Sorry for being stupid, but what token do we get for holding HP?
LARYNX
This can obviously change but the important point is there is going to be a 1:1 claim drop to those holding Hive
SPEAK
This is how the SPEAK token is created. We will see those holding HIVE start to accumulate this token as mining takes place.
We get both?
LARYNX miners will be airdropped to Hive holders.
You get LARYNX which are miners that mine SPEAK.
Hence if you claim your LARYNX you will start mining for SPEAK. In the end you will get both but only the LARYNX are part of the drop.
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Do you have to get some Larynx first before getting airdropped more depending on how much HP you're holding?
Depending upon your Hive (liquid or powered up).
It is a 1 for 1 drop. My understanding is that it will be over the course of 12 months, and have to claim each month. So it is for those who are truly interested.
But the more Hive you have, the more LARYNX you will get at the time of the snapshot.
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Over 12 months, really? Like SPS? That will be interesting. Will there be a monthly snapshot then? Or just one at the beginning and it will get dripped out over 12 months?
Also, how will that affect the miner efficiency? Will the first months LARYNX start to deprecate earlier than the 12th month's LARYNX?
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We like to think of it like a factory releasing updated models of physical miner rigs once a year or so. After that day the old miners are still cool but a little outdated. And the factory can only get the new mining rigs out at a certain rate each day
In the virtual, can get them out quicker. LOL
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thanks, now I get it 👍😎