NFT Lender Arcade Reveals Airdrop for Ethereum, Solana, and Bitcoin Collectors🤯
Arcade, the DeFi protocol built on Ethereum
for NFT lending, has announced its upcoming ARCD token airdrop set to launch next week. 🚀
On February 21, 750 ARCD tokens will be airdropped to 4,000 lucky holders of select NFT and Bitcoin Ordinals collections, including Pudgy Penguins, Lil Pudgys, Sappy Seals, Mad Lads, Tensorians, Bitcoin Puppets, NodeMonkes, and RSIC.
The snapshot for the airdrop will be taken on February 19, with users in certain countries, including the United States, ineligible to participate. This move signals Arcade's intent to expand into Solana and Bitcoin. Raffle winners will have two hours to claim their tokens, after which unclaimed spots will be open on a first-come, first-served basis in a process dubbed "Clash of Claims." ⏳
Initially, the airdrop was meant to be entirely competitive, but feedback from the community led to a revision of the approach. The ARCD token, currently locked, will eventually have a total supply of 100 million; after the upcoming airdrop, the circulating supply will increase to around 6.5 million. 💼
Steps are being taken within ArcadeDAO to unlock and allow the sale of ARCD, with next week's airdrop serving as a precursor to this development. While an exact date for the unlock has not been specified, it is expected to occur relatively soon. 📅
