On December 24, OpenDAO conducted an airdrop of SOS tokens among users of the OpenSea non-fungible token (NFT) marketplace. Since the start of the distribution, the asset price has increased, according to CoinGecko.
Furthermore, SOS is the ERC-20 standard token. Thus, users who “made purchases on OpenSea in ETH” had the right to participate in the airdrop. The distribution is carried out on the basis of a snapshot taken on December 23, 2021. Users can collect tokens until June 30, 2022.
According to the project’s website, the amount of remuneration depends on the total number of transactions and their volume. Moreover, the second indicator is more important.
The distribution of SOS turned out to be extremely popular
Eventually, 50% of the SOS offer will distribute among users – 50 trillion tokens. The participants not requested assets will go to the treasury of OpenDAO.
The distribution of SOS turned out to be extremely popular. In less than a day, the number of token holders exceeded 12,000. At the time of writing, the organizers have distributed more than 78% of the allocated funds (~39.41 trillions SOS), according to Dune Analytics. The average amount of remuneration received by one address was 27 million SOS – ~$225 before deducting the network commission.
According to Etherscan, the token holders are 212,967 addresses. The OpenDAO contract has entered the top three largest gas consumers in the Ethereum network.
OpenSea developers recommended studying contract before demanding tokens
Despite the hype, very little is known about the project itself. OpenSea developers stressed that they have nothing to do with SOS, and recommended “studying the contract before demanding tokens”.
In addition, some large cryptocurrency exchanges like KuCoin and OKEx, already added SOS tokens to the listing.
Earlier, the community criticized OpenSea CFO Brian Roberts, who after his appointment hinted that he was already planning an IPO of the platform. Users felt that in order to finance the company’s initiatives, they should issue their own token, and not look for funds on the stock market.