{"id":55224,"date":"2021-12-26T10:36:59","date_gmt":"2021-12-26T08:36:59","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=55224"},"modified":"2025-09-04T00:17:16","modified_gmt":"2025-09-03T21:17:16","slug":"opendao-carried-out-an-sos-token-airdrop-for-opensea-users-opensea-distanced-itself-from-the-project","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/opendao-carried-out-an-sos-token-airdrop-for-opensea-users-opensea-distanced-itself-from-the-project\/","title":{"rendered":"OpenDAO carried out an SOS token airdrop for OpenSea users; OpenSea distanced itself from the project"},"content":{"rendered":"<p>On December 24, the OpenDAO project carried out an SOS token airdrop among OpenSea users. Since the distribution began, the asset&#8217;s price has risen by more than 300%, according to <a href=\\\"https:\/\/www.coingecko.com\/en\/coins\/opendao\\\">CoinGecko<\/a>.<\/p>\n<p>SOS is an ERC-20 token. Eligible for the airdrop were users who \u201cbought on OpenSea in ETH.\u201d The distribution is based on a snapshot taken on December 23, 2021. Tokens can be claimed until June 30, 2022.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Ok for everyone asking regards the eligibility: everyone that BOUGHT on OpenSea in Eth is eligible to claim <a href=\\\"https:\/\/twitter.com\/search?q=%24SOS&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$SOS<\/a> token.<\/p>\n<p>Also: there is absolutely no rush \u2014 you can claim your <a href=\\\"https:\/\/twitter.com\/search?q=%24SOS&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$SOS<\/a> until the 30th of June.<\/p>\n<p>\u2014 OpenDAO\ud83c\udd98 (@The_OpenDAO) <a href=\\\"https:\/\/twitter.com\/The_OpenDAO\/status\/1474407913766756378?ref_src=twsrc%5Etfw\\\">December 24, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>According to the project site, the size of the reward depends on the total number of transactions and their volume. The second metric is more important.<\/p>\n<p>Ultimately, 50% of the SOS supply \u2014 50 trillion tokens \u2014 will be distributed among users. Unclaimed assets will be directed to the OpenDAO treasury.<\/p>\n<p>The SOS distribution proved extremely popular. In less than a day, the number of token holders surpassed 12,000. As of writing, organizers had distributed over 73% of the allocated funds (about 36.55 trillion SOS) among 231,094 addresses, according to <a href=\\\"https:\/\/dune.xyz\/0xroll\/OpenDAO\\\">Dune Analytics<\/a>.<\/p>\n<p>The average reward per address was 27 million SOS \u2014 about $225 before network fees.<\/p>\n<p>According to <a href=\\\"https:\/\/etherscan.io\/token\/0x3b484b82567a09e2588a13d54d032153f0c0aee0\\\">Etherscan<\/a>, the token is held by 184 163 addresses. The OpenDAO contract ranked among the three largest gas users on the Ethereum network.<\/p>\n<p>On the decentralized exchange Uniswap, SOS trading volume over the last 24 hours exceeded $261 million.<\/p>\n<p>Despite the hype, little is known about the project itself. The OpenSea developers stressed that they have no association with SOS, and recommended \u201cstudy the contract before claiming tokens.\u201d<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Happy Holidays! <\/p>\n<p>We\u2019re getting a lot of questions and want to clarify that we are not involved with the SOS drop. <\/p>\n<p>We love seeing the community find creative ways to drive the space forward, but we always recommend researching the contract and the source before claiming tokens.<\/p>\n<p>\u2014 OpenSea (@opensea) <a href=\\\"https:\/\/twitter.com\/opensea\/status\/1474802522304831489?ref_src=twsrc%5Etfw\\\">December 25, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>According to ICANN Lookup, the OpenDAO site was registered on December 9 through Domains by Proxy, a service that provides domain privacy.<\/p>\n<p>User 0xQuit noted that the SOS smart contract prevents double-spending and uses standard functions for issuing tokens and interacting with them. According to him, the contract is safe.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">7\/ tl;dr? <a href=\\\"https:\/\/twitter.com\/search?q=%24sos&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$sos<\/a> is safe to claim and trade. There\u2019s nothing out of the ordinary buried in the contract.<\/p>\n<p>You can take a look at <a href=\\\"https:\/\/twitter.com\/OpenZeppelin?ref_src=twsrc%5Etfw\\\">@OpenZeppelin<\/a> standard contracts here: <a href=\\\"https:\/\/t.co\/W1dD8uP4Tc\\\">https:\/\/t.co\/W1dD8uP4Tc<\/a><\/p>\n<p>*This is not an endorsement of <a href=\\\"https:\/\/twitter.com\/search?q=%24sos&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$sos<\/a> as a store of value, merely as a safe interaction.<\/p>\n<p>\u2014 quit (@0xQuit) <a href=\\\"https:\/\/twitter.com\/0xQuit\/status\/1474457062297915399?ref_src=twsrc%5Etfw\\\">December 24, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>The head of Quadrata Network, known as fabdaRice, also deemed the SOS contract safe, but stressed that the project team has broad powers over the asset&#8217;s issuance.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">4\/ \ud83d\udea9 Red Flag #2:<\/p>\n<p>The `claim` function below is allowing the dev team to arbitrary grant any arbitrary amount of <a href=\\\"https:\/\/twitter.com\/search?q=%24SOS&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$SOS<\/a> to any arbitrary wallets by simply generating \u00abvalid signatures\u00bb.<\/p>\n<p>This is VERY SCARY as nobody can differentiate the valid claims from the invalid ones. <a href=\\\"https:\/\/t.co\/W7jKRNHDU3\\\">pic.twitter.com\/W7jKRNHDU3<\/a><\/p>\n<p>\u2014 fabdarice  (@fabdaRice) <a href=\\\"https:\/\/twitter.com\/fabdaRice\/status\/1474605862324998144?ref_src=twsrc%5Etfw\\\">December 25, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>SOS tokens have already been added to listings on major exchanges such as KuCoin and OKEx.<\/p>\n<p>Earlier in the community <a href=\"https:\/\/forklog.com\/en\/news\/opensea-cfo-denies-ipo-plans\"> criticized OpenSea&#8217;s chief financial officer Brian Roberts<\/a>, who after his appointment hinted that he was already planning an IPO for the platform. Users argued that to fund the company&#8217;s initiatives it should issue its own token rather than seek funds on the stock market.<\/p>\n<p>In December, the Terra Name Service <a href=\"https:\/\/forklog.com\/en\/news\/terra-name-service-unveils-governance-token-and-announces-airdrop\">presented the token TNS and conducted an airdrop<\/a>.<\/p>\n<p>Read ForkLog&#8217;s bitcoin news in our <a href=\\\"\/\/telegram.me\/forklog\\\" target=\\\"\u201c_blank\u201d\\\" rel=\\\"\u201cnofollow\u201d noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On December 24, the OpenDAO project conducted an SOS token airdrop among OpenSea users. Since the distribution began, the asset&#8217;s price has risen by more than 300%.<\/p>\n","protected":false},"author":1,"featured_media":55225,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1158,1265],"class_list":["post-55224","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-airdrops","tag-opensea"],"aioseo_notices":[],"amp_enabled":true,"views":"29","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/55224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=55224"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/55224\/revisions"}],"predecessor-version":[{"id":55226,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/55224\/revisions\/55226"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/55225"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=55224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=55224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=55224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}