According to its website, the goal of the OpenDAO (not to be confused with a stablecoin minting protocol by the same name) and its SOS token is “to pay tribute, to protect, to promote” the NFT community.
Specifically, anyone who has transacted on OpenSea before December 23 can claim free SOS tokens via the airdrop. All they have to do is connect a wallet like MetaMask to the OpenDAO website, estimate their rewards based on the total number of transactions and dollars spent on OpenSea, and initiate their claim for free tokens.
The total number of transactions has 30% weight, and transaction volume in ETH, DAI, and USDC has 70% weight for token distribution, according to the OpenDAO’s website. That means the more money spent on transactions, the more SOS tokens one would get.
The total supply of SOS tokens is 100 trillion, and 50% of it will be airdropped to OpenSea users. From the rest 50%, 20% will be kept for the DAO itself, 20% for staking incentives, and 10% for liquidity provider incentives, the website says.
OpenSea users have until June 30, 2022, to claim their tokens, after which any remaining tokens will be sent to the DAO’s treasury.
OpenDAO says it will use its 20% share to compensate verified scam victims on OpenSea, support artists and NFT communities, and provide grants to developers.
Over 200,000 users have already claimed nearly 39 trillion SOS tokens, an amount currently worth almost $265 million. The SOS token has already been listed on major crypto exchanges, such as OKEx and Huobi. It is currently trading at $0.00000680.
- 50% airdrop to OpenSea users
- 20% Staking Incentive
- 20% OpenDAO
- 10% LP incentives
- Compensate verified scam victims on OpenSea with $SOS
- Support emerging artists and their original work
- Support NFT communities
- Support art preservation
- Developer grant for participating in $SOS ecosyste
Where & How To Buy OpenDAO (SOS)
We think Binance is the best options to get started and buying your OpenDAO (SOS)
You can buy OpenDAO (SOS) by buying ETH from the binance with its cheap fees, then sending it to an exchange to trade it for OpenDAO (SOS) like KUCOIN.
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