How to Claim OpenDAO (SOS) Airdrop

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Contributor, Benzinga
December 29, 2021

As the decentralized finance (DeFi ) industry continues to grow, airdrops have seen an increase in popularity because people love free assets. Airdrops spark excitement in the community as traders feel rewarded for contributing, making it the perfect marketing strategy to gain popularity among traders.  

OpenDAO (SOS) has quickly gained tremendous social momentum as traders are quick to share their rewards online. Compensation for spending ETH is something many traders never thought they would experience. The possibilities are endless for different ways to reward community members. 

Disclosure: eToro supports the following currencies: BTC, ADA, DASH, DOGE, EOS, ETH, LTC, NEO, XLM, XTZ, TRX, ZEC. eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. T&Cs apply. *The bonus is available to Benzinga readers in the US for open states only. Served by eToro USA LLC.

What Is SOS?

OpenDAO (SOS) is an ERC-20 token, which means it is built on the Ethereum blockchain. As a thank-you to non-fungible token (NFT) holders, collectors and markets for nurturing the NFT ecosystem, SOS rewards individuals who have spent ETH on OpenSea. The calculation was made based on a weighted distribution of ETH spent on OpenSea as well as the number of transactions made on OpenSea’s marketplace. Users are rewarded with access to free SOS tokens. 

The supply of SOS is 100 trillion tokens, where 50% is airdropped to OpenSea users, 20% will be used for staking incentives, 20% goes to the DAO treasury and the final 10% is used as a liquidity provider. 

SOS was developed to bring positive attention to the NFT space. Users that qualify are allowed to claim their SOS until June 30, 2022. Any unclaimed tokens after that date will be sent to the DAO treasury. The treasury is used for developer grants, encouraging NFT communities and supporting emerging artists.

How to Qualify for SOS Token Airdrop

To qualify for the SOS airdrop, traders must purchase an NFT on Opensea using Ethereum. The amount of ETH spent will reflect a reward of SOS, which users then have the ability to claim to their wallets. Any amount of ETH spent will be sufficient to receive an airdrop. Users who have not purchased NFTs on OpenSea can buy SOS on an exchange. The snapshot for the airdrop has already been taken, so if you haven’t used OpenSea yet, you won’t be eligible for the airdrop.

How to Buy SOS Token

You can buy SOS on A digital asset exchange like is a great choice for individuals looking to start buying cryptocurrency. Make sure to do your own research before buying cryptocurrencies, as they are very volatile assets. You can also buy ETH on any exchange, such as Gemini or Coinbase Global Inc. (NASDAQ: COIN), and swap for SOS token on Uniswap.

  1. Open an online account.

    The first step to purchasing SOS is to open an account with an exchange like Before you begin trading, you will be required to verify your identity. This process involves stating your legal first and last name, selecting the government ID you wish to use, then taking a photo and sending it in. Finally, users must send in a picture of themselves to match the form of identification previously sent. 

  2. Buy a wallet (optional).

    You can choose either a software wallet and hardware wallet for crypto storage. A software wallet is an application on your computer or mobile device; a hardware wallet is a special type of wallet that stores the user’s private keys in a secure hardware device. This process keeps your private key information off your computer and on the external device. 

  3. Make your purchase.

    Once you have created your account, you link a funding method to transfer money. The most common methods are debit or credit cards as well as direct bank transfers. Once you have linked a payment method, you are now able to begin purchasing SOS.

Best Hardware Wallet: Ledger

Ledger is one of the top hardware wallets currently available. The device is primarily an offline hardware wallet that also connects to Bluetooth and USB depending on if you want to use your computer or mobile phone. Ledger also has an app to make it much easier to secure, store and manage your assets.

Best Software Wallet: Metamask

Metamask is a decentralized mobile software wallet, which means that it does not hold your funds so everything is on the blockchain. The best part is that Metamask encrypts personal information and keys. 


Bonus Section:

Those eligible for the airdrop have until June 30, 2022 to claim their tokens. It may be beneficial to wait for Ethereum gas fees to decrease before claiming your SOS tokens.

Trade, Sell or Convert Your SOS

Once you have accumulated SOS, you can trade, sell or convert it. An alternative to selling could be converting SOS to another cryptocurrency through a variety of decentralized exchanges (DEXs). Essentially, instead of selling your position for fiat, you convert your SOS to another crypto and receive the same dollar-value amount of that crypto.

Current Crypto Prices

The crypto market has been losing momentum as the price of BTC continues to fall. Investors are staying optimistic as many think this is not the end of the bull run. Many expect the following weeks will be crucial to determine the future of the crypto market in 2022.

Is SOS a Good Investment?

If you believe in decentralized communities or collect NFTs and want to join the DAO, then SOS may be a great investment for you. If you are looking for a swing trade or wish to make quick gains, then SOS may not be the best option. Keep in mind that if you have spent ETH on OpenSea, it is best to claim SOS to purchase an NFT instead of buying it outright. 

Disclosure: ²Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards. ³Crypto rewards is an optional Coinbase offer. Upon purchase of USDC, you will be automatically opted in to rewards. If you’d like to opt out or learn more about rewards, you can click here. The rewards rate is subject to change and can vary by region. Customers will be able to see the latest applicable rates directly within their accounts

Frequently Asked Questions


What was OpenDAO's all time high?


The all time high of OpenDAO was reached about 8 months ago at $0.00001.

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