{"id":13918,"date":"2024-02-19T02:03:59","date_gmt":"2024-02-19T02:03:59","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2024\/02\/19\/arcade-signals-solana-and-bitcoin-ambitions-with-multi-chain-airdrop\/"},"modified":"2024-02-19T02:03:59","modified_gmt":"2024-02-19T02:03:59","slug":"arcade-signals-solana-and-bitcoin-ambitions-with-multi-chain-airdrop","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2024\/02\/19\/arcade-signals-solana-and-bitcoin-ambitions-with-multi-chain-airdrop\/","title":{"rendered":"Arcade Signals Solana and Bitcoin Ambitions with Multi-Chain Airdrop"},"content":{"rendered":"

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Arcade, a leading Ethereum-based DeFi protocol specializing in NFT lending<\/a>, has announced its next airdrop of the ARCD token<\/a>. This move marks Arcade\u2019s intention to broaden its presence on the Solana and Bitcoin platforms despite its primary operations on Ethereum.<\/p>\n

Airdrop Details<\/h2>\n

The airdrop is set to take place on February 21 and will distribute 750 ARCD tokens to 4,000 selected holders of specific NFT and Bitcoin Ordinals<\/a> collections. These collections are often used as collateral for loans on Arcade.\u00a0<\/p>\n

Approximately 2,000 wallets holding Ethereum-based NFTs such as Pudgy Penguins<\/a>, Lil Pudgys, and Sappy Seals<\/a>, as well as 2,000 wallets holding Solana-based NFTs such as Mad Lads and Tensorians or Bitcoin-inscribed Ordinal collections like Bitcoin Puppets<\/a>, NodeMonkes, and RSIC will be chosen randomly for the whitelist. The snapshot for eligibility will be taken on February 19.<\/p>\n

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Amazing feedback was given to the Arcade team around the upcoming ARCD airdrop.<\/p>\n

The ARCD Clash of Claims structure has been updated & will now occur over 2 phases.<\/p>\n

Phase 1: Whitelist Raffle Claim
Phase 2: Public PvP Claim<\/p>\n

Full Details: https:\/\/t.co\/4c3U8bXP9q<\/a><\/p>\n

Dive in\ud83d\udc47 pic.twitter.com\/pHougs9fhT<\/a><\/p>\n

\u2014 Arcade (@Arcade_xyz) February 15, 2024<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

It\u2019s important to note that users from certain countries, including the United States, are ineligible to participate in the airdrop. Selected raffle winners must claim their ARCD tokens within a two-hour window on February 21. Unclaimed tokens will then be available on a \u201cfirst come, first served\u201d basis in an event named \u201cClash of Claims.\u201d This process aims to ensure fairness and reduce the competitive aspect, addressing concerns raised by the community.<\/p>\n

ARCD Token and Future Plans<\/h2>\n

The ARCD token was launched in October during Arcade\u2019s initial airdrop and is currently non-transferable. It is solely used for voting on governance proposals within ArcadeDAO<\/a>. The total supply is capped at 100 million, with the circulating supply set to increase to approximately 6.5 million post-airdrop.<\/p>\n

Arcade has also revealed that steps are being taken to unlock ARCD for sale in the future and preparation for this event is one of the main reasons behind the timing of next week\u2019s airdrop. While an exact date for unlocking has not been specified, it is anticipated to occur relatively soon.<\/p>\n

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Continued Expansion<\/h2>\n

The upcoming ARCD airdrop not only showcases Arcade\u2019s commitment to expanding its presence on other platforms but also highlights the potential for continued innovation within the DeFi space. By offering NFT-based lending services, Arcade has created a unique niche for itself within the larger DeFi ecosystem. This airdrop is just one example of the ways in which Arcade is constantly evolving and adapting to meet the needs and demands of its growing user base.<\/p>\n

In conclusion, the upcoming ARCD airdrop is an exciting development for both Arcade and the DeFi industry as a whole. With plans for further expansion and innovation, this is just another step towards Arcade\u2019s vision<\/a> of creating a more inclusive and accessible DeFi ecosystem. Stay tuned for updates on the ARCD token and Arcade\u2019s continued growth in the months to come.\u00a0<\/p>\n<\/div>\n