Dive into Ethdan.me, your personal guide to theEthereum blockchain, featuring expert insights, breaking news, and in-depth analysis from a seasoned developer. Explore DeFi, NFTs, and Web3 today!
Featured Story
- Get link
- Other Apps
Frame Announces Airdrop of Native FRAME Token for Ethereum NFT Users
![Frame Announces Airdrop of Native FRAME Token for Ethereum NFT Users](https://mm-gen-images.nyc3.cdn.digitaloceanspaces.com/uploads/ab8811ff-c91f-4082-8104-5ac973cf67bc.png)
Ethereum scaling network, Frame, has recently revealed its plans for an airdrop of its native FRAME token. This airdrop is specifically targeted towards crypto users who have engaged in NFT transactions on the Ethereum blockchain within the last two years. The size of the airdrop will be determined by factors such as the number of NFT trades conducted, the financial volume involved, and the creator royalties paid. Initially, the tokens will be utilized for governance and control of the Frame Creator Fund. However, there are future plans for these tokens to become tradable on secondary markets.
Airdrop for NFT Transactions
Frame, the Ethereum scaling network for NFTs, has taken a significant step towards rewarding its dedicated user base. By offering an airdrop of its native FRAME token, Frame aims to acknowledge and incentivize crypto users who have actively participated in NFT transactions on the Ethereum blockchain over the past two years.
The airdrop size will be determined by several key factors, providing a fair distribution of tokens amongst eligible participants. These factors include the number of NFT trades conducted, the financial volume of these trades, and the amount of creator royalties paid. By taking these metrics into account, Frame ensures that users who have contributed the most to the NFT ecosystem are duly recognized and rewarded.
Utilization of FRAME Tokens
Upon receiving the airdropped tokens, users will have the ability to utilize them for governance and control of the Frame Creator Fund. This fund serves as a centralized pool of resources that supports and empowers creators within the Frame ecosystem. By granting token holders governance rights, Frame aims to foster a community-driven approach to decision-making, ensuring that the interests of creators and users are prioritized.
Future Tradable Assets
While the primary purpose of the FRAME tokens is currently focused on governance and control of the Frame Creator Fund, there are future plans to make these tokens tradable on secondary markets. This opens up exciting possibilities for token holders, as they will have the opportunity to not only participate in the governance of the ecosystem but also potentially benefit from the value appreciation of the tokens in the open market.
By introducing a tradable aspect to the FRAME tokens, Frame is creating an additional avenue for users to derive value from their participation in the NFT ecosystem. This move aligns with the broader trend of tokenizing assets and establishing a thriving marketplace for digital assets.
In conclusion, Frame's airdrop of its native FRAME token to users who have conducted NFT transactions on the Ethereum blockchain in the last two years is a significant development. By rewarding active participants and providing them with governance rights and potentially tradable assets, Frame is further solidifying its position as a leading Ethereum scaling network for NFTs.
- Get link
- Other Apps
Trending Stories
Unveiling the Journey of Digital Currency Group: A Deep Dive into the Rise and Challenges of a Crypto Behemoth
- Get link
- Other Apps
BLUR Token Surges 30% After Season 2 Airdrop and Binance Listing
- Get link
- Other Apps
# New York Attorney General Files Lawsuit Against Genesis Global Capital, Gemini Trust, and Digital Currency Group: Allegations of Fraud and Concealed Losses Shake Cryptocurrency Industry
- Get link
- Other Apps
Unconventional Encounters and Eccentricity: Exploring Art Basel's NFT Art Extravaganza at Miami Beach
- Get link
- Other Apps
Revolutionizing Cancer Detection: Hands-On with Ezra's AI-Powered MRI Scanner
- Get link
- Other Apps
Comments
Post a Comment