What is SOS?
SOS gains lot of attention from investor in recent days, as project distribute rewards in SOS token for trading or buying NFT on OpenSea. SOS said to be governance token of OpenSea platform that entitle OpenDAO i.e. Opensea decentralized autonomous organization. We know, Opensea NFT is marketplace which works full decentralized manner with community.
SOS introduced to pay tribute, protect and promote largest community of NFT as per the TheOpenDAO portal. It is nothing but Christmas and New Year gift as well as thanking reward for NFT trader. However, 50% supply airdrop to early Opensea users, as user need to claim their SOS token on OpenDao. Every user will get different rewards as per their trading volume SOS reward calculated and later available for claim. Remaining 50% will be divided into three part include staking incentive, DAO and Liquidity pool incentives.
OpenDAO will be helping community with 20% of supply as it will be distributed within scam victim, emerging creator, community, and art preservation and developer engagement. Snapshot for airdrop already taken and user who traded on OpenSea can claim token before 30th June 2020. Unclaimed token will be sent back to DAO treasury based on community voting.
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SOS Coin Price Prediction
|Uniswap, ByBit, 1inch Exchange, Gate, Kucoin, MEXC, Okex.
SOS Token Price Analysis
SOS following airdrop distribution gets decentralized exchange and top tier centralized exchange listing. As per the coingecko report on 25th December 2021 SOS token start trading at price $0.00000200 USD. After listing on next SOS token highlighted on trending list crypto price reporting platform and registered 60% surge in price. Most of familiar about uni token, which is governance token of uniswap DEX, as its distribution almost similar as SOS token. We know growth of NFT and use of opensea just like Uniswap for decentralized trading and looking at growing number SOS token will considering as investment point view.
We know governance token are important for every decentralized project because it gives freedom to actual user to bring changes in the product. We know there are lots of issues on Opensea and also include scam or fake project or fake ownership that need to be solved. OpenSea currently most widely used product in crypto market because growth in NFT trend. Most of ethereum based NFT being traded on opensea and newly launched project owner’s gives top priority to the opensea. However, there is no official confirmation from OpenSea of being integrated with OpenDAO, so as of writing OpenDAO works individually.