How to join Lockdrop

What is Lockdrop

The first step of Shogun's launch, shoMESH - MESH Lockdrop, is an event that distributes Shogun's new tokens - $SHO. If MESH holders lock up $MESH to Shogun Lockdrop Contract for a certain period of time, they can receive SHO tokens as rewards (+ LP reward from Meshswap, extra SHO token from Shogun LP farm).

Since 2,500,000 $SHO tokens are distributed as incentive tokens and the number of incentive tokens is designed to be proportional to the number of locked-up $MESH and the lock-up period, the longer and more $MESH lock-up, the greater the incentive.

50% of MESH collected via lockdrop is used to mint shoMESH, which is used to provide liquidity to the meshswap. This LP token will be distributed according to the amount of MESH deposited when the user's lock-up period ends.

Lockdrop details

Lockdrop is divided into four stages according to the timeline.

Timeline	Before Jan 1st	Jan 1st ~ 4th	Jan 5th	After Jan 6th
Stage	Coming Soon	Unlimited Stage	Withdraw Only Stage	Redeem Stage

Unlimited Stage

• The first four days of Lockdrop are the Unlimited Stage. Participants can freely deposit and withdraw $MESH. Please note that Lockdrop will last for 5 days, but you can only make a deposit at the Unlimited stage, so you can no longer make a deposit after 4 days.

• $MESH holders who participate in Lockdrop can choose the lock-up period from a minimum of 1 month to a maximum of 12 months, and the incentive rate varies depending on the lock-up period.

  1 month	3 month	6 month	9 month	12 month
  0.8x	2.7x	6x	11x	22x

How to deposit $MESH

1. Deposit button is activated when a MESH is approved. Press this button to execute the transaction.

   
2. When the transaction is complete, the total amount deposited is displayed as shown on the screen.

   

How to withdraw your $MESH

1. Click Withdraw button to display a pop-up for withdrawal.

   
2. When a withdrawal pop-up appears, Withdraw button is activated by entering the amount of withdrawal available. Click this button to execute the transaction.

   
3. When the withdrawal is completed, you can see that the $MESH has been withdrawn.

   

Withdraw Only Stage

The last day of Lockdrop is the Withdraw Only Stage. At this stage, participants will no longer be able to deposit money to Shogun Lockdrop. You can withdraw only once and the amount you can withdraw is also reduced by 1/24 per hour.

The situation shown on the screenshot is a reproduction of the test situation after 3 hours on the Withdraw Only stage. Because the user deposited 50 MESH, the withdrawable $MESH is reduced by 2.08 MESH (1/24 of 50) per hour. The withdrawable MESH has been 3 hours, so you can see that it is 45.65 $MESH.

Redeem Stage

When Lockdrop is over, $SHO incentives distributed to Lockdrop participants are confirmed. $SHO tokens will be distributed to participants for five months from JAN 17th, the start date of the vesting.