Claim your Trustlines Network Tokens
Trustlines Blockchain requires transaction fees to be paid in Trustlines Network Coins (TLC). To reach a broad set of individuals, we conducted a Merkle Drop of Trustlines Network Tokens (TLN) on Ethereum. TLN are ERC20 tokens that can be converted to TLC by sending them to a bridge contract.
The Merkle Drop is a smart contract deployed on the Ethereum blockchain. It contains a list of addresses and the amount of claimable TLN per address in the form of a Merkle root.
The amount that an address can claim is decaying over time. The sooner the tokens are claimed, the larger the received quantity of tokens.
Trustlines Foundation aims to distribute up to 70% of TLN to the public. For that purpose, 50% of TLN are allocated in the Merkle Drop.
The Trustlines Foundation designed the distribution method based on the idea of smart drops.
The Merkle drop is used as a tool to
Yes. There are two ways in which this could happen.
These are the groups of eligible addresses that can now claim their TLN.
The Merkle drop is a smart contract deployed on the Ethereum blockchain that contains a list of addresses and claimable Trustlines Network Tokens per address in the form of a Merkle root. People can provide a proof to this contract and withdraw tokens they are entitled to. The Trustlines Foundation has a web service that allows people to either claim their tokens via a web3 integration (e.g. Metamask) or calculate the needed proof. Once the proof has been created and eligibility established, it can be submitted to the Merkle drop smart contract.