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Official Announcement Regarding Flamingo Vault FLM Distribution

Official Announcement Regarding Flamingo Vault FLM Distribution

On 2020 September 25, many users were unable to stake in Flamingo Vault V1 due to issues with the Neoline wallet service. In order to address the impact of the event, the Flamingo team plans to distribute 493,540 unallocated FLM which were generated between UTC 13:00:00 to UTC 14:11:33 on 2020 September 25. The distribution will be executed as follows:

Eligibility

All addresses holding nNEO, pONT, pnWBTC, pnwETH, pnUSDT and pnUNI-V2-ETH-WBTC-LP assets from UTC 13:00:00 to UTC 14:11:33 on 2020 September 25 (including both successfully wrapped assets and crosschain assets with their transactions confirmed by Poly Network) will be regarded as valid addresses with mining capabilities.

Distribution Rules

For each eligible address, FLM will be distributed proportionally based on summation of time-weighted share-of-pool (asset pool-share integrated by time) for each asset held in the address between UTC 13:00:00 to UTC 14:11:33, 2020 September 25.

Using nNEO as an example, the calculation formula of FLM distribution is as follows:

Distribution Schedule:

Distribution of the 493540 FLM will start on 2020 October 4 UTC 15:00.

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