What is OpenDAO and its SOS Token

Lutfi

What is OpenDAO and its SOS Token
What is OpenDAO and its SOS Token

Rancakmedia.com – OpenDAO and the SOS Token are SOS Limited (NYSE: SOS) (the “Company” or “SOS”), a growing provider of blockchain and big data-based marketing solutions.

Today announced that it has entered into a securities purchase agreement with certain accredited investors to purchase approximately $90,1 million worth of American Depositary Shares.

Towards the end of last week, a new decentralized autonomous organization (DAO) known as OpenDAO emerged, promising to provide free tokens to OpenSea users.

OpenDAO (not to be confused with the stablecoin minting system of the same name) and its SOS token aim to “pay tribute, defend, promote” the NFT community, as stated on their website.

OpenDAO and SOS Token Benefits

OpenDAO and SOS Token Benefits

Every OpenSea user who has made a transaction before December 23 can claim the benefits of the airdrop to get free SOS tokens.

Connect a wallet like MetaMask with the OpenDAO site, estimate your rewards depending on total transactions and dollars spent on OpenSea, and start your claim for free tokens. As simple as that.

ETH, DAI, and USDC transactions have a combined weight of 30%, while all other transactions have a combined weight of 70%. This information comes from the OpenDAO website.

That implies the more money spent on transactions, the more SOS tokens will be earned.

OpenSea users will get half of the 100 trillion SOS tokens available to them. According to the website, the remaining 50% will be split as follows: 20% will go to the DAO, 20% for staking rewards, and 10% for liquidity provider incentives.

Before the remaining tokens are sent to DAO bank accounts, OpenSea users have until June 30, 2022 to claim their free tokens.

As part of its 20 percent stake, OpenDAO claims it will compensate victims of the OpenSea scam, help artists and the NFT community, and reward software developers.

Nearly 39 trillion SOS tokens, or $265 million, have been claimed by more than 200.000 users. SOS tokens have been issued on major crypto exchanges, such as OKEx and Huobi. It is currently trading at $0,00000680.

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Lutfi

Hi, let me introduce myself, Lutfi Hulasoh, I am a writer and techno blogger. I started creating a personal blog writing informative articles about the latest trends and developments in technology. My writing covers a wide range of topics, from mobile applications to artificial intelligence, and I can also provide easy-to-understand explanations to help readers understand complex concepts.