The Ethereum Name Service protocol is rewarding certain early adopters with an airdrop for its new ENS DAO token, as we’ve seen with other protocols in the past.
Nonfungible tokens (NFTs) are nonfungible tokens that can be used as Ethereum addresses as well as web domains, according to the Ethereum Name Service protocol.
Massive Airdrop from Ethereum Name Service Protocol
Since the end of 2020, when decentralized exchange Uniswap gave its subscribers a retroactive airdrop, it has become the norm for the rest of 2021. Members of the ENS community have been anticipating this for some time, and the resultant airdrop has resulted in an immediate five-figure payout for many. Not only that, but for individuals who have linked many ENS addresses to multiple wallets, this might represent a six-figure airdrop.
ENS distributed a total of 25 million tokens, and the token is currently trading for $85 on several exchanges. Meanwhile, despite the fact that the ENS token claims procedure began at 7 p.m. on November 8, all qualified domain owners must claim theirs by May 4, 2022.
Those Who Didn’t Get In On ENS Can Keep Their Hopes Alive There is still hope for those who missed out on the ENS goods this time, most likely due to their cynicism. One simple thing they can do is continue to use the protocols that are now in use and cross their fingers.
The decentralized web almost certainly rewards its actual users for their time and efforts, with the emphasis on the word ‘actual.’ Some of these protocols may issue tokens in the future, but others are unlikely to.
Some projects, including those on alternative blockchains like Terra, Solana, and Polkadot, have been speculated to do the token thing, according to a spreadsheet document that’s been circulating. According to rumours, MetaMask is already assessing its options in regards to the token.
OpenSea, the undisputed reigning champion of NFT platforms, is another place to look. Meanwhile, Coinbase, FTX, and a slew of other well-known companies have unveiled their own NFT systems. However, with so many firms popping up and stealing market share, a token may be the only way to keep users, especially in an increasingly competitive market like ours.
Finally, it’s safe to assume that any crypto project that doesn’t currently have a token will do so soon. Maybe even those who say they won’t drop one.