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 onTo 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.
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