PINA Updates about the Boostrapping Phase

The PINA boostrapping phase will officially end at epoch 314, around February 22nd, with a total supply of approximately 1 million tokens. The snapshot will be taken at the end of the boostrapping phase, and Meme3 and Meme Kids holders will be eligible for the drop.

Here are some FAQs and updates regarding PINA:

What will happen after the boostrapping phase?

The oracle will no longer be fixed at $1.5, but instead, will be captured from the Uniswap price.

Additionally, the expansion rate of PINA will change based on the oracle price of $Pina. More details can be found here: https://medium.com/@dontdiememe/introducing-meme-stable-dollar-pina-925e7db2cf1d.

The coupon NFT burn price will also change based on the oracle price of $Pina.

When will the airdrop happen?

The timing of the airdrop is still to be determined. However, the Meme team recommends that PINA stabilizes and has solid liquidity before the airdrop takes place.

Am I eligible if I stake in the LP pool?

Yes, LP holders, including those who staked in the genesis pool and the PINA staking pool, will also be snapshot for the airdrop.

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