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What the heck are the OpenDAO and its SOS token?

Late last week, a new decentralized autonomous organization (DAO) called the OpenDAO suddenly emerged to distribute free tokens to users of OpenSea, the largest NFT marketplace. According to its website, the goal of the OpenDAO (not to be confused with a stablecoin minting protocol by the same name) and its SOS token is “to pay tribute, to protect, to promote” the NFT community.  Specifically, anyone who has transacted on OpenSea before December 23 can claim free SOS tokens via the airdrop. …

BitMEX to launch and airdrop its native token BMEX

BitMEX, one of the oldest crypto derivatives exchanges, is set to launch its own token and will airdrop to both its existing and new users. Announcing the news on Tuesday, BitMEX said its upcoming BMEX token will be airdropped by February 1, 2022, in its customers’ exchange wallets.  The first 50,000 new users with completed KYC can register to get 5 BMEX tokens and 10 Tether (USDT) stablecoins. Existing traders will get BMEX tokens as they trade. Specifically, they can …