Airdrop Notice for POOLZ Token

Please read below the complete details of the airdrop notice for POOLZ token.

1. Handling of users’ holdings before the attack:

According to the official plan, Poolz Finance will issue a new token called POOLX and airdrop POOLX tokens at a 1:1 ratio to users who held POOLZ tokens before the attack (i.e. at 08:39 AM (IST) on 15th March 2023) and didn’t fully sell their POOLZ tokens after the attack. 

The details are as follows:

Snapshot time: 03:09:00 (UTC) on 15th March 2023

Airdrop ratio: 1:1

Distribution: One-time distribution

2. Handling of users’ holdings after the attack:

Under this plan, users who traded and held POOLZ tokens at 10:13 AM (IST) on 15th March 2023 (after the attack) will receive compensation in the form of POOLX tokens at a ratio of 13:1. Any POOLZ tokens held by users before the attack at 08:39 AM (IST) on 15th March 2023 will not be included in the compensation calculation. 

The details are as follows:

Compensation snapshot time: 10:1 AM (IST) on 15th March 2023

Compensation ratio: 13 POOLZ = 1 POOLX

Compensation distribution: 30% of total compensation will be distributed as the first compensation, 30% will be airdropped in the second month, and the remaining 40% will be sent in the third month.

CoinDCX will subsequently list POOLX once the initial airdrop is complete.

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