11 March, 2022
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End of week update

11 March, 2022

In less than 24 hours, it’s snapshot day!

If you choose to participate, here’s a brief guide depending on your situation so you can make the best decision for yourself. Let’s start with the easiest:

$MLD Trustline

Please set an $MLD trustline on your self-custody wallet (like XUMM) or XRPL address (like your preferred hardware wallet). Hurrian will airdrop 500 million $MLD split between all $MLD trustlines regardless of Lox Trio holdings.

Probit

Probit is not supporting the snapshots or $MLD airdrop. If you have Lox Trio tokens on Probit and wish to participate, it is advised to move your tokens to an XRPL compatible self-custody wallet like XUMM or XRPL address that only you own the keys to unlock.

Self-Custody

If you choose to keep your Lox Trio tokens in self-custody (like XUMM, for example), please ensure you have the $MLD trustline set up. It is not necessary to do it for the snapshot, but if it is not set at the time of the airdrop, you will not receive $MLD. Hurrian has not stated that they will correct user error.

The $MLD trustline can be found through Hurrian and, of course, is searchable on xrpl.services. You can find the tweet here from @XRP_Airdrops, as retweeted by Hurrian, providing guidance. As always, we encourage you to check multiple sources before clicking on any hyperlink to set a trustline.

If you would like more information on trustlines and how they keep your wallet safe for intruders, please check the official documentation on XRPL.org.

Though it is not required, if you have any open orders on the XRPL’s built-in DEX that fill (either sell or buy), before the snapshot, obviously those tokens will no longer be associated with your self-custody wallet. Should you prefer maximum distribution, we would advise you access the XRPL DEX through your preferred interface (e.g. XUMM’s xApp “DEX Trade”, Sologenic, XRDoge, OXP, etc) and close your open orders. If you prefer to execute the order regardless of the snapshot and distribution, please disregard and take no action.

Bitrue

Bitrue is supporting the $MLD airdrop for Lox Trio holders. Bitrue is also supporting a second $MLD airdrop exclusively for $BTR holders. They posted their own blog post regarding how they will support the drops. Bitrue will take their own snapshot and provide Hurrian the data. Of note, these are the basic situations for LOX, SmartNFT, SmartLOX and BTR holders:

ELIGIBLE TOKENS

Any BTR, LOX, SMARTLOX, SMARTNFT in Power Piggy, BTR Lockups, or Yield Farming investments will be in the Bitrue snapshot and eligible to receive this airdrop.

INELIGIBLE TOKENS

Any BTR, LOX, SmartLOX, SmartNFT pledged as collateral for a Bitrue loan will not be included in Bitrue’s snapshot. Hurrian will not receive data on how many tokens nor will Hurrian receive any data on who is using any of these tokens as collateral.

Any BTR, LOX, SmartLOX, SmartNFT in open orders will not be included in Bitrue’s snapshot. Hurrian will not receive data on how many tokens nor will Hurrian receive any data on who has open orders on Bitrue.

Any BTR, LOX, SmartLOX, SmartNFT in the process of being withdrawn will not be included in Bitrue’s snapshot. Hurrian will not receive data on how many tokens nor will Hurrian receive any data on who has open orders on Bitrue. If you have any tokens suspended in this situation, please direct your questions to Hurrian.

Any distributions of MLD that would be below 1 MLD will not be distributed. It seems Bitrue will only drop whole numbers to each account. If you wish to have that clarified, please direct your questions to Bitrue.

Bitrue also states that if your account has been frozen for any reason during the snapshot time, including by your own actions as a result of changing your PIN code or email address, you will not be eligible to receive this airdrop. Please direct any Bitrue specific questions to Bitrue, though our community and ambassadors will try to help if possible.

Wrap Up

A lot of details there to try to get everyone covered! We’re still working on the tasks we mentioned at the beginning of this week and end of last week, but we’re admittedly, busy to ensure this snapshot and airdrop goes as smooth!

Thanks for the support #LoxFamily! And there’s still time to get your final questions in on the snapshot if you visit our Telegram, Discord or Twitter!

Louie
Manager

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