HODL your $SOS! Soon you may be able to buy NFTs with it

>GET THE AIRDROP HERE<

$SOS just gave its holders a new reason to HODL their tokens!

OpenDAO, the coin issuer, named X Marketplace as its latest partner.

So users will soon be able to buy NFTs with their $SOS on X Marketplace.

OpenDAO made headlines when it airdropped $SOS tokens for anyone who has ever traded at OpenSea since its launch.

Thanks to these airdrops, traders were able to claim a decent amount of SOS.

At its peak, the price saw a 1,270% surge thanks to the bullish sentiments after the OpenSea airdrop.

Currently, the price of $SOS is $0.00000588.

Why You Should HODL your $SOS tokens!

Basically, X Marketplace will be giving 25% of its tokens to the $SOS community.

Then, users will soon be able to stake their $SOS to claim veX tokens that give governance rights and a 100% share of the X Marketplace’s fees.

According to the website, X is a multichain decentralized NFT marketplace owned and operated by the NFT community.

Governance is provided by the X DAO with voting rights given to token holders.

Airdrops have been a go-to community-building initiative of ICO and NFT projects.

So it is interesting to see how excited crypto enthusiasts still get over airdrops in 2021. What makes X Marketplace’s partnership with OpenDao unique is that they are directly tapping into existing users of one of their direct competitors.

The $SOS airdrop to OpenSea was a massive hit, so now X Marketplace can play this angle too!

To fully understand the potential of $SOS and X Marketplace’s partnership, we need to look at the OpenSea airdrop.

So why did the $SOS team decide to create tokens based on OpenSea versus activity from other transactions across blockchains?

OpenSea is a centralized company so even if you spend millions of dollars on the platform, only shareholders would directly benefit from it.

So in a way, $SOS gives ownership to users of OpenSea without actually building a partnership with OpenSea.

With that in mind, we can only imagine the huge upside of an actual partnership like the one they have with X Marketplace.

The Other Side of The Coin

So far, $SOS tokens are packed with good news.

However, there are always two sides to every story.

Twitter user @fabdaRice rounded up the $SOS tokens’ red flags.

The most salient would be 50% of all tokens are currently available in 3 EOA wallets with no vesting or lock periods.

Therefore, the team can, at any point, rug the entire liquidity.

The whole operation is also at risk of having a central point of failure being compromised.

So our closing thoughts on this is that it’s OK to celebrate the good news but there’s also no harm in remaining vigilant!

Still if you got the airdrop you made money right?

Enjoy and happy new year!

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