Gas DAO project form to airdrop tokens to Ethereum users who spend USD 1,559 – Altcoins Bitcoin News

Gas DAO project form to airdrop tokens to Ethereum users who spend USD 1,559 – Altcoins Bitcoin News

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A new type of airdrop is very popular in the last quarter of 2021, because the rapidly assembled Decentralized Autonomous Organization (DAO) has distributed a lot of value to existing crypto users. Just recently, Opendao gave Opensea users an airdrop, and many people accumulated thousands of dollars in SOS tokens. Now, another project called Gas DAO is airdropping tokens to any wallet that pays more than $1,559 in ether before December 26.

Gas DAO airdrops tokens to users who spent $1,559 in ether before the snapshot

Many projects this year have created airdrops as a way to create a governance system. People who have used these protocols at least once will usually get the governance token rewards for these airdrops.Recently, Bitcoin.com news Report Regarding the dissolution of Shapeshift into DAO, the project airdropped FOX tokens to Shapeshift users.In the first week of November, our news channel also cover When the project is converted to DAO, the Ethereum Name Service (ENS) is airdropped.

In addition, in the past week, crypto advocates have been discuss Opendao airdrop, because anyone who uses Opensea before December 23 will receive SOS token rewards. The market value of Opendao (SOS) token today is 167 million U.S. dollars, and the market value of ENS is approximately 885 million U.S. dollars.Now there is a project called Gas DAO It’s the latest airdrop DAO buzz, because the project will reward any Web3 wallet user with GAS tokens, provided they spent $1,559 in Ethereum fees before December 26. If the user did not spend the $1,559 ether fee, then the app will tell the person that they are “unqualified” for the GAS token statement.

On December 29th, the Gas DAO team Tweet:

There are more than 143 million unique addresses that have transacted on the Ethereum network. Gas DAO aims to be the voice and heartbeat of the most active 643,000 users among these 143 million users, connecting communities across defi, dapps and NFTs.

Encryption advocates review the Gas DAO code and airdrop claim process

Of course, many people have begun to pay attention to these airdrops and the security of connecting applications through the Web3 wallet. The app can view the address of the claimant and the transactions processed to verify the 1,559 USD ether fee spent. Twitter user Technoartoria (@artoriamaster) Wrote a Review of Gas DAO contract And Adam Eisenman (@0xdigitaloil) Also wrote a Generalize About “how safe and fair is it”.

Eisenman highlights some of the differences between the two Gas DAO airdrop And SOS airdrop. “It is worth noting that there is a purge function that allows the contract owner (dev) to claim all unclaimed tokens after the end of the claim period (May 1, 2022),” Eisenman wrote“This means that developers may eventually get most of the token supply. A huge red flag.” Eisenman’s summary continue:

Structurally and spiritually, this contract is very different from SOS, because developers will eventually get most of the token supply. Accident. With all due respect, it is definitely not an act that reflects fairness or stimulates grassroots movement to build on GAS.

At the time of writing, the official Twitter page of Gas DAO has 22.5K followers and tens of thousands of token holders so far. Gas DAO celebrated the pace of development with a statement on Twitter on Wednesday. The Gas DAO team said: “Think about it in just 12 hours, we already have 20,000 fans and 26,000 holders.” Say“Our journey to become the largest and strongest community on Ethereum can’t be better started. We are just beginning here.”

According to Technoartoria’s comments, “The merkle tree statement cannot be manipulated” and the Gas DAO “statements and transactions are 100% safe.” In addition to criticism, Eisenman’s summary also claimed that the claim process is safe. “Now, enter the part you have been waiting for. Is the claim safe?” Eisenmann’s Twitter storm ended. “Yes, the claim function is very simple… [It] Only verify the Merkel certificate (to ensure you are entitled to the amount you are trying to claim); then transfer the tokens to your address. “

Tags in this story

$1559 fee, Adam Eisenman, airdrop, airdrop, Claim process, Encrypted user, DAO, Decentralized autonomous organization, Ethereum contract, ETH fee, Ether fee, Ethereum, Ethereum (ETH), gas, Gas DAO, Open DAO, Outside sea, You are, Technical arteries, wallet, Web3 users

What do you think of the Gas DAO airdrop and the recent DAO airdrop boom? Please tell us your thoughts on this topic in the comments section below.

Jamie Redman

Jamie Redman is the head of news at Bitcoin.com News and a fintech reporter living in Florida. Since 2011, Redman has been an active member of the cryptocurrency community. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about destructive protocols emerging today.




Image Source: Shutterstock, Pixabay, Wikimedia Commons, Gas DAO

Disclaimer: This article is for reference only. It is not a direct offer or invitation to buy or sell, nor is it a recommendation or endorsement of any product, service or company. Bitcoin Network Does not provide investment, tax, legal or accounting advice. The company or the author is not directly or indirectly responsible for any damage or loss caused or claimed to be caused by using or relying on any content, goods or services mentioned in this article.



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