Shiba Inu community members must have been anticipating the distribution of rewards to those who have locked their LEASH tokens using the LEASH LOCKER feature in the SHIB: The Metaverse platform (shib.io). Participants don’t need to worry, the Shiba Inu team has shared the timeframe of the rewards distribution.
A recent blog post published by the Shiba Inu team confirmed that those who locked LEASH for smaller timeframes are now able to access their assets, but they are also waiting for rewards as promised. According to the team, rewards have not yet been distributed due to several factors.
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Explaining further, the team wrote:
“In our originating communication we established the following criteria: To reward holders who believe in our ecosystem, we’ll distribute the 3% of the funds coming from the Land Event Sales (rewards will be distributed during unlock time), amongst the users who have locked $LEASH, and bid for any land during the time of the first 2 stages for early access (BID EVENT & HOLDER EVENT).
“Depending on the Total Leash and Total Time locked, reward distribution will be proportional to what you lock. ALL Rewards will be sent in $BONE.”
Lands Still Available For Sale
According to the team, there are still Lands in the SHIB metaverse that are still available for sale. And originating contract counts on the sales of lands, which will make rewards distribution go as planned.
Shiba Inu team added:
“The originating contract counts on a sell-out of lands in order to reward and distribute accordingly. We had an exciting release and successful event broadcast, yet we still have lands available and have not sold out, while in our current status of PUBLIC SALE.
“Therefore, in order NOT to make our LEASH LOCK users, and holders wait it out and count on a sell-out acknowledgement, we are constructing a new contract to pursue the distribution of the 3% $BONE to those who participated in locking their LEASH during the first early access events.”
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Rewards Distribution Timeframe
The updated contract that will be introduced will make the unlocking rewards possible without the need for selling out.
The Shiba Inu team further stated that “Rewards will become available after the 90 days for locking rewards come to an end for all users, and to be fair to all those who locked, which at this time is set for July 2nd, 2022.”
It should also be noted that the reward distribution will happen once. So, for total rewards to be distributed to users, only Land sales up to the 2nd of July 2022 will be taken into account.
According to the team, on or before the date mentioned above, users who want to get rewards must have locked LEASH and bid at least once on a land plot, or minted land(s) per wallet.
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