If you’re looking for a set of practical and insightful crypto market information and data, we have the analytics tools to suit your business needs. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is What is Gas DAO a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Over the last 24 hours, a Gas DAO is worth -14.80% less. Visit our currency converter page to convert GAS prices to currencies other than USD.
One example is the trend of yield farms and “vampire attacks” devolving into “food farms” during the DeFi Summer period of 2020. On Tuesday night, Gas DAO announced the launch of GAS, the project’s governance token, in a series of tweets. If you are new to crypto, use the Crypto.com University and our Help Center to learn how to start buying Bitcoin, Ethereum, and other cryptocurrencies. If you’re eligible, then you will be able to claim free GAS tokens.
Tokenomics data for this coin is currently unavailable. “I get that has the attention span of a gnat, but seriously, in crypto, you vote with your money, if you keep voting for low energy scams, you will keep getting low energy scams,” Cronje wrote. Neither SOS or GAS currently has a working product, and Gas DAO doesn’t have a stated plan for one, either. With no product, no plans for a product and no utility, the freshly minted GAS token’s run may be even more short-lived, however. Following the shooting-star success of SOS, another airdropped token, GAS, is now on offer to Ethereum wallets everywhere.
- Providing liquidity to airdropped tokens is a popular strategy among advanced users, as airdrops often feature high volatility and volumes, and therefore allowing them to harvest a greater amount of trading fees.
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- “I get that has the attention span of a gnat, but seriously, in crypto, you vote with your money, if you keep voting for low energy scams, you will keep getting low energy scams,” Cronje wrote.
- Over the last day, Gas DAO has had 0% transparent volume and has been trading on 14 active markets with its highest volume trading pairs being .
Likewise, prolific DeFi developer Andre Cronje called on users to “stop voting with your attention span” and to instead focus on tokens with working products. This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution.
Gas DAO Token Struggles to Maintain Momentum After Airdrop
The earliest trading data for Gas DAO is on December of 2021 . To check Gas DAO’s price live in the fiat currency of your choice, you can use Crypto.com’s converter feature in the top-right corner of this page. Needs to review the security of your connection before proceeding. Get the latest crypto news, updates, and reports by subscribing to our free newsletter.
In addition to tracking price, volume and market capitalisation, CoinGecko tracks community growth, open-source code development, major events and on-chain metrics. Providing liquidity to airdropped tokens is a popular strategy among advanced users, https://cryptolisting.org/ as airdrops often feature high volatility and volumes, and therefore allowing them to harvest a greater amount of trading fees. Sign up for Valid Points, our weekly newsletter breaking down Ethereum’s evolution and its impact on crypto markets.
GAS Price Today
Gas DAO is airdropping 55% of the total supply to Ethereum users. Users who’ve spent at least $1,559 in gas fees by December 26th, 2021 are eligible to claim the airdrop. Eligible users have until May 1st, 2022 to claim the tokens, else it will be sent to the Gas DAO treasury. CryptoRank provides crowdsourced and professionally curated research, price analysis, and crypto market-moving news to help market players make more informed trading decisions.
As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG. The eligible wallets form a broad union of the most active users in Defi, DApps and NFTs, giving Gas DAO the potential to be one of the most diverse and impactful communities in the history of Web3 — The Potential is Limitless. CoinGecko provides a fundamental analysis of the crypto market.
The token was distributed to nearly 650,000 Ethereum users who had fulfilled certain on-chain parameters, including having spent over $1,559 in gas fees. So far, some 26,000 users have claimed the token, which had a peak market capitalization in excess of $50 million earlier today. It has a circulating supply of 260 Billion GAS coins and a total supply of 1 Trillion. If you are looking to buy or sell Gas DAO, Bybit is currently the most active exchange.
Reddit NFTs: The New Gateway for Newbies
Unlike its spiritual predecessor, SOS, which airdropped its token to NFT marketplace OpenSea users on Christmas day, GAS has failed to enjoy an initial price surge and may already be trapped in a death spiral, however. The Uniswap decentralized exchange pool for GAS/ETH is listed among blockchain analytics firm Nansen’s “hot contracts,” and multiple Ethereum addresses with the “smart money” label are providing liquidity to the pool. Over the last day, Gas DAO has had 0% transparent volume and has been trading on 14 active markets with its highest volume trading pairs being . The Gas DAO price page is just one in Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies.
We are not involved in the published airdrops in any way. Although we try to list only legit projects we can not be responsible for any issues or loss due to scam. However, this latest trend of targeted airdrops stands out both for the absence of an interesting initial idea and for the speed with which it has reached unsustainable absurdity. So far, the token has managed to attract an active market – though not necessarily a healthy one. Because of crypto’s open-source nature and the speed with which new concepts can proliferate, exciting new verticals are often copied and manage to attract investors despite a lack of innovation, ultimately creating sector bubbles.
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