HODL your $SOS! Soon you May be Able to Buy NFTs With it
$SOS simply gave its holders a brand new motive to HODL their tokens! OpenDAO, the coin issuer, named X Market as its newest companion. So customers will quickly have the ability to purchase NFTs with their $SOS on X Market.
OpenDAO made headlines when it airdropped $SOS tokens for anybody who has ever traded at OpenSea since its launch. Thanks to those airdrops, merchants have been in a position to declare an honest quantity of ETH. At its peak, the worth noticed a 1,270% surge due to the bullish sentiments after the OpenSea airdrop. Presently, the worth of $SOS is $0.00064388.
🆘🆘🆘 The OpenDao companions with @xdotxyz, a decentralised NFT market that belongs to NFT creators and collectors.
X market might be giving 25% of its tokens to the $SOS neighborhood. Customers will quickly have the ability to stake $SOS to assert veX tokens that offers governance rights pic.twitter.com/1sUTSh9Ul3
— OpenDAO🆘 (@The_OpenDAO) December 26, 2021
Why You Ought to HODL your $SOS tokens!
Mainly, X Market might be giving 25% of its tokens to the $SOS neighborhood. Then, customers will quickly have the ability to stake their $SOS to assert veX tokens that give governance rights and a 100% share of the X Market’s charges.
In keeping with the website, X is a multichain decentralized NFT market owned and operated by the NFT neighborhood. Governance is supplied by the X DAO with voting rights given to token holders.
Airdrops have been a go-to community-building initiative of ICO and NFT initiatives. What makes X Market’s partnership with OpenDao distinctive is that they’re immediately tapping into present customers of one in all their direct opponents. The $SOS airdrop to OpenSea was an enormous hit, so now X Market can play this angle too!
To date, $SOS tokens are filled with excellent news. Nonetheless, there are at all times two sides to each story. Twitter person @fabdaRice rounded up the $SOS tokens’ purple flags. Probably the most salient could be 50% of all tokens are at the moment obtainable in 3 EOA wallets with no vesting or lock durations. Due to this fact, the workforce can, at any level, rug all the liquidity. The entire operation can also be prone to having a central level of failure being compromised.
So our closing ideas on that is that it’s OK to have fun the excellent news however there’s additionally no hurt in remaining vigilant!
Are you uninterested in lacking necessary NFT drops?
Simply take a look at our NFT Calendar !
Subscribe to our scorching social media and don’t miss anything
For those who’re old skool :
All funding/monetary opinions expressed by NFTevening.com aren’t suggestions.
This text is academic materials.
As at all times, make your personal analysis prior to creating any form of investments.
Homeowners, holders, followers, neighborhood members, whales… Need to increase this text by that includes it on prime of the Homepage? ==> Contact us!
