Lending platform for digital collectibles Arcade will airdrop 3% of the whole provide of ARCD tokens to holders of choose NFT collections.
In a Medium blog, Arcade unveiled its “Conflict of Clans” airdrop initiative, aiming to distribute ARCD tokens amongst 4,000 wallets, every eligible to assert 750 ARCD tokens. On Feb. 19 at 8:00pm UTC, the group will take a snapshot, with token distribution divided into two phases: whitelist and public declare.
Throughout the whitelist part, Arcade plans to “randomly choose” 2,000 wallets on the time of the snapshot, holding NFT collections comparable to Pudgy Penguin, Lil Pudgy, or Sappy Seal. The remaining 2,000 wallets can be chosen primarily based on profitable linkage of Solana or Bitcoin wallets containing NFT collections together with Mad Lads, Tensorians, BTC Puppets, NodeMonkes, or RSIC, additionally on the time of the snapshot.
Whereas particular particulars concerning the random choice course of stay undisclosed, Arcade outlined the timeline for members. The Declare Raffle Whitelist part will permit members to assert tokens on Feb. 21 between 6:00 pm and eight:00 pm UTC, adopted by the launch of the general public declare part on the identical day at 9:00 pm UTC. The general public declare part will stay open “till all remaining spots leftover” from the whitelist part have been claimed, the weblog announcement reads.
Arcade, previously referred to as Pawn.fi, is an NFT platform the place customers can borrow funds in opposition to blue-chip digital collectibles. In December 2021, the platform efficiently secured $15 million in a Collection A funding spherical led by Pantera Capital, with extra investments from Citadel Island Ventures, Franklin Templeton Blockchain Fund, and Golden Tree Asset Administration.