OpenDAO: A meme that goes crazy under the name DAO

Last week, the cryptocurrency community in 2021 was kicked out by OpenDAO. This Christmas in the western world, cryptocurrency enthusiasts were having fun with SOS airdrops.

On December 24, OpenDAO, an independent organization developed by the "9x9x9" NFT aggregator, announced that it would be dropping SOS tokens to trading users of OpenSea, the world's largest NFT trading platform.

The move was seen as an attack by OpenSea users on the platform's IPO campaign.People have donated a lot of NFT rates to OpenSea, but will OpenSea go for a corporate IPO? Not too blockchain and not too decentralized.

Thus, symbolic airdrops begin with individuals or groups selected as “subjects” and have meaning. In addition to the hot news brought by airdrops and online businesses, there were also topics such as OpenSea attacks, reviews of existing resources and responses to OpenDAO airdrops rules vulnerabilities, and whether Web 3.0 should go down. under the following terms. people.

Is OpenDAO really a decentralized autonomous organization (DAO)? Compared to GameFi's Gold Guild, OpenDAO and SOS are more of a thought-driven meme coin project, you can see the Shiba Inu (SHIB) community screaming for DOGE (DogeCoin).

Until there is a real workflow, design goals, and user and management tools, OpenDAO is not a DAO, preferably a representative of the name DAO. As some KOLs have talked about, businesses that exist as corporations can force users to reconsider the reality of their users, especially in the real, encrypted world. It is part of the value that the company carries.

In today's world, individuals have been privileged in the form of DAOs for specialized companies, and the legitimacy of these practices is also questioned.

OpenDAO strikes back at OpenSea "Consider an IPO"

"Tell VCs you can't have WEB3! Get SOS through opendao. 850,000 people can get SOS. If you are considering creating SOS, please request an airdrop." On December 24, the Twitter name was "9x9x9". “News of the SOS airdrop has spread among users and the tweets are full of protests against venture capitalists.

"9x9x9" is an NFT written by the NFT (Non-homogeneous Token) Club721 community. SOS is the management symbol of the OpenDAO project launched by the author. SOS reported a total of 100,000 billion yuan, of which 50% use U Airdrop.

With free airdrops and complex speech, SOS and OpenDAO have gained popularity across the crypto community. According to the official OpenDAO website, the community would like to thank all of the NFT developers, writers and entrepreneurs for supporting the entire NFT ecosystem. “Special thanks to OpenSea for its leadership in supporting the NFT industry. To pay taxes, I chose the NFT option. Written by OpenSea. Home Airdrop.”

By 2021, the NFT industry will become the most popular internet and crypto industry, and OpenSea is the largest NFT industry in the world. In November of this year alone, 1.1 million businesses and nearly 250,000 users contributed $ 2 billion in monthly product launches. The platform generates over $ 50 million in revenue in 30 days as the platform generates 2.5% of revenue from each transaction.

But why is the platform itself launching airdrops on tokens tied to OpenSea? Indeed, OpenSea did not announce any tokens. What's unsatisfying for users of the cryptocurrency community is that the platform has the potential of an IPO. In fact, the platform has not explicitly stated that it will not provide tokens. The problem is, the OpenSea IPO rumors continued.

OpenSea's new CFO Brian Roberts has a big impact on Lyft's IPO ahead of 2019, so users are predicting he will bring OpenSea to market. And in some interviews, Roberts even raised the possibility of an IPO and felt the business was improving quickly and the IPO was "very useful."

The Crypto community believes that OpenSea will not announce any affected tokens when it is made public. These concerns have led users to averse to the OpenSea IPO, believing that platforms that were once funded by the blockchain and NFT industries will eventually move to the financial services industry. There has always been betrayal from the cryptocurrency community.

Twitter user "Punk_2070" said, "It's terrible" when he heard that OpenSea would sell its shares and go public. He believes it is community, not business capital, that drives OpenSea's success.

