|Est. value||$100 HYDRO : 1 PHNX|
Required Tools: Mail KYC
PhoenixDAO is a project that has been started by Hydro community members to bring true decentralization through a fork of the protocols. This includes adding a community based DAO which will oversee all treasury spending on development, marketing, exchange listings and more.
PhoenixDAO and Bittrex are jointly airdropping a total of 44,000,000 PHNX to all HYDRO holders. Create an account at Bittrex and complete your KYC to receive the rewards in 1:100 ratio. For every 100 HYDRO tokens you hold you will get 1 PHNX token. PHNX will be listed on Bittrex on 28th of May 2020.
- Create an account at Bittrex.
- Complete your KYC.
- Deposit your HYDRO tokens to your Bittrex account.
- Bittrex will pause HYDRO deposits and withdrawals on May 26th, 2020, at 17:00:00 UTC, so make sure that you’ve deposited HYDRO to Bittrex before that.
- Bittrex will then take a snapshot of the user’s HYDRO balances on May 26th, 18:00:00 UTC.
- You will get 1 PHNX token for every 100 HYDRO tokens.
- Trading of HYDRO will be re-opened on May 28th, 2020, at 18:00 UTC.
- The distribution will also happen on or before May 28th.
- For more information, see this post.