Astroport Lockdrop

Instead of just airdropping Terra users the ASTRO tokens, Astroport chose to do a lockdrop. In a lockdrop, users have to lock up assets in a protocol in order to be eligible to receive tokens. In the case of Astroport, there are two phases. In phase 1, users can use their Terraswap LP tokens and lock them up for a certain period of time. The more LP tokens and the longer you lock them, the more ASTRO tokens a user receives. Phase 1 lasted for about 1 week. After phase 1, user that locked up liquidity to Astroport were rewarded ASTRO tokens. Then, in phase 2, these received ASTRO tokens could be used to provide liquidity in the ASTRO-UST pool. Phase 2 also lasted for about a week. After phase 2, Astroport launched!

As can be seen in the graph above, the price of the ASTRO token has been down only since launch.