We are working with five exchanges to list LRN, our protocol token on NEO, on May 1st, and we have also finalized the dates for LRN airdrops. In this article, we provide you more related details.

LRN Airdrops

We will airdrop 60% of the max LRN supply to all LRC token holders (not initial ICO participants).

There will be 3 airdrops, scheduled for July 5th , September 5th , and November 5th . In each airdrop, we will airdrop 20% of the max LRN supply to a smart contract on NEO (the Airdrop smart contract) for LRC token holders to claim.

, , and . In each airdrop, we will airdrop 20% of the max LRN supply to a smart contract on NEO (the Airdrop smart contract) for LRC token holders to claim. Each airdrop will have its independent snapshot. If you own 100LRC when a snapshot is taken, your bound NEO address will be credited 2LRN. If you hold 100LRC in all 3 snapshots, you will eventually get 6LRN.

For each airdrop, we will choose a random block to take snapshot within 5 days before the airdrop. There will be no snapshot announcement in ahead but we will definitely announce the block number afterwards.

You have to get your NEO addresses bound before the snapshot is taken. We use the binding information in the snapshot for the airdrop. Addresses bound between a snapshot and its corresponding airdrop will be ignored.

LRN credited to your NEO addresses inside the airdrop smart contract will be linearly unlocked over a two year period. You can withdraw those unlocked LRN whenever you want. Currently, there are no tools available for you to claim the tokens, we’ll develop one for you. Once it is available, we will post another article to guide you through the claiming process.

How to Bind NEO Addresses

1. You will need to perform address binding for all Ethereum addresses that hold LRC token, or you might be better off moving all LRC to one single Ethereum address.

2. Visit https://loopring.io, unlock the Ethereum address that holds your LRC token. Make sure you have some Ether to pay for transactions.

3. Hover over your address on the top-right corner, you will see a drop-down menu, click on Airdrop, then you will see a dialog popped up. Follow the instructions and provide a NEO address, then click on the Bind button to fire a binding transaction.