A new type of airdrop was very popular in the final quarter of 2021 as Decentralized Autonomous Organizations (DAOs) bring a lot of value to existing users.
Recently, Opendao dropped tokens on Opensea users and many have amassed thousands of dollars from SOS. Now another project called Gas is putting DAO tokens in every wallet that is depositing more than $ 1,559 in Gas Ether by December 26th.
Gas DAO airdrop
Many projects this year have airdrops done to create a system of governance and those who have used these protocols at least once are often rewarded with these Airdrop governance tokens.
Shapeshift recently turned into and the project has given FOX tokens to Shapeshift users. In the first week of November, Ethereum Name Service (ENS) also held an airdrop after converting the project into a DAO.
Additionally, crypto advocates raved about the OpenDAO airdrop last week as anyone who used Opensea before December 23 was rewarded with SOS tokens. SOS currently has a valuation of $ 167 million while ENS has a market cap of around $ 885 million.
Now, a project called Gas DAO is at the heart of the Airdrop as the project rewards every Web3 wallet user with GAS tokens for spending $ 1,559 in ETH gas fees before December 26th. If the user has not spent $ 1,559 in gas charges, the app states that they are “not eligible” to claim GAS.
On December 29th, the Gas DAO team tweets:
There are over 143 million unique addresses that have transacted on the Ethereum network. The Gas DAO was created as the voice and heartbeat of the 643,000 most active users of these 143 million addresses in order to bring together communities from Defi, Dapp and NFT. “
Airdrop request process
Of course, many are concerned about these airdrops and the security of the connection to the app via the Web3 wallet. The application has access to a view of the applicant’s address and the transactions processed to verify the $ 1,559 spent on ETH fees.
Twitter user Technoartoria wrote a review of the Gas DAO treaty, and Adam Eisenman also wrote a summary of “how safe and fair it is”. According to Technoartoria:
“A quick look at the Gas DAO token contract shows:
– 55% of the offer is for the airdrop
– Ownership of the Merkle tree cannot be manipulated
– 15% of developer tokens are allocated linearly
– Votes for DAO governance cannot be changed. Inquiries and transactions are 100% secure. ”
A quick read of @ 0xGasDAO Token Contract: https://t.co/WBT21P4LRn
– 55% supply for Airdrop
– Merkle Tree Claim cannot be manipulated
– 15% Dev tokens are transferred linearly
– Voting will be implemented for Dao governance$ GAS is not robust. 100% safe to claim and trade. pic.twitter.com/eLY4gasj42– TechnoArtoria (????, ????) (@artoriamaster) December 29, 2021
Meanwhile, Eisenman highlighted some differences between the Gas DAO airdrop and the SOS airdrop and issued a warning:
“It is worth noting that there is a scan function that enables contract holders (developers) to claim all unclaimed tokens after the claim period (May 1, 2022) has expired. This implies a potential for developers to capture the majority of the token supply. Certainly not a step that reflects justice or inspires a grassroots movement to build on GAS. Giant Red Flag “.
At the time of writing, Gas DAO’s official Youtube Channel has 22.5,000 followers as well as tens of thousands of token holders. The Gas DAO celebrated the victory on Wednesday with a statement on Twitter.
“It’s only been 12 hours and we already have 20,000 followers and 26,000 hodlers. We couldn’t have expected a better start to our journey to the largest and most powerful community on Ethereum. We’re just getting started. “
In addition to criticizing, Eisenman also claims in his summary that the claims process was secure.
“Now comes the part you’ve all been waiting for. Is it safe to claim the airdrop? Yes, the claim function is very simple … it just checks the Merkle evidence (to make sure you are eligible for the amount you want to claim); and then transfer the tokens to your address. “
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