TL; DR
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We’re eligible for the Frame airdrop (which means you could too!), so we thought we’d let you know.
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To qualify, all you need to do is purchase an Ethereum NFT and have paid royalties on it within the last two years.
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You can claim the airdrop herenow – but the tokens won’t be tradable until January 31, 2024.
Full story
We rarely qualify for airdrops (aka crypto giveaways) because we’re all about buy and hold.
(And for most airdrops you must have used a super fast new layer-2 to qualify).
But we’re eligible for the Frame airdrop (which means you could too!), so we thought we’d let you know.
Here’s the deal:
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To qualify, all you need to do is purchase an Ethereum NFT and have paid royalties on it within the last two years.
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You can claim the airdrop herenow – but the tokens won’t be tradable until January 31, 2024.
And if you’re wondering why airdrops even exist (why would anyone just give away money??)…
Then say no more: we have you!
They are usually done for one or both of the following reasons:
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To get people to start using a crypto product.
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To decentralize a project.
The way the latter works is as follows:
Some airdrops (such as the Frame airdrop) send ‘governance’ tokens to users – with each token giving them one vote on proposed changes to the project and product(s).
This means that the project itself is no longer owned and managed by one person or entity.
This builds trust with users (because they now know that there is no single point of power that can corrupt and tamper with the product) and keeps regulators at bay (because there is now no ‘head’ to metaphorically cut off).
Okay, now you know!