Following up on the 7 August 2017 announcement on the OMG token airdrop update, we would like to share the following information:
The airdrop is expected to begin on Monday, 4 September, and is expected to take about a week to finish (depending on Ethereum traffic conditions). 5% of the total supply of OMG has been set aside for the airdrop (see sale doc). Addresses on the Ethereum blockchain that held a balance over (not ‘over or equal to’) a minimum threshold of 0.1 ETH at block height 3988888 will receive a share of the airdrop allocation that is proportionate to their share of ETH.
As a result of this airdrop, over 450,000 addresses will receive OMG. Due to the very large size of the ETH community, the amount that the vast majority of recipients will receive each will be very small, not materially significant. Whatever the amount, we are very excited about the opportunity to show our appreciation for the widespread community’s support, and to also be able to introduce more members of the Ethereum community to the possibility of being proof-of-stake validators on the fully public and permissionless OMG Plasma chain. Moving into the future, we very much look forward to further growing both the OMG and Ethereum communities together.
Thank you for your attention.