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      "body": "Hello welcome to Steemit world! \n I'm @steem.history, who is steem witness. \n This is a recommended post for you.[Newcomers Guide](https://steemitdev.com/guide/@steemitblog/steemit-a-guide-for-newcomers) and [The Complete Steemit Etiquette Guide (Revision 2.0)](https://steemit.com/steem/@steem.history/the-complete-steemit-etiquette-guide-revision-20-homage-1598425779) and, recommended community [Newcomers Community](https://steemit.com/trending/hive-172186) \n I wish you luck to your steemit activities.<center> \n \n \n https://cdn.steemitimages.com/DQmXHwdcNs5VPcBft1iSosPdHLpBNBfjuG84g3ffWhMw5JQ/image.png \n <sub>(The bots avatar has been created using https://robohash.org/)</sub> \n @steem.history \n \n ### My witness activity \n - [My aspiration for STEEM witness](https://steemit.com/hive-185836/@steem.history/my-aspiration-for-steem-witness-1601280729) \n - Provides information on Steem.  \n [Reference](https://steemit.com/trending/hive-130095) \n - Supporting the Steem project. \n [SPUD4STEEM project](https://steemit.com/trending/spud4steem) \n - Supporting the community. \n [Newcomers Community](https://steemit.com/trending/hive-172186),[Steem Sri Lanka](https://steemit.com/trending/hive-133716) ,[WORLD OF XPILAR](https://steemit.com/trending/hive-185836), [GLOBAL STEEM](https://steemit.com/trending/hive-145160), [Scouts](https://steemit.com/trending/hive-181136), [Latino Community](https://steemit.com/trending/hive-188619) \n \n ### My featured posts \n - [The Complete Steemit Etiquette Guide (Revision 2.0) -Homage](https://steemit.com/steem/@steem.history/the-complete-steemit-etiquette-guide-revision-20-homage-1598425779) \n \n [![image.png](https://cdn.steemitimages.com/DQmd7of2TpLGqvckkrReWahnkxMWH6eMg5upXesfsujDCnW/image.png)](https://steemlogin.com/sign/account-witness-vote?witness=steem.history&amp;approve=1) \n <sub>please click it!</sub> \n \n ![image.png](https://cdn.steemitimages.com/DQmWDnFh7Kcgj2gdPc5RgG9Cezc4Bapq8sQQJvrkxR8rx5z/image.png) \n <sub>(Go to https://steemit.com/~witnesses and type fbslo at the bottom of the page)</sub> \n \n </center>",
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      "title": "Upcoming Levana Airdrop: A Comprehensive Guide",
      "body": "The Levana Airdrop is a significant event in the crypto space, marking the distribution of the newly minted Levana token. This post will outline the process, goals, and unique aspects of the airdrop, helping you navigate through its different stages.\n\n\n![Levana.webp](https://cdn.steemitimages.com/DQmPmvZSoovEL9mUmUVfqFnPy5oGYoStrggMtWg1CF35oKY/Levana.webp)\n\n\nWhat is the Levana Token, LVN?\n\nThe Levana token (LVN) was minted on Osmosis last week. It is the cornerstone of the Levana ecosystem. Developed with support from Osmosis, Mintscan, Keplr, and Leap, it aims to align community interests with the protocol, eventually leading to community-driven governance.\n\nLaunching a token and gradually transitioning control to a Decentralized Autonomous Organization (DAO) governed by token holders is a pivotal strategy for Levana protocol. This approach embodies the core ethos of decentralization, a foundational principle of the blockchain and crypto domains.\n\nBy issuing a native token, Levana can incentivize and empower the Levana community user base, fostering a sense of ownership and investment in the protocol’s success. The token acts as a tool for governance, enabling holders to vote on key decisions, ensuring that the direction of the protocol aligns with the community’s interests.\n\nThe transition of control to a DAO targets a multi year process, which will follow gradual emissions, vesting and unlocks, and can be read about in the Levana Token Primer. As more control shifts to a DAO, the protocol benefits from collective intelligence and diverse perspectives, leading to more robust, community-driven innovation and development.\n\nThis democratic governance model also enhances transparency and trust, critical factors in the DeFi space, as decisions are made openly and by a wide range of stakeholders. Ultimately, this transition to DAO-led governance can lead to a more sustainable, user-centric, and resilient DeFi ecosystem.\n\nToken Supply and Utility at Launch\n\n70M tokens, representing 7% of the total supply will be unlocked at launch. Initially, the Levana token will serve as a non-governance token. This means the token launch will initially provide no governance or staking at the time of launch.\n\nFuture Token Utility\n\nIn the long term, the LVN token will evolve into a governance tool. Holders will influence decisions, with the scope of governance expanding over time. This transition will be facilitated through vesting contracts, staking contracts, and compatible on-chain structures. Levana is currently researching the various on-chain governance tools available within the Cosmos ecosystem to identify the ideal tooling to create the path to a fully decentralized on-chain governance system.