Secret TERP & THIOL Headstash
The Secret Headstash Airdrop is an ownership distribution event, decentralizing decision making & ownership of Terp Network.
At the time of this writing, there is an active headstash airdrop contract deployed and funded, however any claim that occurs is public. This was viewed as a flaw in respect to the privacy of the individuals choosing to participate.
Concept
This Headstash is designed so eligible ethereum wallet addresses verify ownership in order to claim TERP & THIOL with a fresh interchain compatible wallet, without creating an on-chain correlation between the two addresses.
This is possible due to Secret Network's trusted execution environment, where smart contracts can have internal states that are not public.
Initial Snapshot details
The following communities were included in the first secret headstash:
Calculations to determine allocations to snapshot method minimize whales of these projects disproportionally receiving large amounts, by making use of a piecewise-linear curve. You can find the repository with airdrop details & calculation here.
If you would like to see a cannabis & web3 project included in the airdrop, please reach out to the community via Discord or Telegram! A governance proposal is required in order to make any decision on the included communities, and a snapshot export that can be verified of its authenticity is expected.
Next Steps
A user-interface is being finalized to make claiming the headstash simple and convenient, along with tutorial guides, and a testnet deployment. We encourage decentralized communities with a focus on infusing cannabis & web-3 to join the Discord and suggest to include their holders in the upcoming headstash distribution.
Information provided in this post is for general informational purposes only and does not constitute formal investment advice. Please do your own research and verify before relying on any information.