A new type of airdrop has been very popular during the last quarter of 2021 as quickly assembled decentralized autonomous organizations (DAOs) have been distributing lots of value to existing crypto users. Just recently, Opendao gave Opensea users an airdrop and many people accrued thousands of dollars in SOS tokens. Now, another project called Gas DAO is airdropping tokens to any wallet that’s paid more than $1,559 in ether gas fees before December 26.
Gas DAO Airdrops Tokens to users who spent $ 1,559 on Ether Fees before the snapshot
Many projects this year have created airdrops as a way to create a system of governance, and people who have used these protocols at least once are usually rewarded with these parachuted governance tokens. Recently, Bitcoin.com News has reported Shapeshift disbandment in a DAO, and the project has dropped FOX tokens to Shapeshift users. During the first week of November, our press office also covered the Ethereum Name Service (ENS) airdrop when the project moved to a DAO.
Furthermore, this past week, crypto advocates have been discussing the Opendao airdrop as anyone who used Opensea before December 23 was rewarded with SOS tokens. Opendao (SOS) tokens have a market valuation of $167 million today and ENS has a market capitalization of around $885 million. Now a project called Gas DAO is the latest airdrop DAO buzz as the project is rewarding any Web3 wallet user with GAS tokens if they spent $1,559 in ethereum fees before December 26. If the user has not spent $1,559 in ether fees then the application will tell the person they are “ineligible” for the GAS token claim.
On December 29, the Gas DAO team tweeted:
There are over 143 million unique addresses that have transacted on the Ethereum network. Gas DAO was created to be the voice and heart of the 643,000 most active users among those 143 million, to bring together communities spanning challenges, dapps and NFTs.
Crypto Advocates Review the Gas DAO Code and Airdrop Claim Process
Of course, many people have grown concerned about these airdrops and the safety of connecting with the application via a Web3 wallet. The application gains access to a view of the claimant’s address and the transactions processed in order to verify the $1,559 spent in ether fees. Twitter user Technoartoria (@artoriamaster) wrote a review of the Gas DAO contract and Adam Eisenman (@0xdigitaloil) also wrote a summary about “how safe and how fair it is.”
Eisenman pointed out some differences between dropping Gas DAO and dropping SOS. “It should be noted that there is a sweep feature that allows the contract owner (dev) to claim any unclaimed tokens after the claim period ends (May 1, 2022),” Eisenman wrote. “This implies a potential for the developer to end up with the majority of the token supply. Huge red flag. Eisenman’s summary continued:
Structurally and spiritually, this contract is very different from SOS because the dev can end up with the majority of token supply. Unexpected. IMHO, definitely not a move that reflects fairness or inspires a grassroots movement to build upon GAS.
At the time of writing, Gas DAO’s official Twitter page has 22.5,000 followers as well as tens of thousands of token holders to date. Gas DAO celebrated how quickly things were moving via a statement on Twitter on Wednesday. “To say that it’s only been 12 hours and that we already have 20K followers and 26K holders”, the Gas DAO team noted. “We couldn’t have asked for a better start on our journey to becoming the largest and most powerful community on Ethereum. We’re just getting started here.
According to Technoartoria’s review, the “merkle tree claim cannot be manipulated” and the Gas DAO is “100% safe to claim and trade.” Besides the criticisms, Eisenman’s summary also asserts that the claim process is safe. “Now, to get to the part you’ve all been waiting for. Is it safe to claim?” Eisenman’s tweetstorm concludes. “Yes, claim function is straightforward… [It] just verifies merkle proof (to ensure you are entitled to the amount you are trying to claim); and then transfers the tokens to your address.”
