Back to collectionOne Key Becomes a Hundred, and Old Holders Ask About Rewards
For more than two months, the community had argued in the proposal forum over the cost of Sentry Keys and the interests of existing holders. The Foundation decided to airdrop 99 new keys for every existing Sentry Key. The announcement cut the price of entry for newcomers to one hundredth of its former level while bringing old holders' reward questions to the fore.
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For more than two months, the community had argued in the proposal forum over the cost of Sentry Keys and the interests of existing holders. Teasers about a “smaller key” had sharpened expectations. Today the Foundation was finally setting out the expansion, pricing, and sale terms; the Night Watchman cared most about rewards for existing nodes.
The Foundation decided to airdrop 99 new keys for every existing Sentry Key. New keys corresponding to staked keys would automatically enter the same pool in the original proportions; the announcement said rewards would be unaffected. The cap would rise from 50,000 to 5 million keys, and the bonding curve would shift down by the same proportion. The mint price would fall from 1.43 ETH to 0.0143 ETH, exactly one hundredth of its former level. Buyers could pay by bank card, XAI, or esXAI as well as ETH; the sale was set for a few days after the airdrop finished. The Foundation said it had secured airdrop commitments from more than 12 games and partners, to be revealed over the coming weeks, with Valeria and CZ RUNZ already named. A holder's wallet address could serve as a referral code: a new buyer would get a 5% discount and the referrer a 15% commission. The top referrer in the previous sale had received USD 1.7 million. The announcement closed with a capitalized warning for every node operator to upgrade to 1.2.0 promptly, because older versions would soon be incompatible with the new contract.
The announcement cut the price of entry for newcomers to one hundredth of its former level while bringing old holders' reward questions to the fore. The narrator recalled that, the previous December, being a “citizen” of this chain meant being willing to pay USD 300 for a key; that idea now needed reconsidering. The Night Watchman did not cheer. He asked what would happen to the original holders' rewards. XAI, meanwhile, was back at USD 0.41, leaving those who bought higher trapped as enthusiasm cooled. Excitement in the announcement area had yet to support the price. Next came the test of whether the airdrop, automatic staking, and upgrades would follow the rules, and how rewards would work after expansion.