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ETHTeam


ETHEREUM NAME SERVICE ‘ENS’ ADOPTERS GET MASSIVE AIRDROP REWARDS, POSSIBLE HOPES
FOR THOSE WHO MISSED OUTVISIT WEBSITE

CoinGape
years
Upvote0

This article is excerpted from CoinGape aboutETH

As we have seen with other protocols in times past, the Ethereum Name Service
protocol is also rewarding some early birds on the protocol with an airdrop for
its new ENS DAO token. The popular Ethereum Name Service protocol, typically
issues nonfungible tokens NFTs that can serve as both Ethereum addresses and web
domains.






ETHEREUM NAME SERVICE PROTOCOL DISTRIBUTES MASSIVE AIRDROP

Ever since decentralized exchange Uniswap awarded its users with a retroactive
airdrop towards the end of 2020, it has somewhat become the norm all through
2021. Members of the ENS community have been waiting eagerly for this, and now
the resulting airdrop has translated to an immediate five-figure remuneration
for many holders. That’s not all, for those who might have registered many ENS
addresses to many wallets, this could mean a whopping six-figure airdrop.

A total of 25 million tokens were distributed by ENS and the token is presently
trading for $85 on a number of exchanges.

ENS token distribution chart. Source: ENS

Meanwhile, although the claims process for the ENS tokens already started since
7 p.m. on November 8, all qualified domain holders must claim theirs no later
than May 4, 2022.




THOSE THAT MISSED OUT ON ENS CAN KEEP HOPES ALIVE

For those that lost out on the ENS goodies this time, probably as a result of
their skepticisms, there just might be hope though.

One simple thing to do is to keep using the protocols that are operational today
and keep their fingers crossed. It is almost a certainty that the decentralized
web rewards its actual users for their time and efforts, keyword being ‘actual’.
While some of these protocols may issue tokens in the future, others probably
would not. According to a spreadsheet document that’s been making rounds, some
projects have been rumored to possibly do the token thing, including those on
alternate blockchains like Terra, Solana, and Polkadot.

There have also been reports that MetaMask is already weighing its options on
the token matter.

Another place to look would be with the undisputed reigning champion of NFT
platforms, OpenSea. Meanwhile, Coinbase, FTX and a host of other big names have
also announced plans for their own NFT platforms. But with many startups
springing up and taking off the market share, a token may be the only way to
ensure that users stay, especially in an ever increasingly competitive market as
we have it.

In conclusion, it’s safe to say that just about any crypto project that doesn’t
already have a token, will. Possibly even those claiming they won’t drop one.



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