Removing obsolete
Expect renaissance
Q replaces old EQ and GENS to restart tokenomics
Claim your Q
before Jan 16
1 Q
500 EQ
1 Q
4000 GENS
1 Q
300 EQ + 0.001 DOT
Allocation
0 of 7,5M
Countdown
-
Our community voted for these changes
Improve
tokenomics
Carefuly crafted balance of incentives
Enhance
liquidity
Direct incentives to bring LSD and mint EQD
Foster the stablecoin growth
More integrations, more EQD use-cases
Questions & Answers
Why the SWAP?
For those of you who missed it, we suggest you read this article which explains the rationale behind the swap. Additionally please refer to a governance referenda on the swap itself.
When the SWAP?
The Swap starts on 2nd January 2024 12:00 UTC and lasts until roughly 16th January 2024 00:00 UTC (until the actual parachain slot lease end).
What if I don’t do the SWAP?
You will be left with EQ tokens which will become regular tokens, while Q tokens will replace them as a native parachain token
How do I deposit EQ from Ethereum?
Directly in the app.equilibrium.io interface select the EQ token on the deposit popup and follow the instructions.
What is the distribution mechanics?
Depending on what option you use, you get the different SWAP rate. All your Q tokens will be subject to cliff and vesting schedule. You will be able to check corresponding pallets directly in the equilibrium app Additionally your account will be funded with some small amount of Q tokens (<100) to accomodate transaction fees.
All EQs which are received above the initial SWAP rate are subject to team allocation lock schedule: 1 year cliff and 2 year vesting.