Gate.ioBlogMissed the ENS Airdrop? Here Are Some Potential Crypto Projects Deserving Your Attention
Missed the ENS Airdrop? Here Are Some Potential Crypto Projects Deserving Your Attention
17 November 11:05
1.On November 9th, Ethereum Name Service (commonly known as ENS) officially launched an airdrop for the governance token $ENS.
2.DAS, short for Decentralized Account Services, is also a domain name service provider just like ENS.
3.Fractal offers a decentralized identity service and is currently running an airdrop.
4.In the DeFi sector, both MetaMask and ParaSwap have a high possibility of carrying out airdrops.
5.In the NFT field, OpenSea is also a possible airdrop project to look forward to.
At 0:00 (UTC) on 9 November, Ethereum Name Service (commonly known as ENS) officially launched an airdrop for the governance token $ENS. There are 100 million total $ENS tokens, of which 25% airdrop to $ETH holders, 25% to ENS contributors, and 50% to the DAO communitytreasury. Users can claim the tokens before May 4th, 2022 and after then, any unclaimed tokens will be transferred to the community treasury.
According to the snapshot made on November 1st, there were approximately 140,000 different addresses registered with over 400,000 different domains. At the current $ENS price, each participant in the airdrop will be able to claim over $10,000 worth of tokens.
This airdrop is widely discussed on social media and has evoked FOMO in investors to some extent. If you have inadvertently missed out on the ENS airdrop, here are some projects with potential deserving your attention.
I. Decentralized Account System - DAS
DAS, short for Decentralized Account Services, is also a domain name service provider just like ENS. Based on the POW public chain Nervos, it allows users to create DAS accounts ending in “.bit”. What’s more, one DAS account can correspond to several addresses under individual identities (including BTC, ETH, TRX and so on). Compared to ENS, DAS domain names are more flexible, allowing users to register in multiple languages around the world, and even Emoji.
DAS also goes a step further in providing domain name services by offering decentralized identity services. Once registered, you (and only you) will have full control of the DAS account. Furthermore, DAS is the first decentralized account system with broad compatibility, you can register and manage DAS using any public chain addresses, or even email.
In the era of Web 3.0, people are demanding more privacy and security on the Internet. Based on this trend, the field of Decentralized Identity (DID) has emerged. Based on the Fractal protocol, business or individual users can securely create their own "digital identity" (e.g. KYC data) for verification on the blockchain network, while retaining control over their identity data. Fractal aims to provide self-sovereign verifiable, revocable, anonymous credentials and enable trust market business models in the Web 3.0.
With the same technology, it has also made a sub-project - KILT, which runs on Kusama(the canary network of Polkadot) and became the winner of the sixth Kusama parachain slot auction.
Fractal (FCL) has an initial supply of 460 million, with further 460 million $FCL as block rewards after the mainnet launches. The total circulating supply will eventually reach a maximum of 980 million by February 2022.
The project is currently running an airdrop in which users can claim tokens by completing a series of tasks, for example, inviting friends to join.
In addition to the two projects in the decentralized identity space mentioned above, there are more influential projects with greater potential for airdrops as follows.
III. Infrastructure Concerning Wallet - MetaMask
As DeFi sees an increasing popularity, the associated supporting infrastructure becomes more important. MetaMask is currently the most popular asset wallet on Ethereum, with millions of active users per month. It is also one of the most important entries for the DeFi projects on Ethereum.
In October last year, MetaMask launched MetaMask Swap, a DEX aggregation service that allows users to perform cryptocurrency swaps directly within their wallets at the lowest possible fees. At that time, there were rumours that MetaMask would launch its own tokens and airdrop them, just like Uniswap.
It is predicted that if MetaMask were to make an airdrop, the most likely condition set for participation in token collection would be a requirement to make a certain amount of transactions with its Swap.
IV. The Well-Known Decentralized Exchange - ParaSwap
Similar to Uniswap, dYdX and 1inch, ParaSwap is a leading decentralized exchange that automatically splits trades and minimizes slippage by aggregating liquidity from a number of decentralized exchanges such as Uniswap and Curve.
As the first three exchanges have all gained a lot of fame through airdrops, it is possible that ParaSwap, which has yet to launch a coin, will also do so in the near future.
With the DeFi wave fading, NFT is definitely the next big thing in the crypto world. Opensea, with the largest number of users and the widest variety of NFT assets, is the most well-known NFT trading platform currently. To further retain users and maintain its dominance in the NFT space, it’s also likely for OpenSea to launch its native token in the future.
It is predicted that the OpenSea airdrop may be conditioned on participation by purchasing and creating NFT on the platform, but the threshold for participation may be raised due to the tremendous volume of new users.
As one of main approaches for projects to give back and reward early and core users or contributors, airdrop is beneficial to promote projects and strengthen their community. In addition, users can gain access to certain cryptocurrencies at a lower cost by means of it. It is also a good way for crypto newbies to learn relevant knowledge and gradually know more about projects.
Author: Edward. H, Gate.io Researcher *This article represents only the views of the researcher and does not constitute any investment advice. *Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all other cases, legal action will be taken due to copyright infringement.