Coinfeeds Daily → Arcade Announces Multi-Chain NFT Airdrop

Arcade Announces Multi-Chain NFT Airdrop

Published: Feb 18, 2024 | Last Updated: Mar 17, 2024
Howard Kane
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3 million ARCD tokens to be distributed to NFT and Bitcoin Ordinal holders across Ethereum, Solana, and Bitcoin networks.

In a recent announcement, Arcade, a DeFi protocol built on the Ethereum network that specializes in NFT lending, has unveiled plans for an airdrop targeting holders of select NFTs on the Ethereum and Solana blockchains, as well as those owning Bitcoin Ordinals. This strategic move is set to distribute 3 million ARCD tokens across 4,000 wallets, marking a significant step in Arcade's efforts to extend its footprint across these major blockchain ecosystems.

Understanding the Airdrop

The airdrop is scheduled for February 21, where 4,000 lucky wallets holding specific NFTs or Bitcoin-inscribed Ordinals will be awarded 750 ARCD tokens each. This initiative is not just about rewarding current holders but is also aimed at expanding Arcade's influence beyond the Ethereum network, reaching into the Solana and Bitcoin communities. The ARCD token, primarily used for governance voting within the Arcade ecosystem, is expected to be unlocked for sale in the near future, adding another layer of anticipation among the recipients.

Selection Criteria and Process

The selection process for the airdrop recipients involves a combination of random selection and a competitive event dubbed the 'Clash of Claims'. This approach ensures that the distribution of tokens is both fair and engaging, giving an equal chance for all eligible holders to benefit. The 'Clash of Claims' particularly adds an element of excitement, as unclaimed tokens become the target of a spirited competition among participants.

Implications for the Blockchain Ecosystem

This airdrop represents a significant move by Arcade to not only reward its community but also to foster greater integration and collaboration across different blockchain networks. By including Ethereum, Solana, and Bitcoin collectors in this event, Arcade is acknowledging the diverse landscape of the blockchain ecosystem and the importance of building bridges between these platforms. This could lead to increased liquidity and utility for NFTs across blockchains, benefiting collectors, traders, and the broader NFT market.

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