This is a supplementary article to the AllianceBlock Nexera Token Distribution Portal Guide, where we detailed NXRA Token Information, and a step-by-step guide on using the NXRA Token Distribution Portal. This article will provide sample scenarios and calculations to understand better how much NXRA users can claim.
The token distribution scheme takes into account the periods in between the following times (Relevant Time Periods):
- BonqDAO Exploit (1 February 2023, 6:30PM CET)
- Twitter Announcement (1 February 2023, 9:52 PM CET)
- Snapshot Taken at Ethereum Block Height 16536830 (1 February 2023, 11:04 PM CET)
- 24 Hours After Twitter Announcement (2 February 2023, 9:52 PM CET)
- Community Update on Snapshot Information and Token Distribution (7 February 2023, 10:14 PM CET)
For Holders, Stakers and Liquidity Providers, buy and sell activities after the Community Update on 7 February are ignored. For Buyers and Traders, buy activities after the Community Update are ignored. For Sellers and Traders, sell activities after the community update are not eligible for any claim but are deducted from total eligible claim.
For clarity, going forward, we are going to label the periods as such:
- Exploit — Between the BonqDAO Exploit to the Twitter Announcement
- Announcement — Between the Twitter Announcement to the Snapshot
- Grace Period — Between the Snapshot to 24 Hours After Twitter Announcement
- Community Update — After 24 Hours from the Twitter Announcement to the Community Update
Note that these apply to users on decentralized exchanges or have tokens in non-CEX wallets. The information and calculations included in this section are based on on-chain data gathered for the snapshot and token distribution mechanism.
We have provided our distribution scheme with CEXes, and the tokens their cold and hot wallets had at the time of the snapshot for their distribution schemes. CEXes will manage the distribution of tokens for their users, and information for users on CEXes will be communicated by the CEXes themselves.
Holders, Stakers and Liquidity Providers
Holders, Stakers and Liquidity Providers who held onto their tokens until the Community Update period ended can claim 1:1 equivalent in NXRA for legacy ALBT:
- Held in their wallets;
- Staked in active campaigns, such as the 2- and 4-year campaigns (NXRA will continue to be staked in new campaigns reflecting the same rewards schemes and end dates. These campaigns will show up in the DeFi Terminal in the coming weeks);
- Staked in Fundrs (NXRA will continue to be staked in Fundrs as if they were ALBT, with corresponding rALBT rewards);
- Unclaimed in expired staking campaigns (unclaimed balances and rewards are eligible for claiming in the token distribution portal); and
- The equivalent legacy ALBT in their liquidity positions*. This also includes users who had ALBT Troves on Bonq before the exploit.
*Users who provided liquidity to the EWT/ALBT pool on AllianceBlock DEX on Energy Web Chain will get 1:1 equivalent in NXRA for legacy ALBT in their positions. Their tokens will be sent directly to their wallets in the next few weeks.
In this example, Alice and Bob held on to their tokens throughout the different periods. Alice can claim 5,000 NXRA, and Bob can claim 10,000 NXRA.
Buyers
The amount of NXRA buyers can claim depends on when they bought their legacy ALBT.
Users who bought before the snapshot (during the Exploit and Announcement periods) can claim 1:1 equivalent of their wallet balances.
In this example, Alice bought 5,000 ALBT during the Exploit period, and can claim 5,000 NXRA. Bob bought 2,500 ALBT during the Announcement period, and can claim 2,500 NXRA. Charlie bought 5,000 ALBT during the Exploit period and 2,500 ALBT during the Announcement period, and can claim 7,500 NXRA.
Users who bought during the Grace Period will get less tokens than they bought. Eligible claim (approximate) can be computed based on the following formula:
For the following example, legacy ALBT price during the Grace Period is assumed to be 0.04 USD.
Alice bought 1,000 ALBT during the Grace Period. The calculation for her eligible claim during this period will be:
- Eligible Claim = 1,000 ALBT × 0.04 USD × 8.33
- Eligible Claim = 333.20 NXRA
In total, Alice can claim 333.20 NXRA.
Bob bought 5,000 ALBT during the Exploit period, 2,500 ALBT during the Announcement period, and 1,000 ALBT during the Grace Period.
For the Exploit and Announcement periods, he is eligible to claim 7,000 NXRA. The calculation for his eligible claim during the Grace Period is similar to Alice:
- Eligible Claim = 1,000 ALBT × 0.04 USD × 8.33
- Eligible Claim = 333.20 NXRA
In total, Bob can claim approximately 7,833.20 NXRA (5,000 + 2,500 + 333.2 = 7,833.20).
