Fun

The Opendao Gives Xmas Airdrop to Opensea Users

News Feed - 2021-12-27 03:12:49

The Opendao Gives Xmas Airdrop to Opensea Users


New decentralized organization Opendao gave users of Opensea, one of the biggest NFT marketplaces by trading volume, a gift on Christmas. The organization launched its own token and organized an airdrop to distribute it to users that had purchased NFTs using Opensea, allowing them to claim 50% of the total supply of SOS, its native token, as an act of gratitude for popularizing NFTs. Opensea Users Receive Opendao Airdrop


Users of Opensea got a Christmas gift this year from a new DAO (decentralized autonomous organization) that launched an airdrop to thank users of the marketplace and show its gratitude for their support of the NFT environment. Opendao launched on Christmas day, and it airdropped 50% of its total supply to all users that have traded NFTs and transacted on the Opensea marketplace since day one. The snapshot for this airdrop was taken on December 23.


The organization claims that 20% of its total issuance will be destined to compensate verified scam victims on Opensea with SOS, the native token of the DAO, and support emerging artists and their original work.


After the initial concern about authorizing an unknown contract to have control over users’ Ethereum wallets, according to reports on social media, heavy users of Opensea received airdrops of thousands of dollars in SOS. At the time of writing, more than 240K addresses have claimed the SOS airdrop, and the token has been listed on two centralized exchanges, Oxex and Kucoin. A New Way to Airdrop


The dynamic of the Opendao airdrop is different from others that have been organized before. This is the opinion of Reddit co-founder Alexis Ohanian, who praised the way this particular airdrop was organized. He stated:


OK — b4 all the VC thinkpieces start…. these airdrops (like $ENS before it) flip script on how EVERYONE will value their time + spending online👉 u’re finally rewarded 4 using. It’s bringing incentives that I love (as a founder/investor) to the COMMUNITY that makes it all work.


He further detailed that as the blockchain is a public record, many parties can organize these airdrops, and in the future, there will be a lot of spam crowding people’s wallets. However, he remarked there will be great projects coming out.


SOS has experienced notable growth in price since its launch. According to price data provided by Coingecko, the coin went from a price of $0.00000140 when launched to $0.00001108. It has since retraced to an intermediate price of $0.00000650. Tags in this story Airdrop, Alexis Ohanian, Cryptocurrency, Ethereum, OpenDAO, Opensea, sirdrop, sos


What do you think about the Opendao airdrop for Opensea users? Tell us in the comments section below. Sergio Goschenko


Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved. UST Gets Listed on Binance and Huobi, Propelling Terra to $100 NEWS | 1 day ago Ethereum Gas Fees Are Currently 62% Cheaper Than Last Month NEWS | 1 day ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleBTC Proxy Institutional Bitcoin DeFi Bridge to begin (3,3) Rebase Staking Jan 1, 2022 Next articleVersion 1 of the Cirus Browser Extension Goes Live On Schedule Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItUSDC Sees Native Launch on Avalanche


USDC, the second leading stablecoin by market cap, has been launched on the Avalanche blockchain as a native token. Previously, users wanting to get USDC in Avalanche had to bridge it via Ethereum. Now, Circle, the issuer of usd coin ... read more.Value Locked in Defi Continues to Slide, ETH Defi Dominates by 65%, Solana Transactions Reign Polygon, Reddit Co-Founder"s VC Firm Launch $200 Million Social Media Web3 Fund Microstrategy CEO Foresees Bitcoin"s Price Reaching $6 Million Ripple Achieves "Strongest Year Ever" Despite SEC Lawsuit Over XRP, Says CEO

News Feed

Crypto users weigh in on Sam Bankman-Fried’s prison time ahead of sentencing memo
Turner Wright3 hours agoCrypto users weigh in on Sam Bankman-Fried’s prison time ahead of sentencing memoThough potentially facing up to 110 years in prison, Sam Bankman-Fried could be sentenced by Judge Lewis Kaplan t
Curtis Sword Becomes the First Blockchain-Based Large-Scale 3D ARPG
Curtis Sword Becomes the First Blockchain-Based Large-Scale 3D ARPG press release PRESS RELEASE. Curtis Sword, a 3D NFT ARPG mobile game on the blockchain, is excited to announce th
Buy Bitcoin Now? Not Yet—Analyst Says Time Holds The Key
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Zain Jaffer11 hours agoMonolithic vs. modular blockchainsEthereum founder Vitalik Buterin stated something called the Blockchain Trilemma. A blockchain tries to be secure, fast and decentralized.448 Total viewsListen to
Ethereum Gas Fees Are Currently 62% Cheaper Than Last Month
Ethereum Gas Fees Are Currently 62% Cheaper Than Last Month Since November 9, 2021, or 46 days ago, transaction fees on the Ethereum network have been cut by more than half the rat
90% of Bitcoin’s Supply Cap Has Been Issued, Miners Have 119 Years Left to Mine BTC
90% of Bitcoin"s Supply Cap Has Been Issued, Miners Have 119 Years Left to Mine BTC On December 12, crypto advocates celebrated the fact that 90% of the 21 million bitcoins that wi
Ghanaian and Nigerian Central Bank Open Respective Regulatory Sandbox Application Processes
Ghanaian and Nigerian Central Bank Open Respective Regulatory Sandbox Application Processes The Ghanaian and Nigerian central banks have invited financial innovators that wish to b
Pro-Bitcoin Senator Cynthia Lummis pushes stablecoin bill
Helen Partz13 hours agoPro-Bitcoin Senator Cynthia Lummis pushes stablecoin billPro-Bitcoin Senator Cynthia Lummis is drafting regulations for stablecoins after attacking major stablecoin firm Tether in 2023.20967 Total
US Treasury Seeks Public Comments on Crypto-Related Illicit Finance and National Security Risks
US Treasury Seeks Public Comments on Crypto-Related Illicit Finance and National Security Risks The U.S. Department of the Treasury is seeking public input on “digital-asset
7 NFT Markets Saw Over $356M in Monthly Value Transferred — Opensea, Axie Infinity Eclipse Competition
7 NFT Markets Saw Over $356M in Monthly Value Transferred — Opensea, Axie Infinity Eclipse Competition The quantity of monthly USD value transferred from seven
No Crown Yet? Bitcoin Needs To Prove Itself One Win At A Time—Analyst
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Turner Wright4 hours agoGrayscale wins the court battle, but what does this mean for a spot Bitcoin ETF?The SEC may have a limited window to appeal the court decision, while Grayscale could move forward with an amended a