M3M3 Allocations Breakdown

Proposals
1

We’ve finalized the break-down for M3M3 allocations.

Before we proceed, I ask that you first read our initial post about M3M3 here. Just as another reminder, M3M3 snapshots were taken months ago and trading now will not qualify for the MET airdrop.

We’ve broken down allocations into 2 clear categories

  1. M3M3 Holders: M3M3 held in Wallets, or in DAMM Positions or DLMM

  2. M3M3 Stakers: M3M3 that was specifically staked inside the staking program on m3m3.meteora.ag

As communicated in the earlier proposal, we also did this across 2 snapshots:

  1. March 13, 6:30 AM UTC (When we first announced this initiative)

  2. February 17, 04:18 AM UTC (When Ben Chow’s posted his statement)

We decided to do this, to ensure that more MET goes into the hands of M3M3 stakers, in exchange for their support and also the longer unstake-duration.

We also wanted to make sure that holders of M3M3 that were deployed in DLMM, DAMM were also properly taken care of. For simplicity sake, we decided to lump them together with the M3M3 holders (those who held them in their wallets).

Estimated M3M3 Allocations

image
image1104×488 25 KB

We decided to allocate the same numbers of MET to both M3M3 Holders and Stakers, but because of the difference in amount of M3M3, the amount of MET per M3M3 will differ.

I think we largely agree that stakers will get more, so in my proposed plan they will get roughly 50% more.

We also slightly weighted the snapshot #1 more because the value of m3m3 was much higher. Folks who held through both snapshots will receive both amounts added together.

Reminder: All M3M3 held by Bad Actors were removed, and team wallets (the 25% of supply) has also been removed.

3 Likes
2

1% in total hmm

this should also remove the concern about having insiders getting part of the allo; still gonna hold my tongue on this tho

3

Sweet. I’m up for it. Sold mine for pennies though.

4

Sadly, I’m in the boat of everyone who was in the telegram with Ben on Feb 14th/15th when he mentioned the CTO / Arty take over (LGTB) - and I was one of the likely hundreds of people who sold when we realized all the top wallets were about to unlock and sell.

Literally spent 12+ hours of my life each day helping contribute to the channel/community - my own connectedness to what was happening ended up being my own downfall as I had insight into what was happening a day before the official “snap shot” announcement.

Big sad.

No MET for me (or Shadowfigure) - Two people who were awarded LP ARMY for their contributions to the community - zero.

haha, feels a bit surreal that this is the ending chapter to my crypto career.. LUNA + M3M3.

Anyways, thanks for everything Soju.. (bitter sweet but at least someone out there is getting something)

1 Like
5

Sounds fair enough. Lets putnit past us now and keep growing the pie

6

I hope I did not miss out on the 2nd snapshot. I sold a few days after the incidents because the team did not communicate, and the price plummeted to near 0.