OnChainMonkey NFT Project Launches KARMA Token, Announces Airdrop Rules
OnChainMonkey (OCM) NFT project has introduced the KARMA token as part of its ecosystem expansion efforts.
OnChainMonkey NFT Project Launches KARMA Token, Announces Airdrop Rules
In a disclosure on January 24th, OCM revealed that KARMA has a total supply of 1 billion tokens. Notably, 70% (700 million tokens) will be allocated for community airdrops; 20% will serve as Token Swap Incentives; and the remaining 10% will be held in treasury for ecosystem development.
Curious to learn more about $KARMA and the token distribution and eligibility criteria? The alpha is that the snapshot date has not been set yet!https://t.co/ClVH9BYEIv
— KARMACOIN ✨ (@realkarmacoin) January 24, 2024
Among the 700 million tokens allocated for airdrops, the distribution per NFT holder is as follows:
- Celestial NFT: 1 million KARMA
- Dimensions 300 NFT: 135,000 KARMA
- Genesis NFT: 40,950 KARMA
- Owners of Karma 1 and Karma 2 will receive 4,500 KARMA each
It's important to note that only assets transferred from Ethereum to Bitcoin are eligible for participation in the airdrop. Genesis holders are encouraged to make the transfer before January 24th.
OCM comprises 10,000 Ethereum Profile Picture (PFP) NFTs minted since 2021, listed on OpenSea. Last year, the project gained attention with the launch of its first Bitcoin NFT collection, OCM Dimensions 300. The collection received support from Sora Ventures founder Jason Fang, who spent 4 BTC (worth over $100,000 at the time) to acquire Dimensions 300 #215.
