Arcade, the leading Ethereum-based DeFi protocol for NFT lending, is shaking up the airdrop scene with its innovative Clash of Claims event. In a departure from traditional airdrops, Arcade is introducing a PvP-style competition where holders of selected NFT collections have the chance to win 3% of the total supply of the native ARCD token.
Next week, 4,000 lucky wallet holders will be able to claim 750 ARCD each. The airdrop is exclusively available to holders of select NFTs such as Pudgy Penguins, Lil Pudgys, Sappy Seals, Mad Lads, Tensorians, Bitcoin Puppets, NodeMonkes, and RSIC.
To ensure fairness, a snapshot of eligible wallets will be taken on February 19. However, not all countries will be eligible to participate in the airdrop, including the United States. Raffle winners from the selected NFT collections will have a two-hour window on February 21, starting at 1pm EST, to claim their ARCD tokens.
Originally, the entire 3 million ARCD airdrop was meant to operate on a first-come, first-served basis. However, in response to community feedback and concerns about fairness, Arcade decided to introduce the Clash of Claims competition. This will allow any holders of the eligible NFTs and Ordinals to claim any unclaimed spots in the airdrop after the initial winners have claimed their tokens.
Arcade co-founder Robert Masiello expressed the company’s commitment to expanding beyond Ethereum, stating, “We’re fans of those communities, and in the future, we can envision Arcade having its own protocols on those networks.” This airdrop serves as a strategic move to strengthen Arcade’s presence on Solana and Bitcoin.
The ARCD token, currently locked to prevent transfer or sale on secondary markets, will play a vital role in ArcadeDAO’s governance. After the upcoming airdrop, the circulating supply of ARCD will increase to approximately 6.5 million out of the eventual total token supply of 100 million.
While the exact date for unlocking ARCD and permitting its sale is not yet determined, Masiello hinted at it being relatively soon. The upcoming airdrop sets the stage for this unlocking, signaling exciting developments on the horizon for Arcade and its growing community. Keep an eye out for further updates and developments from Arcade as they continue to revolutionize the world of airdrops and NFT lending.
Arcade, the leading Ethereum-based DeFi protocol for NFT lending, is introducing a new airdrop event called Clash of Claims. This event deviates from traditional airdrops and offers a PvP-style competition to holders of selected NFT collections, giving them the opportunity to win 3% of the total supply of the native ARCD token.
In this airdrop, 4,000 lucky wallet holders will be able to claim 750 ARCD each. The airdrop is exclusively available to holders of select NFTs such as Pudgy Penguins, Lil Pudgys, Sappy Seals, Mad Lads, Tensorians, Bitcoin Puppets, NodeMonkes, and RSIC.
To ensure fairness, eligible wallets will be snapshot on February 19. However, not all countries, including the United States, will be eligible to participate in the airdrop. Raffle winners from the selected NFT collections will have a two-hour window on February 21 to claim their ARCD tokens.
Initially, the 3 million ARCD airdrop was meant to operate on a first-come, first-served basis. Nonetheless, in response to community feedback and concerns about fairness, Arcade decided to introduce the Clash of Claims competition. This competition allows any holders of eligible NFTs and Ordinals to claim any unclaimed spots in the airdrop after the initial winners have claimed their tokens.
Arcade’s co-founder Robert Masiello expressed the company’s commitment to expanding beyond Ethereum and considering Arcade’s protocols on other networks. This airdrop is a strategic move to enhance Arcade’s presence on Solana and Bitcoin.
The ARCD token, currently locked to prevent transfer or sale on secondary markets, will play a crucial role in ArcadeDAO’s governance. After the upcoming airdrop, the circulating supply of ARCD will increase to approximately 6.5 million tokens out of the eventual total token supply of 100 million.
The exact date for unlocking ARCD and permitting its sale has not been determined yet, but Masiello hinted at it being relatively soon. The upcoming airdrop indicates exciting developments on the horizon for Arcade and its community. Stay tuned for further updates and developments from Arcade as they continue to revolutionize the world of airdrops and NFT lending.
Key Terms and Jargon:
– DeFi: Short for Decentralized Finance, it refers to the use of decentralized networks and smart contracts to provide financial services, replacing traditional intermediaries.
– NFT: Non-Fungible Token, a type of digital asset that represents ownership or proof of authenticity of a unique item.
– Airdrop: A distribution of tokens or cryptocurrencies, typically for free, to a group of wallet holders.
– PvP: Player versus Player, a type of competition where two or more players directly compete against each other.
– ARCD: The native token of Arcade’s DeFi protocol, which plays a role in ArcadeDAO’s governance.
For more information about Arcade and its activities, visit their official website.