You Get an Airdrop! You Get an Airdrop!
Amid hopes and prayers for the crypto bull market’s imminent return, the onslaught of “free money” airdrops for crypto users continues. The latest comes courtesy of Frame, an Ethereum scaling network designed for NFTs.
FRAME Airdrop Eligibility
The project announced Tuesday that it will soon launch a native FRAME token, and that any crypto user who has transacted an NFT on Ethereum in the last two years is now eligible to collect varying amounts of FRAME. Criteria used to determine a user’s airdrop size is determined based on the number of NFT trades made, the financial volume of those trades, and the amount of creator royalties paid during those transactions.
Claiming FRAME Tokens
While NFT traders can already claim FRAME via an online portal, those tokens won’t functionally exist until January 31, when they will go live alongside the Frame mainnet.
FRAME Tokens for Governance
FRAME tokens will initially be used exclusively for governance of the Frame ecosystem and to control the Frame Creator Fund. At a later date, the tokens will be unlocked for transfer and presumably become tradable on secondary markets.
First Round of Airdrops
Users have already begun claiming their free FRAME tokens, with some reporting receiving thousands of tokens based on their NFT trading activity. Today’s airdrop is only the first of many giveaways planned by Frame as it aims to encourage activity within its ecosystem.
A Focus on Creators and Security
Frame seeks to create an ecosystem for buying, selling, and creating NFTs that prioritizes creators. It enforces creator fees at the network level and prioritizes NFT security. The project has also secured an initial fundraise led by Electric Capital, with participation from industry founders and influencers.
Hot Take: Frame Airdrop Offers Free Tokens to NFT Traders
Frame’s airdrop of free FRAME tokens to eligible NFT traders is another example of the ongoing trend in the crypto world. By rewarding users who have transacted NFTs on Ethereum, Frame aims to incentivize activity and encourage adoption of its ecosystem. With varying amounts of tokens distributed based on trading activity and creator royalties paid, this airdrop provides an opportunity for users to benefit from their past engagement with NFTs. As Frame prepares for its official launch and the tokens become functional, it will be interesting to see how they are utilized within the governance of the network and if they gain value in secondary markets.
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