OpenDAO calls itself the token of the metaverse and aims to become a central asset for the metaverse and Web3, in a similar fashion as stablecoins like USDC. OpenDAO launched its SOS token on Christmas Day 2021 via an airdrop to all users that had bought, sold or traded NFTs on marketplace OpenSea. The declared goal was to create a way to pay tribute to the NFT creators, collectors and marketplaces and nurture the NFT ecosystem.

OpenDAO aims to build utility for its token by allowing users to mint NFTs with SOS, trade NFTs for SOS on permissionless marketplaces and implement it in games and projects as a governance token.

One of the core contributors of OpenDAO is 9x9x9.eth, an anonymous DeFi power user and influencer on Crypto Twitter. He is supported by like-minded contributors, although OpenDAO is organized as a DAO and as such open for anyone to contribute to it.

OpenDAO essentially aims to replace permissioned marketplaces like OpenSea with a digitally native community that is built by users for users, according to the project.

One cornerstone is OpenDAOs mission statement, which promises to support emerging artists and their original work and help NFT communities with implementing their roadmaps. OpenDAO also allocated 20% of its treasury to compensate verified scam victims on OpenSea with SOS, true to its statement of being a grassroots initiative by the web3 community.

The project is currently in the building phase, and utility is strongly centered around the SOS token and staking rewards that it brings.

OpenSAO aspires to build the largest DAO in the Web3 and NFT space and launch an ecosystem that hands out grants to developers and marketers alongside creator curation.

Furthermore, OpenDAO promises the launch of Mintstarter, which will entail more utility for the SOS token and will presumably be a launchpad for newly minted NFTs.

Then there is SOSMarket, which will allegedly be the DAOs answer to OpenSea as a decentralized and permissionless NFT marketplace alternative that allows users to trade their NFTs for SOS.

SOS Chain will be an EVM-compatible NFT trading experience with zero gas fees and is likely to be akin to a layer-two scaling solution like Immutable X. Lastly, SOS promises to build a bridge and a DEX on its SOS chain, thus connecting it with other blockchain and allowing the seamless migration of assets between blockchains.

Check out Ultra (UOS) — a gaming ecosystem and launchpad.

Check out Immutable X (IMX) — an NFT-focused layer-two solution.

Check out our deep dive into OpenDAO.

The total supply of SOS is 100 trillion. It was issued through a fair launch that left no tokens allocated to founders. 50% of the total supply was distributed via airdrop, with 20% being reserved for staking incentives, 20% going to the treasur, and 10% for liquidity pool incentives.

Token holders can stake their airdropped tokens and receive veSOS in return, giving them full voting rights within the DAO. veSOS thus serves as a governance token and auto-compounds until it is unstaked. Staking rewards are released linearly over one year.

SOS was launched as an ERC-20 token on Ethereum. The project is yet to release details on its planned SOSChain and how it will affect the future of its token.

Ethereum is secured by a proof-of-work consensus mechanism that requires miners to mine new Ether. A set of decentralized nodes validates transactions and secures the Ethereum blockchain.

SOS is available on OKEx, Uniswap V2, Huobi Global, BYDFi and Bybit.

OpenDAO is referred to as the token of the metaverse and aims to become a central asset for the metaverse and Web3, similar to stablecoins like USDC. OpenDAO launched its SOS token on Christmas Day 2021 through an airdrop to users who had bought, sold, or traded NFTs on the OpenSea marketplace. The goal was to pay tribute to NFT creators, collectors, and marketplaces and nurture the NFT ecosystem.

OpenDAO aims to provide utility for its token by allowing users to mint NFTs with SOS, trade NFTs for SOS on permissionless marketplaces, and implement it in games and projects as a governance token.

One of the core contributors of OpenDAO is 9x9x9.eth, an anonymous DeFi power user and influencer on Crypto Twitter. He is supported by like-minded contributors, although OpenDAO is organized as a DAO and open for anyone to contribute.

OpenDAO aims to replace permissioned marketplaces like OpenSea with a digitally native community built by users for users. The project's mission statement promises to support emerging artists and their original work, help NFT communities implement their roadmaps, and compensate verified scam victims on OpenSea with SOS. OpenDAO has allocated 20% of its treasury for this purpose, reflecting its grassroots initiative by the web3 community.

The project is currently in the building phase, with utility centered around the SOS token and its staking rewards.

OpenDAO aspires to build the largest DAO in the Web3 and NFT space, offering grants to developers and marketers and focusing on creator curation.

OpenDAO plans to launch Mintstarter, a platform that provides more utility for the SOS token and serves as a launchpad for newly minted NFTs. SOSMarket, the DAO's answer to OpenSea, will be a decentralized and permissionless NFT marketplace alternative that allows users to trade their NFTs for SOS.

SOS Chain will offer an EVM-compatible NFT trading experience with zero gas fees, similar to a layer-two scaling solution like Immutable X. Additionally, SOS aims to build a bridge and a DEX on its SOS Chain to connect with other blockchains and enable seamless asset migration.

The total supply of SOS is 100 trillion. It was issued through a fair launch with no tokens allocated to founders. 50% of the total supply was distributed via airdrop, 20% reserved for staking incentives, 20% allocated to the treasury, and 10% for liquidity pool incentives.

Token holders can stake their airdropped tokens and receive veSOS in return, granting them full voting rights within the DAO. veSOS serves as a governance token and auto-compounds until unstaked. Staking rewards are released linearly over one year.

SOS was initially launched as an ERC-20 token on Ethereum. The project has yet to release details on its planned SOSChain and its impact on the token's future.

Ethereum, the underlying blockchain, is secured by a proof-of-work consensus mechanism that requires miners to mine new Ether. A network of decentralized nodes validates transactions and secures the Ethereum blockchain.

SOS is available for trading on OKEx, Uniswap V2, Huobi Global, BYDFi, and Bybit.