If you have already used the Opensea platform to buy or sell an NFT, I have good news for you.
You can now claim SOS tokens! You will have even more if you have carried out numerous transactions on the platform. If you made any trades before December 23 of this year, then you are eligible to receive your winnings! The token jumped 1000% in just a few days!
Actually, to be clearer, tell yourself that this aidrop is linked to the "OpenDAO" platform which has just been launched. That said, OpenDAO is not linked to Opensea for all that.
The OpenDAO platform is thus receiving quite a publicity stunt, as you can see. The purpose of this operation? Try to financially help people who may have lost money buying scam NFTs. And the OpenDAO project wants to be a structure helping the NFT industry to clean up, in a way.
How to claim your SOS tokens?
To claim your tokens, you must go to the site OpenDAO and connect your Metamask wallet or other (the one you used for your transactions on Opensea of course)
The site will then estimate your reward based on what you have deposited on the platform. There is a multiplier, which can add up to a nice amount ;)
Remember that all transactions carried out after December 23, 2021 do not count. You will have to pay gas fees on Ethereum to claim your tokens.
In our case, we had to pay around $20 in ETH to recover our SOS tokens. If you don't have the funds currently, there's no rush.
Please note that you have until June 30, 2022 to claim them and those that are not will be returned to the DAO treasury after this date.
Once you click on “claim”, then the SOS tokens are immediately added to your wallet. Don’t forget to add the SOS token then so that it appears on your wallet.
What do you think of this SOS token?
This aidrop surprised a lot of people because it is not officially connected to the Opensea platform. This did not prevent the token from gaining 1000% in two days and being listed on the majority of platforms.
It can indeed be found on Okex, Huobi Global, Uniswap and even Gate.io. Yes, this means that once you receive your tokens, you can exchange them for a crypto of your choice on an exchange.
An anonymous developer, known as 9X9X9 , created OpenDAO. He stated that he was neither paid nor hired by Opensea to create OpenDAO.
The tokenomics of SOS token
You know, just because the token is sent for free doesn't mean you should rush for it. It’s always good to analyze the foundations. The OpenDAO site shows that there will be exactly 100 trillion SOS tokens in total. Half were paid in aiddrops. There are 000% additional tokens that will be intended for staking and an additional 20% for liquidity providers. Finally, 10% will go to the OpenDAO protocol treasury.
This protocol aims to provide some form of compensation to victims of NFT scams, such as those who purchased the NFT Evolved Apes , for example. Similarly, the protocol seeks to support and assist genuine artists in realizing their projects.
It is questionable whether the project is legitimate. Some developers looked at the code and some found issues and bugs, but nothing unusual in the smart contracts. Some said the amounts were random…
It is on Discord that most of the decisions are made and the community voted for a 30% lock of tokens for at least one year, thus avoiding rugpulls and other financial adventures.
That said, we are not sure that the project can be maintained in the long term, because we have not seen a roadmap or anything solid. The developer nevertheless assured that this was the goal, to make it an absolutely collective project with decisions taken by vote.
Final word on OpenDAO
What may surprise you once again is the artificial link with OpenSea. It is a platform and a company and not a protocol. We even heard the financial director want to take OpenSea public, for example. This would make shareholders wealthier than if they distributed everything among users. Thus, the platform has no real interest in being entirely decentralized.
We can nevertheless salute the intention and effort of OpenDAO to want to clean up the ever crazier NFT market.
In our case, we have collected our SOS tokens and will follow the project closely ;)
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Disclaimer : This article is provided for informational purposes only. It is not financial, legal, tax, or investment advice. Always conduct your own research before investing in any project.
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