Unfortunately, the Ardana project has now closed due to miss management and no longer is operation. This article will remain online.
In this tutorial on how to claim your $DANA tokens from the Ardana ISPO, we’ll take you, step by step through the process of using the TosiDrop website and what you must do do to claim your tokens.
What is the Ardana Initial Stake Pool Offering (ISPO)?
The Ardana ISPO is a free token distribution of the $DANA token from the Ardana project. Users that delegate their ADA to the various stake pools that are a part of the Ardana Stake Pool Alliance area able to earn not only their ADA rewards but also the additional $DANA tokens as a part of the distribution.
Please read the official announcements and blog posts from the Ardana team regarding the details of the Ardana ISPO.
What is TosiDrop?
TosiDrop is a token distribution platform created by the team at AnetaBTC, a project building on Cardano and Ergo blockchains to bring wrapped Bitcoin to both blockchains.
How Much $DANA Do I Earn from the Ardana ISPO?
The amount of $DANA tokens you can earn completely depends on the amount of ADA you delegate from your wallet to one of the participating stake pools.
The total DANA for the ISPO will amount to 2.5 million DANA tokens, with a maximum cap of 69,444 DANA distributed during each epoch.
How to Optimise Your $DANA Claiming from the Ardana ISPO?
Depending on the amount to $DANA tokens you earn per epoch (5 days) it may not be worth claiming. If that is the case, it may be better to wait longer before claiming your tokens.
Check the fees to determine if your claim process is profitable or not.
Tutorial and Overview of How To Claim Your $DANA Tokens via TosiDrop
How to Claim Your $DANA Tokens via TosiDrop
Total Time: 10 minutes
Go to the TosiDrop Website
All claims for staking to the LISO pools NETA1 and NETA2 are claimable via the project claiming website, TosiDrop.io.
Connect or Enter Your Wallet Address
Connect your wallet to auto-populate your receiving address OR manually obtain your receiving address from your wallet such as Yoroi, Daedalus or ADALite by clicking RECEIVE in your wallet and copying the address.
If you decide to connect your Nami or Eternl wallet to the website, you will have to allow it read and transaction authorisation access.
To continue, click “Check my rewards”.
Select $DANA Tokens to Start Claiming
If your wallet is delegated to one of the Ardana Stake Pool Alliance Pools, then your balance should appear within their system with the amount of $DANA tokens you can claim.
This should include your bonus multiplier and the amount available for that epoch.
Select the tokens that you want to claim and click “Claim my rewards.”
Send Your Deposit ADA to Claim
The final step is to send a certain amount of ADA to the deposit address.
The claim deposit must be sent from the staked and delegated wallet.
The cost of claiming may vary based on the number of tokens you wish to claim.
If you’re connected to the website via the website’s DApp connector, you can click on the “Send ADA” button, which will write the transaction and send the required ADA directly from the website. Please ensure that you review the amount of ADA being sent to ensure the transaction is correct.
If you’re sending it manually to the receiving address using another wallet such as Daedalus or Yoroi, copy the Deposit address and manually send it from your wallet interface. Send the requested amount of ADA to the deposit address and wait up to 20 minutes.