Lockdrop Allocation Formula

Concluding Parameters

From the Lockdrop Conclusion Metrics page, backed up here:

The final ETH/EDG ratio is 1 ETH : 1,156 EDG.

Parameter

Value

Total Locked ETH

1,199,728 ETH

Total Signalled ETH

4,346,544 ETH

EDG Distributed to Lockers

64.1%

EDG Distributed to Signals

25.9

EDG Distributed via Genesis

10%

Effective Lockers ETH

2772238 ETH

Number of ETH Addresses participating in Locks

2869

Number of ETH Addresses Participating in Signals

1922

Effective Signalers ETH

1120407 ETH

Network Launch Date

Feb 17 2020

ETH in Generalized Locks

313,872 ETH

Additional effective ETH attributable to generalized lock

251,098 ETH

Effective ETH is contributed ETH modified by the bonus, lock weight and EDG/ETH ratio.

Lock-Allocation Calculation

In the lockdrop event, the number of EDG actually obtained by each locking user is determined by a formula:

timingBonusModiferlockWeightuserETHLocked(totalEDG/totalETH)timingBonusModifer * lockWeight * userETHLocked*(totalEDG/totalETH)

Variables

Timing Bonus Ratio: User-Controlled Parameter. The earlier you lock in the event schedule's 7 bonus periods, the higher this bonus modifier is. Per the above schedule, the parameter options are:

Time Period

Bonus Modifer

June 1 - June 15

1.5

June 16- June 30

1.35

July 1 - July 15

1.23

July 16 - July 30

1.14

July 31 - August 14

1.08

August 15- August 29

1.05

August 30 - August 31

1

Weight: User-Controlled Parameter. Participating via a three-month lock will get 1(weight) when distributing EDG tokens; Participating via a twelve-month lock will get 2.2 (weight) when distributing EDG tokens.

User's Locked ETH: User-Controlled Parameter The specific number of ETH the user locks.

Total Allocatable EDG: System Parameter Total EDG in at Edgeware genesis is 5 billion, or 5,000,000,000. 4.5 billion is distributed via the lockdrop event. Therefore, total allocatable EDG is 4,500,000,000.

Total Locked ETH: Aggregated User Contribution The total number of ETH locked.

Ratio of EDG to ETH: The number of lockdropped EDGs that one ETH can obtain. This parameter cannot be known until the end of the lockdrop event because the total ETH locked must be known. Since the event closed and stats have been published, it is understood to be 1 ETH : 1,156 EDG.