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.

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.

Image Credits: Shutterstock, Pixabay, Wiki Commons