The first Halving of the PRECIOUS Token Airdrop has been scheduled in for October 25, which will be exactly 3 months since the PRECIOUS Token Airdrop Began. The idea behind the Airdrop was always to give our dedicated content creators of SGS an opportunity to accumulate some of the new PRECIOUS Token but it was never intended to be a worthless handout. This first Halving will effectively reduce the supply of new PRECIOUS Tokens and will therefore go some way to supporting the value of the token over the longer term.
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The last 3 months has been a good period for SGS with plenty of great content being produced and our big Monster Raffle event was the first Use-Case for the PRECIOUS Tokens to be spent. It is still intended that further Use-Cases will be developed but for now we have a good distribution for the PRECIOUS Token with 53 accounts on the Rich List and a lot of our most dedicated SGS members are up there near the top. This is all pretty positive.
The Airdrop will continue in the same way that it has to date, except that after October 25 the number of PRECIOUS Tokens rewarded for each curated post will be half of what it currently is.
There are still some PRECIOUS Tokens available for resale on the Hive Engine Market so if anyone feels that they don’t have enough the opportunity is still there to accumulate. Those PRECIOUS Tokens are being sold by @ssg-community as they are some of the residual proceeds of the Monster Raffle Ticket Sales. However, once our community account has sold out of tokens there won’t be any new tokens minted and distributed other than from the reduced Airdrop. Therefore if you want to get a stake in the future of the SGS Community Curation Project the window of opportunity is narrowing.
Just picked up some more! Thanks for the heads up! I haven't really dug into the token, so I am probably a bit uneducated, but I love the community and I believe in what they are doing.
Thanks! Appreciate the support.
I'll try to add some precious tokens in my wallet and will see this opportunity of airdrop 😃
Will the supply remain limited and no more tokens will be minted?
There will be tokens minted for the airdrop while it lasts. That is all.
Should up the price on the exchange tokens after the halving 🤣
That's really cool!
Do I need the Member status to be eligible for the Airdrop?
I am sadly not a member for now 👉👈
You need to be curated by the @ssg-community account which primarily supports SGS members posts about precious metals. So, yes, kinda.
Ah I see - well working my way to get a member :)
Thanks for the reply :)
Good to know, I'll have to pick up some extra ones, thanks!
Nice work
free airdrops? mmm who knows if it is worthy
The SGS members (for which the token is intended to serve) know.
Thanks for sharing this content with us here.
Hmm
It has been a while since I tried airdrops but I may give this a try
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Thanks for the update!
I also try to add this token in my portfolio.
Just getting to see this and I really don't know more about the community, but will check it out and get to know what the community is all about, and the level of content required too.