to start vesting your bATS:
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