What Problems ETH Users Are Destined To Face With The Launch Of Ethereum 2.0

The cryptocurrency market yet again surprised the community when Early adopters were awarded another five-figure payday as the Ethereum Name Service protocol launches its new governance token to all the domain holders.

On the other hand, the authorities have said that this step is taken to acknowledge the bravery and exploration of early adopters who trusted the cryptocurrency industry in the early stages when risk was too high and criticism was extreme. Ethereum blockchain issues the NFTs and builds blockchain protocols aware all the early adopters.

The distribution of ENS decentralized autonomous organization (DAO) tokens will further strengthen the company’s market goodwill. This airdrop reward turned into an instant five-figure reward for many of the adopters. Those adopters who have registered multiple ENS addresses to multiple crypto wallets can certainly have their reward touching the six-digit figure as well. It had been widely expected that an airdrop was in the works for members of the ENS community, especially because the tactic has become more common throughout 2021.

This reward mechanism especially became popular in the financial year 2021, especially after the second quarter of the financial year 2021. The first cryptocurrency company that initiated such sort of reward program was Uniswap decentralized exchange, The company surprises the users with the hyperactive airdrop benefits by the end of the financial year 2020.

As far as the details of this latest airdrop reward program are concerned, some anonymous resources have claimed that ENS distributed over 25 million tokens among all the current domain holders. As far as the market value of the token is concerned the token is being traded around $85 on a number of exchanges, However, it has been claimed that the price of the token would further go up in near future.

The ENS reward program began around  7 pm on Monday, Nov. 8. However, the qualified domain holders can claim their quota of tokens until May 4, 2022.

However, the number of tokens allocated for each domain holder is decided by the time frame that how long any domain has been registered, with a cut-off of eight years. The lower level tiers will receive an average of 200 ENS tokens. While the mid-level tier received 500 ENS and those who have actively taken part would receive 1,000 ENS. It seems that Coinbase has emerged as one of the top delegates in early voting. For the future, those who would actively part their share would keep increasing.

Dune Analytics the data analysis company carried out its analysis on the ENS services. The results have shown that there are 137,689 addresses that are eligible to claim the airdrop. Moreover, 62,634 have already completed the process.

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