Decentralised autonomous AI artist, BOTTO, just made waves in the NFT world by airdropping $BOTTO tokens to qualifying wallets. In total, 30 million tokens were distributed to owners of specific blue chip NFTs.
Basically, anyone holding a participating asset between June 22 and July 14 this year, will receive a share of the pool. In order to claim, just head to the app.botto.com website, connect up, and click the “airdrop” button. If successful you will then have access to the tokens. Qualifying assets are as follows:
- Artblocks Curated
- Artblocks Playground + Factory
- Async Art
The airdrop works on a 4-tiered system, where each interaction is assessed. Therefore, the most active members receive the most tokens. All in all, 22,066 community members qualify, and will receive between 646 and 26,666 $BOTTO each. Eligible members have until January 6, 2022 to claim the tokens. Thereafter, the community will vote on what happens to the unclaimed $BOTTO.
The reason for the airdrop is that coins have utility within the BOTTO ecosystem. Votes are earned by staking $BOTTO, and those votes in turn feed the AI learning algorithm. Users vote on their favourite characteristics, the clever BOTTO will then create a masterpiece based around those accumulated votes.
BOTTO will create one masterwork per week, then auction it on NFT marketplace SuperRare. After which, 85% of proceeds will fuel a buy back and burn mechanic, thereby providing liquidity to the BOTTO community.
The first BOTTO original will arrive on SuperRare on October 22.
Full details of the airdrop >> Here
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