Users who bought during the Community Update period are not eligible for any claim.
Sellers
Only sellers who sold at less than the Uniswap ALBT price at snapshot (0.03 USD) during the Grace Period are eligible for a claim based on the following formula:
Sellers who sold before the snapshot at block height 16536830 (Exploit and Announcement periods), and during the Community Update period are not eligible for any claim.
For the following example, legacy ALBT price during the Grace Period is assumed to be 0.025 USD.
Alice sold 5,000 ALBT during the Exploit period and 1,000 ALBT during the Grace Period.
Based on the token distribution scheme, she is not eligible for any claim on her sell of 5,000 ALBT.
For the Grace Period, the calculation for her eligible claim will be:
- Eligible Claim = 1,000 ALBT × ( 1–0.025 USD × 33.33 )
- Eligible Claim = 166.75 NXRA
In total, Alice can claim approximately 166.75 NXRA for her sells.
Bob sold 2,500 ALBT during the Announcement period and 500 ALBT during the Grace Period.
Like Alice, Bob is not eligible for any claim on his sell of 2,500 ALBT.
For the Grace Period, the calculation for his eligible claim will be:
- Eligible Claim = 500 ALBT × ( 1–0.025 USD × 33.33 )
- Eligible Claim = 83.38 NXRA
In total, Bob can claim approximately 83.38 NXRA for his sells.
Traders
Traders, who both bought and sold during across the different periods, will have their buy and sell transactions computed separately.
In the following example, Alice bought 5,000 ALBT during the Exploit period, sold 2,500 ALBT during the Announcement period, bought 1,000 ALBT during the Grace Period and bought 500 ALBT and sold 500 ALBT during the Community Update period. Legacy ALBT price during the Grace Period is assumed to be 0.028 USD.
Based on the token distribution scheme, Alice can claim 1:1 based on her wallet balance during the Exploit and Announcement periods (2,500 NXRA). However, she is not eligible for any claim for her transactions during the Community Update period.
For the Grace Period, the calculation for the eligible claim for her buy will be:
- Eligible Claim = 1,000 ALBT × 0.028 USD × 8.33
- Eligible Claim = 233.24 NXRA
In total, Alice can claim approximately 2,233.24 NXRA (2,500 + 233.24–500 = 2,233.24).
In this other example, Bob bought 5,000 ALBT during the Exploit period, sold 2,500 ALBT during the Announcement period, bought 1,000 ALBT and sold 500 ALBT during the Grace Period, and bought 500 ALBT and sold 500 ALBT during the Community Update period. Legacy ALBT price during the Grace Period is assumed to be 0.022 USD.
Based on the token distribution scheme, Bob can claim 1:1 based on his wallet balance during the Exploit and Announcement periods (2,500 NXRA). However, he is not eligible for any claim for his transactions during the Community Update period.
For the Grace Period, the calculation for the eligible claim for his buy will be:
- Eligible Claim = 1,000 ALBT × 0.022 USD × 8.33
- Eligible Claim = 183.26 NXRA
For the Grace Period, the calculation for the eligible claim for his sell will be:
- Eligible Claim = 500 ALBT × ( 1–0.022 USD × 33.33 )
- Eligible Claim = 133.37 NXRA
In total, Bob can claim 2,316.63 NXRA (2,500 + 183.26 + 133.37–500 = 2,316.63)
Token Distribution Guide
Make sure to read the AllianceBlock Nexera Token Distribution Portal Guide for a step-by-step guide on claiming NXRA tokens, and where we communicated next steps for AllianceBlock Fundrs, Bridge and more.
Please be vigilant against scams and fraudulent messages on Twitter and Telegram. Since the announcement of the exploit and the token distribution portal, a number of impersonating and scam Twitter accounts and Telegram users have since popped up “offering assistance” or “support” to distribute the new token.
Users are advised that official communication will only be shared through AllianceBlock official channels. We do not provide support on Twitter or Telegram besides our official accounts.
The AllianceBlock team and community managers will NEVER PM YOU FIRST, and there are no other accounts than the official ones. Please stay tuned for information only on official AllianceBlock profiles and channels on Twitter, Telegram Announcements Channel and Telegram Community.
About AllianceBlock
AllianceBlock is an infrastructure provider for decentralized tokenized markets. It empowers businesses with liquidity provisioning and allows them to compliantly issue, manage, and trade tokenized, digital assets including real-world assets (RWAs).
The AllianceBlock ecosystem of partners, clients, and ventures consists of top stakeholders from the financial industry, as well as the decentralized finance (DeFi) sector. Their unique product suite complies with global regulations and seamlessly integrates with legacy systems.
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