Top marketplace for Non-fungible tokens OpenSea has launched their ecosystem tokens and are distributing 50% of the total supply in form of an airdrop to its users.
OpenSea has launched it’s token which will operate as a decentralized autonomous organization or DAO. The token is known as OpenDAO with the ticker $SOS.
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OpenDAO airdrop distribution is based on the total number of transactions (30% weight) and transaction volume on ETH, DAI & USDC (70% weight) on OpenSea.
The $SOS token is being airdropped to OpenSea users that have traded on the platform since day 1. The NFT marketplace users will have until June 30, 2022 to claim their tokens, after which any remaining tokens will be sent to the DAO treasury.
OpenDao tokenomics
Total supply: 100T
50% airdrop to OpenSea users
20% Staking Incentive
20% OpenDAO
10% LP incentives
A breakdown of the 20% allocated for OpenDAO:
- Compensate verified scam victims on Open Sea with $SOS
- Support emerging artists and their original work
- Support NFT communities
- Support art preservation
- Provide developer grant for $SOS ecosystem
How to claim $SOS tokens
1. Visit the OpenDAO website and then connect your wallet. Make sure you are on the Ethereum network.
2.In the next window you will estimate your $SOS rewards. Which is calculated based on amount spent and number of transactions.
3. Simply hit the claim button.
OpenDao continues trending
As at time of writing the $SOS token has been listed on top cryptocurrency exchanges like OkEx, Huobi, BitForex, Bybit, LBank, Gate, Hotbit, HOO and BKEx.
On coingecko, OpenDAO has occupied the number one trending search spot for three consecutive days now with an average daily trading volume of $200,000,000 and a whopping 198,404 token holders as at time of writing.