\n\nPotential Future Staking Rewards\n\nLevana contributors closely monitor the token economic models of protocols such as dYdX, Kujira, and others which distribute fees from the protocol to staked token holders. This real yield distribution is an effective way to align protocol health from all members of the community. Levana’s fee structure is designed in such a way to enable this type of staking reward, should a future DAO move in this direction.\n\nGoals of the Airdrop\n\nThe airdrop’s primary goal is to distribute the token to active community members, aligning their interests with the protocol’s future. It also aims to attract new users to the Cosmos ecosystem.\n\nAirdrop Registration and Eligibility\n\nTo be eligible for the airdrop, users must have completed specific actions within the Levana ecosystem and registered using the same wallet address at https://airdrop.levana.finance. Registration ensures fair distribution and filters out bots.\n\nThe Levana Airdrop has garnered immense interest, with over 30,000 wallets registered to receive the airdrop, reflecting the growing enthusiasm in the crypto community. However, airdrops often face challenges with bots and professional airdrop hunting farms, which can skew the distribution and undermine the purpose of fair and equitable allocation.\n\nLevana is committed to addressing this issue by implementing robust measures to filter out these bad actors, ensuring that the tokens reach genuine participants.\n\nHowever, it’s acknowledged that some potential recipients might miss the registration window due to various reasons. Recognizing the importance of supporting as many real people as possible, Levana will offer multiple opportunities for users to register for the airdrop.\n\nRegistration must happen before a snapshot is announced or the airdrop occurs. The exact deadlines are currently unknown, so there is an advantage in registering early. Todate only a snapshot for the Rekt Dragons (a Levana NFT set on Ethereum) has taken place. Those who miss initial registrations will not be left out, as future phases will allow them to participate and benefit from the airdrop, maintaining the ethos of inclusivity and community engagement.\n\nThis approach not only combats the issue of unfair distribution but also strengthens the community by ensuring wider and fairer participation.\n\nOnce you are registered, assuming you are eligible based on your onchain actions, and able to receive airdrops by the government you reside in, no additional steps are required. Just wait to get the airdrop. Airdrops will occur on multiple blockchains, with the majority distributed on Osmosis. Please follow our Twitter and Discord for more information.\n\nhttps://linktr.ee/levanaprotocol\n\nAirdrop Stages\nThe airdrop is divided into three phases:\n\nFamily Airdrop: \nTargets early adopters, including Levana NFT community members and traders on platforms where Levana perps are deployed, Osmosis, Injective and Sei.\nCommunity Airdrop: \nBroadens to include other community members like Stargaze, Kujira, and Astroport traders.\nFinal Stage: \nFocused on attracting new users to Levana from outside of Cosmos, and bringing those users into the Osmosis build of Levana. This airdrop stage will require recipients to interact with Levana in order to receive their rewards. Details to be announced.\nMissed registrations for an earlier stage will potentially roll over to the next phase or may have some kind of diminished rewards.\n\nPrioritization amongst Airdrop recipients\n\nThe Levana Airdrop is set to distribute a significant total of 20 million tokens across three distinct phases, with a substantial portion, 14 million tokens, earmarked for the first phase.\n\nThis initial phase is particularly focused on rewarding the early supporters and users of Levana’s legacy GameFi products. Notably, 10 million of these tokens are allocated specifically to users who engaged with Levana’s GameFi products that transitioned from Terra to Juno roughly 18 months ago.\n\nOver 400K tokens will be distributed to traders on Levana’s Osmosis deployment, as per the on chain proposal with the Osmosis community pool.\n\nThe preference in terms of the weight of the initial airdrop will focus as follows:\n\nLegacy Levana community members (NFT Egg and Dust Holders)\nTraders on Levana (with a 400K bonus for Osmosis traders)\nxLPs on Levana\nLPs on Levana\nThis allocation strategy underscores Levana’s commitment to recognizing and rewarding its long-term supporters, especially those who have been part of the journey through significant platform transitions. By dedicating a substantial portion of the airdrop to these early adopters, Levana not only acknowledges their loyalty but also reinforces the community’s foundational role in the ecosystem’s growth and evolution.