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FAQ

Get questions answered about workflow leading up to the airdrop, during the airdrop, and possibilities for after the airdrop of TERP & THIOL tokens.

Welcome! Terp Network is preparing for another push for decentralizing direct ownership of the protocol.

Hasn’t there already been an airdrop for Terp Network?​

Yes! During the rollout of the network, the initial distribution of TERP & (formerly named PERSY) THIOL’s were vested to:

  • $ATOM holders, the staking token for Cosmos Network
  • $BITCANNA holders, the staking token for another cannabis focused blockchain project.
  • Testnet Scavengers
  • Testnet OG's
  • TerpNET Foundation

Along with the initial distribution, a governance proposal passed that approved an airdrop to a number of cannabis & web3 focused communities. This airdrop is currently active and available to be claimed through a smart contract deployed onto main-net of Terp Network.

Can my favorite cannabis web-3 project also be included in the Terp Network Headstash?​

If you would like to see a cannabis & web3 project included in the airdrop, please reach out to the community! 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 required.

When will the airdrop be able to be claimed?​

There is no set timeline for the Secret Headstash Airdrop. There will be a proposal to set the claim window of the secret headstash airdrop for 2 years, where upon the end of this window, any unclaimed tokens will be clawed-backed and burned from the total supply.

Is the airdrop going to appear in my Metamask wallet automatically?​

The secret headstash airdrop will not appear in your wallet automatically — you will need to manually claim the TERP & THIOL from a wallet compatible with Terp Network (and the broader cosmos ecosystem), through the airdrop website.

What wallet will I need for the airdrop?​

There are a number of compatible wallets to claim your secret headstash airdrop. Keplr & Leap are two of the leading wallets for the cosmos. You can also use a cold-wallet such as Ledger. The Heastash claim will not be compaible with Metamask Snaps' feature.

Where and when can I buy additional TERP & THIOL?​

At the time of writing, there are no active liquidity pools for TERP or THIOL available. There are a number of viable paths in order to bootstrap liquidity, however open discussions with community members is still needed.

I want to test out claiming the airdrop. When can I do this?​

A push to make public the testnet deployment of the secret headstash airdrop is underway & the priority of our contributors. Expect public announcements from all community channels as soon as this deployment is ready!

What are the tokenomics of TERP & THIOL?​

The tokenomics of Terp Network are of the dual-token model. TERP, the native staking token started with a total supply of 420,000,000. There is no inflationary rewards for TERP tokens. THIOL’s are the native gas token of Terp Network. THIOL’s are spent during on-chain transactions, and are rewarded to TERP stakers, in the form of inflationary reward blocks. There were 420,000,000 THIOL tokens during the network genesis, and at the time of writing this, there are now 779,554,268 . More details about the initial tokenomics of Terp Network can be found here.

Interested in the economics of Terp Network? Be sure to join in on the discussion in the Terp Network discord!

Conclusion​

Thank you to everyone involved in the Terp Network community. It has been over a year since Terp Networks existence, and the excitement around getting direct ownership into communities of web3 & cannabis has grown with each day; and now with privacy as the priority!