In the digital currency market, SOS currency has always attracted much attention. An important question that people are concerned about is what is the issuance price of SOS currency? Exploring the story behind the issuance price of the SOS currency and the impact of market changes will help to better understand the operating mechanism of this cryptocurrency and potential investment opportunities.

The launch of the OpenDAO project can be said to have triggered an internal struggle within the NFT community, and the purpose of this internal struggle is to revolutionize the OpenSea platform. We are now in the era of Web3.0 development, and this spirit of independence and autonomy is why Web3 opens up new possibilities. Many centralized platforms have not responded to this. SOS coin is the token of the OpenDAO platform. With its unexpected launch, many people are skeptical about the token. Many investors want to know what is the issuance price of this SOS coin? Let the editor of the currency circle bring you an overview of the SOS coin issuance price.

## What is the issuance price of SOS coins?

According to the investigation of the currency circle editor, the issuance price of the SOS coin is US$0.0000002, and the issuance time is December 24, 2021. OpenDAO is a newly established decentralized autonomous organization that recently opened its platform to OpenSea users. The new DAO is said to support OpenSea’s NFT users, as well as NFT creators in general.

OpenDAO’s $SOS token surged over 1,270% following a surprise airdrop just before Christmas, with over 200,000 eligible addresses receiving the tokens. Tokens are encoded and published on the Ethereum mainnet. According to its website, the OpenDAO project is established as “the largest NFT
community's token" to "honor, protect, [and] promote..." the NFT community, especially thanks to OpenSea "because it is promoting NFT
Leadership in Transactions. "

The project itself is neither officially recognized nor affiliated with OpenSea, but all OpenSea companies with a history of active trading on the platform before December 23
Users are all eligible for airdrops. About three days since its sudden launch, the coin’s market capitalization has exceeded $230 million, according to the latest data from CoinMarketCap.

The launch of OpenDAO can be seen as an internal struggle within the NFT community to "revolution" OpenSea itself as a platform. Always needed Winklevoss-twins
Owned platforms create their own tokens, but centralized platforms have yet to respond to this. This spirit of independence and autonomy is why Web3 opens up new possibilities.

## What is the use of SOS coins?

SOS is the token of the NFT community OpenDAO, which can be received by any user who has conducted transactions on OpenSea. As long as users connect their wallets to the OpenSea website to participate, the operation is very simple. The number of airdrops obtained mainly depends on two indicators: the amount spent on OpenSea; the number of transactions on OpenSea.

According to its token distribution instructions, 50% of the tokens will be airdropped to OpenSea users for airdrops, 30% will be deposited into the reserve vault for staking and providing LP rewards, and 20% of the tokens will be allocated to OpenDAO and used for:

1. Use SOS tokens to compensate verified fraud victims on OpenSea;

2. Support emerging artists and their original works;

3. Support NFT community and art protection;

4. Provide funding for developers who contribute to the SOS ecosystem.

The initiator of the OpenDAO project is Twitter user 9x9x9eth. Of course, this project is managed by community members. So far, the size of the OpenDAO community members and management members has grown rapidly. Many NFT users are showing off the SOS tokens they have applied for in the community, which can easily reach hundreds of millions or billions of SOS.

To sum up, this is the answer of the currency circle editor to the question of the issuance price of SOS coins and the introduction to the issuance price of SOS coins. There is also discussion in the community that OpenDAO may be able to launch an NFT trading platform in the future, but the platform will adopt the same method as Uniswap and be sucked by Sushiswap, because the NFT platform cannot be easily migrated through incentives like the DeFi platform. nature, the trading platform requires the accumulation of more core NFT data and underlying infrastructure, which cannot be achieved simply through Fork.