Christmas came early for Opensea users as theopendao.com announced free $SOS tokens. The claim is available to anyone who has ever traded at OpenSea since its launch.
Following the release of the $SOS tokens, Twitter was flooded with various queries about the project, such as the security protocol of these airdrops or what the claimable percentage is. Let’s discuss these, one by one.
$SOS tokens: What’s in for OpenSea users?
As mentioned, $SOS tokens are for all OpenSea users who trade NFTs. Currently, the price of $SOS is $0.00000249 and fiat is the product of your claimable $SOS and the value of one $SOS.
Fiat amount = One $SOS value × claimable tokens
Moreover, the value of $SOS tokens has increased 387% from its initial price(at the time of writing). In the future, we can also expect an exponential rise since these tokens are already trading at a high volume. Given that, $SOS tokens even flipped the popular $ENS tokens in just 1.5 days.
This is to note that the project is not affiliated with OpenSea. Neither, OpenSea has made any comments regarding $SOS tokens.
Thanks to these airdrops, traders can now claim a decent amount of ETH. While some found their contract code quite safe, others posted some red flags (see picture)
The best practice is to disconnect your wallet after claiming your tokens. For extra security, you can also reset your password.
Clearly, unrecognized small NFT projects will also receive a boost because of these $SOS tokens, as traders might invest more in these because of their low floor price, to increase their claimable amount of $SOS.
Will OpenSea ever launch its IPO or their own tokens? Only time will tell us. Meanwhile, you can claim the tokens on theopendao.com or track the price of $SOS tokens here.
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This article is educational material.
As always, make your own research prior to making any kind of investment.