A new altcoin based on the Ethereum network OpenDAO or SOS surged 2,291% to mark an all-time high of $0.00001154 on Christmas day, just 24 hours after launch.
Users of the largest NFT marketplace, OpenSea, were rewarded with SOS tokens immediately after the project kicked in on December 24.
OpenDAO project pioneers say the move to reward the OpenSea users relates to the platform’s leadership in enhancing NFT trading.
The pioneers aim to allocate 50% of the 100 trillion SOS tokens to those who have used OpenSea for trading. The distribution will depend on the number of transactions on the platform and spending on Ether, Dai, and USD Coin.
The remaining tokens will be allocated at 20% each for staking incentives and OpenDAO Treasury, and 10% for liquidity provider incentives.
Users of OpenSea can claim their SOS tokens until June 30 next year. The allocated tokens will compensate OpeanSea scam victims, support emerging artists and their communities, and boost developers of the SOS ecosystem.
Source: The Daily Hodl