What is an Airdrop?
Airdrop is a thing many people don’t know about. Airdrop is one of the easiest and simplest way to make money in cryptocurrency. It is a kind of reward to the early investors.
- Don’t get engaged in all the airdrops. You need to be extra cautious so that you won’t get scammed by fake airdrops.
- Few of them, are worth investing your time and money to make most of the opportunity.
- For example, eosDAC airdrop which is given by EOS community
What Is EOS & eosDAC?
The EOS airdrop is finally happening. EOS, “The most powerful infrastructure for decentralized applications“ is a dApp development platform. EOS supports the development of highly scalable and decentralized application on the EOS blockchain.
Moreover, EOS also understands the problems associated with decentralized platform hence it has incorporated a model of DAC or DAO (decentralized autonomous communities or autonomous corporations).
A DAC is a kind of organization which is owned by its members with all of its business logic controlled via code which anyone can inspect. The code helps the members making decisions. A famous feature of DACs is that it has the ability to feed value back to all members who become part owners of enterprises apart from consumers.
Evolution of decentralized community over EOS blockchain is given name eosDAC. And the eosDAC token airdrop is all concerned about the decentralized community to further simplify it.
eosDAC Token Statistics:
The token economics of eosDAC is given by BlockMaker Ltd.
BlockMaker Ltd. allocated the total 1,200,000,000 eosDAC tokens as
- 75%— of eosDAC tokens the EOS token holders themselves.
- 20%— of the tokens have been given to the eosDAC, launch team.
- 5%— remaining eosDAC tokens have been given to eosDAC Ltd
EOS airdrop: How To Claim eosDAC Airdrop?
The airdrop of eosDAC tokens is simply for EOS HODLers and 75% of eosDAC, which is 900,000,000 tokens, will be given to EOS holders based on the following pattern:
Anyone who will be holding 100 or more than 100 EOS token will be given 100 eosDAC tokens in 1:1 at 1 A.M UTC ( 6:30 A.M IST). eosDAC is an ERC 20 token and will be transferred automatically to their respective Ethereum wallets. These tokens will be transferred automatically into their Ethereum (ERC20 compatible) wallet. Some famous wallets are Ledger Nano S, Trezor or MyEtherWallet.
For those holding, less than 100 EOS tokens won’t get them directly but they have to go through a manual method which will be explained by them later. So be in touch with them and sign in to their newsletter.
If you are holding EOS tokens on exchanges you need to confirm that whether your exchange is supporting this airdrop or not. If not, you need to transfer your tokens to ERC20 wallets
You can check by yourself which exchange is supporting eosDAC airdrop. For example, Gate.io is supporting.
When is the eosDAC airdrop?
The snapshot for the airdrop will be taken immediately at the end of EOS Token distribution period 300 – on April 15th, 2018 at 1 am UTC or (6:30 am IST). As many people don’t know these timings in India. The tokens will be distributed after checks at the April end.
Airdrops are always welcomed but we doubt whether it was a part of their plan or just being done for price gain.
However, as soon as the news spread the EOS token price has risen and is more likely to shoot up.
At last modifications are always appreciated. Hopefully, it will give the same result as Neo-Ont airdrop.
Let’s wait and see which side the camel sits.
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