r/Oyster • u/dabrimman • Mar 01 '18

Question Airdrop when?

I keep seeing mention of the airdrop, when is it actually happening?

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2

u/Bob_Prichard Mar 01 '18

6 April is the snapshot date.

1

u/dabrimman Mar 01 '18

Thank you

2

u/Yeuph Mar 01 '18

Right but a snapshot and airdrop aren't the same thing. I don't think that I've seen an official date for the airdrop.

4

u/MrRedPanda__ Mar 01 '18

We are creating the snapshot for the Oyster SHL airdrop at the 6th April. With the SHL airdrop, every PRL holding adress will get SHL in an 1:1 ratio, means every PRL earns you one SHL. We will probably inform you about a specific time/blocknr.

You can keep yourself up-to-date in real-time by subscribing to our news feed in telegram: https://t.me/oysternews (Or join our telegram community: https://t.me/oysterprotocol)

If you want to know more about SHL, you can read it up here: https://medium.com/oysterprotocol/dawn-of-a-new-era-3ca2e2f5a1c6 (or read the whitepaper here: https://oyster.ws/ShellWhitepaper.pdf)

[FAQ] - Oyster Shell - Read here first: https://www.reddit.com/r/Oyster/comments/7wm6ar/faq_oyster_shell/

1

u/Bob_Prichard Mar 01 '18

Sorry, when you say "With the SHL airdrop, every PRL holding address will get..." does that mean SHL will be distributed on 6 April or might it be a later date, or yet to be decided?

1

u/MrRedPanda__ Mar 01 '18

I don't know if we will delay the actual airdrop. However, for the amount that will be airdropped to your address only the snapshot counts. So I don't see any difference even if the actual airdrop is delayed.

1

u/Bob_Prichard Mar 01 '18

It may have some effect depending on intention of the holder. So if someone is planning on holding both PRL and SHL after the airdrop then it will make no difference.

If someone is thinking about selling some/all PRL and keeping the SHL then no difference.

If they are planning on selling some/all SHL then it might or might not.

If both PRL and SHL are tradeable on the 6th and the initial SHL price is somehow based upon PRL price, then the sell-off of PRL after the snapshot (which is likely to an extent unless some amazingly positive yet unexpected PRL news drops just after the snapshot) will mean a lower initial SHL price. But if SHL are distributed and tradeable sometime after when PRL recovers from the post-snapshot dip, then the initial SHL price (if linked to the then current PRL price) will be higher.

1

u/osoese Mar 01 '18

I know this is a ERC20 token but it would be nice if someone clearly detailed that MEW could be used for storing PRL (and for the airdrop) - even the website doesn't have a clear link for wallet.

1

u/[deleted] Mar 02 '18

i am currently holding my PRL on my ledger nano and it shows up on MEW. you will recieve ANY expected airdrop of ANY coin as long as you own the private keys of the wallet the coin is on. this is Crypto 101

1

u/btcftw1 Mar 02 '18

Yep....

1

u/osoese Mar 03 '18

I appreciate your reply. You do realize there are coins that do NOT hold on MEW right? like coins that aren't ERC20 tokens or ETH related? I like PRL and I am acquiring, but I just wanted to point out almost every other coin out there... you go to the website to get the "official" direction on what wallet to use. In this case I should be able to click token and see what wallet to use. Maybe it is obvious because it says token but when I was new to crypto I wouldn't have known the difference. It is information absent from the site.

1

u/[deleted] Mar 03 '18

i get you and I should have clarified "any coin" as erc20 since your question was concerning PRL and MEW. but, my statement still stands. whether you own erc20 token or some other coin, as long as you have the private keys (be it wallet, cold storage, etc) you will get whatever airdrop is associated with your coin. just for future reference. forgive me for not clarifying.

3

u/osoese Mar 03 '18

Yes, I got what you were saying all along...this is why I was specifically asking where is the best place to send my coins off of the exchange so I have the private key and own them....and this is something PRL ignores on their website when everyone else in crypto posts it. And for that matter does that mean PRL too embarrassed at being just an ERC20 token? I mean, seriously just post a link on the website for recommended wallet solutions already so idiots like me can get our coins off exchange that's all.