Arcade to Launch Next ARCD Token Airdrop for NFT Holders
Ethereum-based DeFi protocol Arcade has announced that it will be launching its next airdrop of the native ARCD token next week. On February 21, 4,000 lucky holders of select NFT and Bitcoin Ordinals collections frequently used as loan collateral on Arcade will receive bundles of 750 ARCD tokens. The airdrop will randomly select 2,000 wallets holding Ethereum-based NFTs and another 2,000 wallets holding Solana-based or Bitcoin-inscribed NFTs for the whitelist. Users from several countries, including the United States, will not be eligible to participate. This airdrop signifies Arcade’s intention to expand its presence on Solana and Bitcoin.
Claiming the ARCD Tokens
Raffle winners whose wallets are added to the airdrop’s whitelist will have two hours to claim their ARCD tokens on February 21. After that, any unclaimed spots in the airdrop will be open to any holder of the specified NFTs and Ordinals on a first-come, first-served basis. Initially, the entire 3 million ARCD airdrop was designed to operate on this competitive model but due to community feedback, the “clash” element was lightened. The ARCD token is currently locked but steps are underway to unlock and permit its sale.
Hot Take: Arcade Expands Presence with ARCD Token Airdrop
Arcade’s upcoming airdrop of its native ARCD token signifies its intention to expand its presence beyond Ethereum onto Solana and Bitcoin. By targeting specific NFT and Bitcoin Ordinals collections, Arcade aims to incentivize participation from different blockchain communities while providing liquidity through lending services. The airdrop will distribute 750 ARCD tokens to 4,000 lucky holders, with wallets selected at random. This move demonstrates Arcade’s commitment to engaging with diverse crypto communities and supporting their collections directly. As the ARCD token unlocks in the near future, it will enable holders to actively participate in ArcadeDAO’s governance proposals and contribute to the platform’s development.
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