- Theta Network will airdrop NFT liquidity mining token TDROP on February 1.
- TDROP has a maximum supply of 20 billion tokens.
- Also, TDROP tokens will help incentive purchases on ThetaDrop NFT marketplace.
Theta Network will airdrop an NFT liquidity mining token, TDROP, on February 1, 2022. Notably, Theta plans to limit TDROP distribution to Theta stakers. In addition, Theta will use the token as a reward for validators and guardians.
Read CRYPTONEWSLAND on
google news
To clarify, TDROP is an TNT-20 token built on the Theta blockchain. Theta will also use TDROP for decentralized governance through staking. As such, TDROP will be a central incentive for promoting activity on Theta’s ThetaDrop marketplace.
ThetaDrop is Theta’s NFT marketplace. ThetaDrop users will earn TDROP tokens each time they make a primary or secondary purchase using TFUEL.
Non-fungible tokens (NFTs) boomed over the past year. Several NFTs even sold for jaw dropping prices. Record breaking NFTs, for example, include digital designer Beeples’ NFT which sold for over $69 million. Beeple’s NFT was sold through a Christie’s auction in March 2021. More recently, several NFTs from the Crypto Punks series have surpassed the $100,000 mark.
TDROP future utility includes VIP benefits like early access on ThetaDrop. Another TDROP utility is earning share of the TDROP stake reward pool. Lastly, TROP holders will have ThetaDrop governance voting rights.
TDROP will have a maximum supply of 20 billion tokens. The token distribution will be 30% for liquidity mining, 20% for validators/guardians, 20% for decentralized governance, and 20% for Theta team development.
Also, token holders will be able to stake the reward token on the Theta Web wallet and Theta mobile wallet and will not require a specific guardian or edge node.
Recommended News :
disclaimer read moreCrypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
