Arcade, a leading player in the NFT lending space, announces an important airdrop of 3 million $ARCD tokens. This airdrop targets holders of top NFT collections on Solana, Ethereum, and Bitcoin networks.
Starting February 21, eligible collections include Mad Lads, Tensorians, Bitcoin Puppets, NodeMonkes, Pudgy Penguins, Lil Pudgys, Sappy Seals, and RSIC. The ‘Clash of Claims’ event will allocate tokens to the first 4,000 wallets within a 2-hour window on the ETH Mainnet.
This marks Arcade’s second airdrop event, following a successful giveaway last October. At present, the primary function of the $ARCD token is to facilitate governance voting within the ArcadeDAO, serving as a non-tradable asset. But plans are underway to make them tradable. Post-airdrop, the circulating supply is expected to reach approximately 6.5 million tokens. Further, the platform aims to cap the total supply at 100 million as a long-term goal.
Understanding the Strategic Importance of the Airdrop
Arcade’s inclusion of Solana-based NFTs and Bitcoin-inscribed Ordinals signifies its dedication to a diverse blockchain ecosystem. Additionally, Co-founder Robert Masiello‘s recognition of potential protocols on various networks highlights the company’s aim to promote inclusivity and support NFT lending sector growth.
Moving along, Arcade’s airdrop aims to reward current users and attract new participants, nurturing a more inclusive digital economy. Furthermore, the strategic inclusion of Ethereum, Solana, and Bitcoin-based NFTs reflects Arcade’s commitment to bridging communities and supporting ecosystem expansion.
About Arcade
Built on Ethereum, Arcade serves as a protocol and platform combo, enabling NFT-based peer-to-peer lending and borrowing. It empowers NFT owners to unlock liquidity while offering lenders the opportunity to earn interest by providing funds.
In conclusion, Arcade’s upcoming airdrop signals a strategic move to engage the NFT community across diverse blockchain networks. Arcade aims to promote inclusivity and growth in the NFT lending sector by rewarding holders of popular NFT collections and embracing various protocols. Consequently, with plans to make $ARCD tokens tradable, Arcade continues to innovate and expand its offerings within the evolving blockchain landscape.
