Lisk: Users must claim staked LSK before May 21, and have two years to claim new tokens after the migration is completed

Blockchain application platform Lisk has issued the following reminders to LSK token holders on the X platform:

-If users are currently staking LSK tokens, they need to claim their staked tokens before the May 21 snapshot;

-After the migration (contract replacement) is completed, users have two years to claim new ERC20 LSK tokens;

-In order to qualify for the LSK HodlerDrop (which requires holding 50 or more LSK) and/or KLY airdrops, users must self-custody LSK in their LSK wallets (not on exchanges);

-Wallet requirements for claiming: Users can save LSK L1 tokens in their Lisk desktop or mobile wallets at the time of the snapshot. To apply for new tokens, they will need to use the Lisk desktop wallet;

-If users claim new ERC20 LSK tokens through the Lisk desktop wallet, they will need to bridge some ETH to Lisk L2 to pay for future transaction gas fees, which can currently be done through the official standard bridge. If the cost of bridging from the ETH mainnet is too high, the official will provide cheaper bridging options in a few weeks;

-In order to claim ERC20 tokens to an Ethereum wallet, users need to add Lisk as a custom network.

In early May, Lisk announced that it will distribute a total of 15 million LSK in a series of airdrops over the next few months.

As Lisk transitions to the L2 form, it is about to launch its first airdrop event, Lisk HodlerDrop. HodlerDrop aims to reward the OG community with a total of 3 million LSK based on participation and holding during the migration.