Get an airdrop! you Get an airdrop!
In hopes and prayers for the cryptocurrency bull market imminent return homeonslaught “empty money” Airdrops for cryptocurrency users continue. Here’s the latest information: Photo FrameAn Ethereum scaling network designed for NFTs.
The project plans to launch its native FRAME token on Tuesday, and announced that any cryptocurrency user who has traded NFTs on Ethereum over the past two years can now collect varying amounts of FRAME. The criteria used to determine the size of a user’s airdrop will be based on the number of NFT transactions, the financial size of those transactions, and the amount of creator royalties paid during those transactions.
NFT traders can already claim FRAME via: online portalThe token will not functionally exist until January 31st, when it becomes active with the Frame mainnet.
FRAME tokens will initially only be used to control the governance of the Frame ecosystem and the Frame Creator Fund announced by the project. At a yet-to-be-announced date, the tokens will be unlocked for transfer and possibly tradable on secondary markets for monetary value.
Users already started receiving their free FRAME on Tuesday. Some have reported receiving thousands of tokens based on their NFT trading activity.
Today’s airdrop is just the first of many FRAME prizes, the project said. Once the project fully launches at the end of next month, we will begin distributing more tokens to users and community members to encourage activity.
Frame is working to create an ecosystem for the buying, selling, and creation of NFTs that puts creators first. Layer 2 rollup is based on Arbitrum Nova, the Ethereum scaling network.
Last year, the practice of enforcing creator royalties, typically charging NFT buyers between 2.5% and 10%, began to support artists and safeguard the democratized spirit of blockchain. steadily dismantled We are crushed by cruel market forces.
Frame enforces creator fees at the network level. It also stated that it prioritizes NFT security over other blockchains and will eventually be run by community members.
Along with the airdrop announcement, Frame also announced that it has secured the following initial funding: electric capitalSeveral cryptocurrency industry founders and influencers participated, including: chunky penguin CEO Luca Netz. Advisor Frame said: decryption The project has not yet disclosed the funding amount or the total amount of FRAME tokens.
Editor: Andrew Hayward
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