Summary
TLDR: Arcade, an Ethereum-based DeFi protocol for NFT lending, will launch an airdrop of 750 ARCD tokens to 4,000 lucky holders of select NFT and Bitcoin Ordinals collections next week. Users in the US are not eligible. Arcade plans to expand to Solana and Bitcoin networks in the future. The ARCD token is currently locked but steps are being taken to unlock it for sale.
Key Points
1. Arcade, the Ethereum-based DeFi protocol for NFT lending, is launching an airdrop of its native ARCD token next week, distributing bundles of 750 ARCD tokens to 4,000 lucky holders of select NFT and Bitcoin Ordinals collections.
2. The upcoming airdrop signifies Arcade’s intention to expand its presence on Solana and Bitcoin, in addition to Ethereum, as the company aims to support collections on these networks with its lending mission directly.
3. After next week’s airdrop, the ARCD token’s circulating supply will increase to roughly 6.5 million, out of a total token supply of 100 million. The ArcadeDAO is already taking steps to unlock ARCD and permit its sale in the near future.