TL;DR
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We qualify for the Frame airdrop (which means you might too!), so we figured we’d let you know about it.
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To qualify, all you need to have done is buy an Ethereum NFT and have paid royalties on it at some point in the past two years.
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You can claim the airdrop here, now – but the tokens won’t be tradable until Jan 31, 2024.
Full Story
We rarely qualify for airdrops (aka crypto giveaways), because we’re all about buying and holding.
(And most airdrops require you to have used some whizz-bang new layer-2, to qualify).
But we qualify for the Frame airdrop (which means you might too!), so we figured we’d let you know about it.
Here’s the deal:
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To qualify, all you need to have done is buy an Ethereum NFT and have paid royalties on it at some point in the past two years.
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You can claim the airdrop here, now – but the tokens won’t be tradable until Jan 31, 2024.
And if you’re wondering why airdrops are even a thing (why would someone just giveaway money??)…
Then say no more – we’ve got you!
They’re usually done for one, or both of the following reasons:
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To get people to start using a crypto product.
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To decentralize a project.
The way that last one works is this:
Some airdrops (like the Frame airdrop) send out ‘governance’ tokens to users – where each token gives them one vote on any proposed changes to the project and its product(s).
Which means the project itself is no longer owned and controlled by any one person or entity.
This earns trust from the user base (because they now know there isn’t a single point of power that can corrupt and mess with the product), and keeps regulators at bay (because there’s now no ‘head’ to metaphorically cut off).
Alright, now you know!
