Hello pSTAKE Community, Wanted to share an update on the

Question

Hello pSTAKE Community, Wanted to share an update on the

behalf of the whole team. We have been trying to push the distribution for Coinlist sale participants and Airdrop/Retroactive Reward recipients.

Due to the Persistence Core Chain's IBC version we have hit some technical limitations due to following activities are impacted:

1. Airdrop + Retroactive Rewards will not be distributed today. The revised date for distribution is tentatively March 8th, 2022.

2. Osmosis Pool will also go live on March 8th, 2022 instead of today.

3. https://bridge.persistence.one limits the number of tokens transferred from Gravity Chain to Persistence, hence we have decided to pause it for now. It will go live in the first week of March.

What's the exact limitation?

The current IBC version adopted by Persistence Core Chain only allows to send on average 5 $PSTAKE tokens successfully through IBC (due to high decimal value of $PSTAKE token).

Persistence Core chain is upgrading on March 3rd which will resolve this issue and enable to team to airdrop $PSTAKE tokens, resume bridge.persistence.one and bootstrap $PSTAKE/$OSMO pool on Osmosis.

Chain upgrade proposal (successfully passed): https://www.mintscan.io/persistence/proposals/3

The team spent days extensively testing all the components for bootstrapping $PSTAKE use-cases in the Cosmos ecosystem but all the testings were performed with small amounts. Hence, the large sums of $PSTAKE tokens came out to be a corner case.

#cryptocurrency #english #persistence

0

25.02.2022

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Eddy F · Accepted Answer

Eddy F

Hello, I am sure you hae been told this before, but the airdrop confirmation pop up window where it discloses one's address still reads Feb 24th for airdrop date, changing it to March 8th will save you admins a lot of headaches 😉 Also, at the bottom it stays staking 20 Atoms or 100 XPRT is required to receive the subsequent airdopss, is 100 XPRT still an option? Thanks for the clarification

0

03.03.2022

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