As AZCoin News mentioned, DappRadar, a startup that provides data for analyzing Dapps, has announced the launch of its token called RADAR. And for now, it has launched its native token after revealing key utilities and features at an event held in the Somnium Space metaverse. Importantly, the platform confirmed that the token would not be presale, completely airdropping to the community.
Source: DappRadar
DappRadar opens RADAR airdrop for Ethereum users on the platform
RADAR will be airdropped to loyal DappRadar users and partners. The token will initially provide several utility functions for the platform, including access to DappRadar PRO features, staking, and governance for the nascent DappRadar DAO. In addition, RADAR will become a payment option for its services, and users will receive a discount when using it.
As mentioned, RADAR will be airdropped to loyal DappRadar users and long-term dApp users – regardless of whether they use DappRadar or not. After the first airdrop, 40% of the supply will be gradually distributed to the community when the Shareholders and the Team share the shares within four years.
“With more than a million active users and thousands of dapps listed, DappRadar — which we started as a weekend project — has grown to truly humongous sizes,” said Skirmantas Januškas, co-founder and CEO of DappRadar. “We decided to reward long-time dapp users through the RADAR token, giving them influence over the platform. It’s important for us to reward the community fairly, so we did not use this as an occasion to raise funds. So the RADAR token has no pre-sale or additional investor allocation, which I think is getting hard to see in this space.”
It is known that the conditions for receiving the airdrop are as follows:
- Wallets that sign up for DappRadar & use at least 1 ETH within six months: 8697 RADAR.
- Wallets that use >10 ETH full time: 5798 RADAR.
- Snapshot time: October 19.
- Link to check and claim token.
The RADAR token will have a total supply of 10 billion, and 10% of it will be for the airdrop, equivalent to 1 billion.
Along with this news, the good news is that in addition to trading RADAR on SushiSwap, there is also Huobi. According to the announcement, Huobi Global is expected to list RADAR (Dappradar) in the Pioneer Zone on December 15, 2021. Accordingly, the transaction for sending RADAR was opened at 05:00 on December 15, while trading Withdrawals will be opened at 17:00 on December 16.
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Read more:
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