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What is OpenDAO?
Investor interest in OpenDAO has increased recently as a result of the project’s distribution of SOS token prizes for trading or purchasing NFT on OpenSea. SOS is allegedly a governance token for the OpenSea platform, which powers the OpenDAO, or Opensea decentralised autonomous organisation. We are aware that the Opensea NFT marketplace operates completely decentralised and in collaboration with the community.
According to the TheOpenDAO webpage, SOS was created to honour, defend, and support the largest community of NFT. Nothing more than a gift for the holidays and a thank-you gift for the NFT trader. However, early Opensea users will only receive 50% of the airdrop because they must use OpenDao to claim their SOS token. Depending on their trading volume, each user will receive a distinct SOS award, which will be calculated and made subsequently available for claim. The remaining 50% will be split into three parts, including incentives for staking, DAOs, and liquidity pools.
By distributing 20% of its supply to scam victims, up-and-coming artists, the local community, art preservation, and developer engagement, OpenDAO will support the community. A snapshot for the airdrop has already been taken, and those who have traded on OpenSea can claim their tokens until June 30, 2020. Upon community approval, all unclaimed tokens will be returned to the DAO treasury.
OpenDAO Coin Price Prediction
|Month & Year||SOS Price Prediction|
|Total Supply||100 trillion|
|Exchange||Uniswap, ByBit, 1inch Exchange, Gate, Kucoin, MEXC, Okex.|
SOS Token Price Analysis
SOS receives decentralised exchange and top-tier centralised exchange listings after airdrop distribution. According to a Coingecko article, SOS token trading will begin on December 25, 2021, at a price of $0.00000200 USD. Following its listing, SOS token had a 60% price increase and was featured on a trending list on a cryptocurrency price monitoring portal. Most people are familiar with the uni token, the governance token of the uniswap DEX, because of how SOS token is distributed. We are aware of the expansion of NFT and the use of opensea for decentralised trading, much like Uniswap, and we will be considering SOS coin from an investment standpoint as its user base grows.
We are aware that governance tokens are crucial for every decentralised project since they provide genuine users the power to make modifications to the final product. We are aware that there are many concerns on Opensea, including scams, false projects, and ownership that needs to be resolved. Because of the increase in the NFT trend, OpenSea is currently the most popular product in the cryptocurrency industry. Opensea is where the majority of ethereum-based NFT are exchanged, and freshly announced project owners give it great emphasis. But as of this writing, OpenDAO operates independently because OpenSea has not officially confirmed that it would be connected with OpenDAO.