If you claim $SOS token – watch out

NFT lovers took to Twitter and Discord to announce their pleasure after OpenDAO’s $SOS token airdrop launched on OpenSea. 

The challenge allotted 50% of its $SOS tokens to lively OpenSea customers – and plenty of NFT followers can’t fairly imagine their luck. 

The query is: is it as harmless because it appears?

Are $SOS tokens legit?

First issues first – according to the official website:

“50% of $SOS token might be distributed to all addresses which have traded on OpenSea since day 1. The distribution is predicated on the whole variety of transactions (30% weight) and transaction quantity on ETH, DAI & USDC (70% weight) on OpenSea. Customers have till June 30, 2022 to assert their tokens, after which any remaining tokens might be despatched to the DAO treasury.”

Whereas this initially appears to be like like a great deal, many NFT lovers are questioning whether or not there’s a hidden agenda behind this seemingly-generous drop. 

Fortunately, Twitter person @0xQuit broke down the $SOS tokens’ sensible contract. That is their overview, in a nutshell:

• The sensible contract code is publicly obtainable to view – alongside the OpenDAO.sol file. 
• This contract imports the ERC20 commonplace, which incorporates the entire default performance.
• The primary a part of the file comprises public constraints that present info. 
• The primary 5 traces guarantee your mint won’t exceed the whole quantity of $SOS obtainable and stop double minting. The contract verifies a signature, updates the provision to incorporate your new tokens and calls a non-public _mint perform. 
• The _mint perform is OpenZeppelin commonplace. 
•  The contract makes use of the default ERC20 _transfer perform.

Due to this fact, the $SOS tokens’ sensible contract is legit and protected to assert and commerce.

So the place does the risk lie?

The risk lies within the unhealthy actors which are making an attempt to control this chance of their favour. Bots are spamming Discord servers with malicious hyperlinks, posing as legit actors and wiping out the wallets of NFT lovers. 

Due to this fact, it’s tremendous necessary that you just click on the proper hyperlink and use the verified contract. Be cautious of any hyperlinks in Discord servers claiming to be the proper hyperlink. Clicking on these hyperlinks is a danger and will result in the devastating penalties that many have skilled within the final couple of weeks.