Arcade Airdrop: Get Ready for the Giveaway
Ethereum-based DeFi protocol for NFT lending, Arcade, is gearing up for its upcoming airdrop of ARCD tokens. The airdrop is set to take place on February 21 and will distribute 750 ARCD tokens each to 4,000 lucky collectible owners. These collectors must hold specific pre-selected NFTs and Bitcoin Ordinals collections that are frequently used as loan collateral on Arcade.
In addition, 2,000 wallets holding digital collectibles like Pudgy Penguins, Lil Pudgys, and Sappy Seals will be randomly selected for the airdropโs allowlist. Another group of eligible NFT holders includes those with Solana-based Mad Lads and Tensorians NFTs, or Bitcoin-inscribed Ordinal collections such as Bitcoin Puppets, NodeMonkes, and RSIC.
The potential winners of the Arcade airdrop will receive 3% of the total supply of ARCD tokens, which amounts to around 3 million tokens. Winners must claim their tokens within two hours after the raffle is completed. Unclaimed spots will be given to other holders on a first-come-first-serve basis. Please note that users from certain countries, including the United States, cannot participate in the Arcade airdrop.
Arcadeโs Expansion Plans
Arcade has primarily operated on the Ethereum network and its native token ARCD is Ethereum-based. However, with the diversification of the airdrop across multiple blockchains, it seems that Arcade is considering expanding its presence on Solana and Bitcoin as well.
Arcade co-founder Robert Masiello expressed admiration for these communities and hinted at establishing the protocol on one of these networks in the future. If this happens, Arcade plans to support the chosen blockchain with its lending services.
All these developments indicate the evolving nature of the NFT ecosystem, with Yuga Labs recently acquiring Proof, the creator of Moonbirds, and pushing the industry to new heights.
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