\n\nThis strategic distribution sets a precedent for valuing community engagement and loyalty in the evolving landscape of blockchain and DeFi projects.\n\nToken Launch Timeline\n\nThe token goes live to the public on December 18, with the first airdrop phase starting around December 20. The entire process of the three airdrops is estimated to complete within six months, though this timeline may vary or updated many times.\n\nMid-Term Goals (Next 6 Months)\nLaunch of DAO:\nEstablishment of a DAO: \nWe aim to initiate a Decentralized Autonomous Organization (DAO) to facilitate community-driven governance. This will likely be implemented through DAODAO, integrating support for vested tokens.\nVoting Mechanisms: \nIntroduce a range of voting topics, accompanied by a novel ‘vote and earn’ feature, encouraging active participation in governance.\n\nRoll-Up with Mesh Security\n\nScalability and Security: \nImplement a roll-up solution, in collaboration with Celestia, to significantly enhance the scalability and security aspects of the platform.\n\nStaking Contracts\n\nEarly Launch Potential: \nDevelopment of staking contracts might be accelerated, offering ‘stake and earn’ incentives.\nSecurity and Rewards: \nThese contracts are designed to bolster security while providing rewards to participants.\nProduct Enhancements\n\nReferral Programs: \n\nIntroduce a referral system to expand our user base.\nAdvanced Portfolio Tracking: Enhance portfolio tracking features for better user experience.\nExpansion of Market Options: Add more markets to diversify trading opportunities.\nOnboarding Non-Cosmos Users: Streamline the process for users new to the Cosmos ecosystem.\nCross-Collateral Integration: Explore integration with money markets, possibly UMEE, for cross collateral options.\nCross Margin Trading: Implement cross margin trading features.\nAutomated Vaults: Develop and introduce automated vaults for optimized asset management.\nLong-Term Goals (Next 12 Months)\nIt’s extremely difficult to predict the roadmap to success over the next few years. But we can share ideas that have shown positive feedback from the community and have had success on other platforms.\n\nGrant Program\n\nGamification and Vaults: Launch a grant program focused on simplifying user experience through gamification and the introduction of new vaults. This is expected to increase trading volume and Total Value Locked (TVL).\nPro Membership Plan\n\nNFT-Based Membership: Develop a professional membership plan utilizing NFTs.\n‘Hatched Dragons’ NFTs: Launch ‘Hatched Dragons’ as the inaugural set of NFT membership cards based on the dragon eggs migrated to Juno, adding an exclusive and gamified layer to membership. Similar to the membership cards used on other perps platforms.\n\nKey Considerations for All Phases\nCommunity Engagement: \nMaintain active engagement with the community, continuously gather feedback, and adapt strategies accordingly.\nTransparency: \nUphold a high level of transparency, particularly concerning snapshots, airdrop criteria, and the utility of tokens.\nSecurity Measures: \nImplement and enforce robust security protocols to safeguard token transactions and user data.\nRegulatory Compliance: \nEnsure all operations comply with the prevailing regulations in the cryptocurrency sector.\nMarketing and Partnerships: \nUtilize targeted marketing campaigns and forge strategic partnerships to boost visibility and foster wider adoption of the platform.\n\nThese detailed plans outline a comprehensive roadmap, laying the foundation for sustained growth and innovation in the dynamic world of DeFi.\n\nThis blog post aims to clarify the Levana Airdrop process, from the token’s inception to its future potential. \n\nThis blog post sets out Levana’s plans and intentions as of the date hereof, which may be subject to change and are not guaranteed. The content of this post should not be viewed as financial advice. The contents may be subject to change without notice.\n\nAll forward-looking statements set forth herein and in the proposals are subject to numerous risks, assumptions and uncertainties, including that any token distribution could differ from the verbiage of this article. Some or all features of Levana may not be legal to use in certain jurisdictions, including in the United States with respect to leveraged transactions. No person is solicited to use Levana or is receiving an offer to enter into any transaction, through this post or otherwise. Users are responsible for ensuring their own legal compliance and may be at risk of serious liabilities for violating their local laws or the laws applicable to other users interacting with them on a peer-to-peer basis through Levana. Remember, Cosmos, Osmosis and Levana are experimental technologies.",
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