xGRAIL holders will receive an airdrop of xCYPH and a whitelist allocation for the ICO on 11th Dec.
The snapshot will close on 8th December.
To be eligible, holders must have xGRAIL that is staked or not vesting.
The airdrop will be distributed after the CYPH ICO 🧵/1
CYPH leverages the liquidity infra that Camelot has developed, using it as a foundation to support builders on Ethereum Mainnet.
As it currently stands, 9k xGRAIL is currently eligible to receive 30,000,000 xCYPH tokens, equivalent to 3% of the total supply. /2
Holders of 10+ xGRAIL get a $5,000 whitelist allocation. Holders of >1 and <10 xGRAIL get a $500 allocation.
The ICO begins next week, on December 11th, and will be open exclusively to whitelisted users for the first 24 hours. /3
Camelot is fully-focused on creating the Orbital Liquidity Network and ecosystem hub for Arbitrum.
Cypher expands on this mission by returning to Mainnet - a platform for new L1 native builders.
This creates the path for L1 native launches to bridge to Arbitrum. /3
Currently, the Castle is preparing for the launch of RobinHood Chain - an upcoming L2 built on the Arbitrum stack.
This will be a significant expansion to the Orbital network, and it will mark a key milestone for Camelot's journey.
The Quest for the Holy $Grail continues 4/4
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