Ethereum Name Service Tokens Soar After $500M+ Airdrop

Posted on by American Coins & Gold

Ethereum Name Service Tokens Soar After 0M+ Airdrop
One of the most popular apps on Ethereum is enjoying a surge in price for its decentralized autonomous organization (DAO) governance token following a widely lauded airdrop.Ethereum Name Service, a protocol that issues non-fungible tokens (NFT) that can represent Ethereum addresses as well as web domains, launched an airdrop portal for its newly issued ENS token last night. Airdrops are a token distribution method that awards a portion of circulating tokens to Ethereum addresses that fulfill certain parameters, such as having purchased an NFT.ENS NFT holders are currently eligible to claim tokens, with many users reporting allocations worth upwards of…