Roberts saw a reaction from users and began responding to Twitter on December 7. Reports on OpenSea's IPO plans are "incorrect." “There is a big difference,” he said. “We have no plans for an IPO. If there is, we will consider community involvement.”

Then, with the advent of OpenDAO, it was clear that some OpenSea users could not stand up and only provide SOS on their platform, attracting more traffic.

More than 10 times the maximum SOS recovery rate

According to data from Dune Analytics at 11:40 p.m. on the evening of December 26, the SOS drop share was requested at 75%, and the number of SOS drop recipients was 197,704, which is a big difference between 250,000 OpenC users. . no.

SOS also rose to $ 0.0000113218, with 4 zeros after that number, but more than ten times. On the application of decentralized Uniswap industry, the market volume at one point reached $ 135 million. The popularity of the token was so great that the exchange between Huobi and OKEx began as a backdrop.

What are the OpenDAO SOS issues?

OpenDAO has been evaluated as a renowned trainer, awarded with coins and designed for the biggest airdrop carnival by 2021. What are the future plans according to the DAO (Decentralized Autonomous Organization)?

According to the official website of OpenDAO, the total turnover of SOS is 100,000 billion dollars, of which 50% is used for airdrops, 20% for contracts, 20% for the management of OpenDAO and 10% for income from mining.

Distribution of SOS tokens

While DeFiization on OpenDAO seems to be no exception, it is also the most modern approach to new cryptocurrency operations.

An OpenDAO official also said that SOS 20 trillion allocated to OpenDAO should pay for victims of OpenSea scams, NFT support for artists and professionals, NFT community sponsorship, artwork sponsorship and gifts for participating artists. SOS ecosystem.

It's a bit like adding a special feature to the OpenSea platform. Regarding the features of the OpenSea industry, it is not clear that OpenDAO will replace it.

After OpenDAO also announced the tokens for OpenSea on December 26, “I want to make sure that we get more requests and that we don't join the SOS airdrop. Although the community is a way of improvement, we still charge the tokens (users). “We encourage you to research the contract and the investment before doing so.

OpenSea will publish SOS terms

OpenSea's responses have been subtle, acknowledging community behavior while raising concerns about the safety of illegal contracts.

This claim causes a lot of discrimination among users. Someone threatened, "When you put more emphasis on the Web3 mindset, how do you feel when someone rewards you?" Next year will be the last if you don't give users tokens. ».., choose yourself carefully. Someone said, "If you don't send, I send. When I leave the NFT platform, I will go to their platform and their company, hello! "

Once speculation arises the market tends to go crazy, this is how the cryptocurrency market has been a few times over the past year. An example is the increase in the cost of DOGE by calling the developer of Tesla Musk. Shiba Inu (SHIB) required. this. Killing Dogecoin (DOGE) is further proof.

At least one fact, the history of OpenDAO is unknown, the official Twitter was established in December of this year, in the face of the project, SOS owners should remember and take advantage of the risk and make themselves dangerous in their own way. . .

Some Internet users have also questioned the security of OpenDAO on Twitter. The founder of the NFT community, Llamaverse nftllama.eth, warned me that it's best to research and take risks. He pointed out that OpenDAO had a lot of participants, including "9x9x9", but just didn't listen to the message. Internet celebrity.

In addition, OpenDAO announced the benefits on behalf of launching an OpenSea IPO and want to add the platform to work in future projects.

Beanie, founder of PUNKS Comic, says people search for SOS is “inappropriate,” and Canary Collection co-founder Osf tweeted, “Is SOS legal? I'm not very confident about paying for random airdrop tokens. "he said.

Someone said that "9x9x9" would spend $ 100 million to help build the SOS community, but found out that there was a lot of violence in the community. Some hackers have started sending spam emails with bad links. Discord server of the bot to participate in the drop of the OpenDAO project. Users who click on this link are most at risk of money laundering.