CARDS Rewards for the CSWAP Community — Action Required

2 min readApr 17, 2022
Update for CSWAP Rewards

We have listened to community feedback and will utilize a snapshot to lock in the rewards share for the CSWAP community!

NOTE: This only pertains to those who hold ERC-20 CSWAP tokens. The LP Migrators who are entitled to rewards do not need to take any action, as we already have their destination ADA address and have locked in the % of the migration rewards pool.

When is the Snapshot?

CardStarter will take a snapshot of all wallets holding ERC-20 CSWAP tokens to lock in the % of the CSWAP rewards pool that any particular wallet is entitled to, whether CARDS tokens, or any future rewards tokens for the CSWAP community.

The Snapshot will occur on Friday, April 22nd @ 8am PDT/3pm UTC. The rewards percentages relative to the amount of ERC-20 CSWAP held in ETH wallets will be locked in at this time.

After this snapshot, CSWAP will have no future utility, and will have no future use case, rendering transferring or trading of the ERC-20 CSWAP token useless beyond this point.

Action Required!

We have deployed a smart contract to allow CSWAP holders to connect their ETH wallet which contains their CSWAP, and input the destination Cardano address where they wish to receive their ADA based $CARDS rewards, and any future ADA based rewards tokens.

THIS STEP IS REQUIRED TO RECEIVE YOUR TOKENS. If we do not receive a destination ADA address we will not be able to send you your rewards tokens. Please ensure that you connect the correct ETH wallet, and that the wallet contains your CSWAP at the snapshot time mentioned above.

Please interact with the contract HERE before the time and date of the snapshot.

If you miss the wallet mapping deadline, the snapshot will still count to lock in your CSWAP rewards percentages. There will be a longer window following to allow late community members to input their destination Cardano address, but they won’t receive their CARDS rewards at the earliest distribution date.

Following the snapshot, we will announce the date and time in which CSWAP holders will be able to claim their ADA native CARDS tokens via DripDropz.