SOS gains a lot of investor attention in recent days, as the project distributes SOS token rewards for trading or buying NFTs on OpenSea. SoS said it is a governance token of the OpenSea platform that entitles OpenDAO, i.e. the decentralised autonomous organisation of Opensea. We know, Opensea NFT is a marketplace that works in a fully decentralised way with the community.
SOS was introduced to honour, protect and promote the largest NFT community according to TheOpenDAO portal.
It is nothing more than a Christmas and New Year gift as well as a thank you reward for the NFT trader. However, 50% provides airdrop to early adopters of Opensea, as the user needs to claim their SOS token on OpenDao. Each user will get different rewards according to their SOS trading volume reward calculated and then available to claim. The remaining 50% will be divided into three parts including betting incentive, DAO and liquidity pool incentives.
OpenDAO will help the community with 20% of the supply as it will be distributed within the con victim, emerging creator, community and art preservation and developer participation. The snapshot for airdrop already taken and the user who traded on OpenSea can claim the token before 30 June 2020. The unclaimed token will be sent back to the DAO treasury based on the community vote.
SOS COIN PRICE PREDICTION
MONTH AND YEAR SOS PRICE FORECAST
May 2022 $0.00000218
June 2022 $0.00000323
July 2022 $0.00000360
August 2022 $0.00000382
September 2022 $0.00000411
October 2022 $0.00000305
November 2022 $0.00000360
December 2022 $0.00000396
March 2023 $0.00000469
June 2023 $0.00000479
September 2023 $0.00000523
December 2023 $0.00000558
April 2024 $0.00000541
July 2024 $0.00000630
October 2024 $0.00000576
January 2025 $0.00000641
February 2025 $0.00001406
March 2025 $0.00001445
April 2025 $0.00001591
May 2025 $0.00001615
June 2025 $0.00001656
July 2025 $0.00001851
August 2025 $0.00002143
September 2025 $0.00001955
October 2025 $0.00001916
November 2025 $0.00002240
December 2025 $0.00002305
January 2030 $0.00004952
March 2030 $0.00005260
May 2030 $0.00005910
July 2030 $0.00005439
September 2030 $0.00006267
December 2030 $0.00006494
OpenDAO Overview
OpenDAO project name
Ticker symbol SOS
Official website Theopendao.com
Total supply 100 billion
Launch year 2021
Ethereum network
Exchange Uniswap, ByBit, 1inch Exchange, Gate, Kucoin, MEXC, Okex.
Metamask wallet
SOS token price analysis
SOS after airdrop distribution gets a decentralised exchange and a centralised top-tier exchange list. According to the coingecko report on December 25, 2021, the SOS token starts trading at the price of $0.00000200 USD. After trading at the next SOS token, it was highlighted on the crypto price reporting platform of the trending list and recorded a 60% increase in price. Most familiar about uni token, which is the governing token of uniswap DEX, as its distribution is almost similar to that of SOS token. We know that the growth of NFT and the use of opensea as well as Uniswap for decentralised trading and looking at the growing number of SOS tokens will be considered as investment point of view.
Conclusion
We know that governance tokens are important for every decentralised project because it gives freedom to the real user to bring changes in the product. We know that there are many problems in Opensea and they also include scams or fake projects or fake properties that need to be solved. OpenSea is currently the most used product in the crypto market due to the growth of the NFT trend. Most of the ethereum-based NFTs traded on opensea and owners of newly launched projects give top priority to opensea. However, there is no official confirmation from OpenSea to be integrated with OpenDAO, so at the time of writing OpenDAO works individually.