A new type of airdrop was very popular in the last quarter of 2021, as quickly assembled Decentralized Autonomous Organizations (DAOs) distributed a lot of value to existing crypto users. Just recently, Opendao offered Opensea users an airdrop, and many people racked up thousands of dollars in SOS tokens. Now another project called Gas DAO involves depositing tokens on any wallet that paid more than $ 1,559 in ether gas fees by December 26th.
Gas DAO Airdrops Tokens to users who spent $ 1,559 on Ether Fees before the snapshot
Many projects this year have created airdrops as a way to create a system of governance, and people who have used these protocols at least once are usually rewarded with these parachuted governance tokens. Recently, Bitcoin.com News has reported Shapeshift disbandment in a DAO, and the project has dropped FOX tokens to Shapeshift users. During the first week of November, our press office also covered the Ethereum Name Service (ENS) airdrop when the project moved to a DAO.
Additionally, crypto supporters discussed the Opendao airdrop last week, as anyone who used Opensea before December 23 was rewarded with SOS tokens. Opendao Tokens (SOS) today have a market valuation of $ 167 million and ENS has a market cap of approximately $ 885 million. Now a project called DAO gas is the latest DAO airdrop buzz because the project rewards any Web3 wallet user with GAS tokens if they spent $ 1,559 in Ethereum fees by December 26th. If the user has not spent $ 1,559 in ether fees, the app will tell the person it is “for the GAS token request.”
On December 29, the Gas DAO team tweeted:
There are over 143 million unique addresses that have transacted on the Ethereum network. Gas DAO was created to be the voice and heart of the 643,000 most active users among those 143 million, to bring together communities spanning challenges, dapps and NFTs.
Crypto Advocates Reviews Gas DAO Code and Airdrop Claim Process
Of course, many people were concerned about these airdrops and the security of connecting to the app through a Web3 wallet. The app accesses a view of the requestor’s address and processed transactions to verify the $ 1,559 spent on ether fees. Twitter user Technoartoria (@artoriamaster) wrote a review of the Gas DAO contract and Adam Eisenman (@ 0xdigitaloil) also wrote a abstract on “how safe and fair this is.”
Eisenman pointed out some differences between dropping Gas DAO and dropping SOS. “It should be noted that there is a sweep feature that allows the contract owner (dev) to claim any unclaimed tokens after the claim period ends (May 1, 2022),” Eisenman wrote. “This implies a potential for the developer to end up with the majority of the token supply. Huge red flag. Eisenman’s summary continued:
Structurally and spiritually, this contract is very different from SOS as the developer may end up with the majority of the token supply. Unexpected. In my humble opinion, this is certainly not a movement that reflects fairness or inspires a grassroots movement to build on GAS.
At the time of writing, Gas DAO’s official Twitter page has 22.5,000 followers as well as tens of thousands of token holders to date. Gas DAO celebrated how quickly things were moving via a statement on Twitter on Wednesday. “To say that it’s only been 12 hours and that we already have 20K followers and 26K holders”, the Gas DAO team noted. “We couldn’t have asked for a better start on our journey to becoming the largest and most powerful community on Ethereum. We’re just getting started here.
According to Technoartoria’s review, the “merkle tree claim cannot be manipulated” and Gas DAO is “100% safe to claim and trade”. Apart from the reviews, Eisenman’s summary also claims that the complaints process is safe. “Now to get to the part you’ve all been waiting for. Is it safe to claim? Eisenman’s tweetstorm ends. “Yes, the complaints function is simple… [It] just check the proof of merkle (to make sure you are entitled to the amount you are trying to claim); then transfers the tokens to your address.
What do you think of the Gas DAO drop and the recent DAO drop craze? Let us know what you think of this topic in the comments section below.
Image credits: Shutterstock, Pixabay, Wiki Commons, Gas DAO
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