DappRadar, a company that provides data for Dapp analysis, has announced the launch of its own coin, RADAR. After unveiling major utilities and features during an event in the Somnium Space metaverse, the platform finally released its native token. It’s critical to note that the platform has verified that the token will not be made available in advance and will be distributed in its whole to the community.
Huobi Global is reportedly scheduled to list RADAR (Dappradar) in the Pioneer Zone on December 15, 2021. Here are the details of the event:
- RADAR deposits will open at 22:00 (UTC) on Dec 14.
- The RADAR spot trading (RADAR/USDT) will begin when the deposit volume meets the demand of market trading, which the community will announce in advance.
- RADAR withdrawals will open at 10:00 (UTC) on Dec 16.
Note the following;
Huobi Global will limit the price of RADAR Limit Orders to no more than five times the opening price for the first 5 minutes after trading begins. After the 5-minute opening price limitation, normal trading will resume.
To avoid slippage, any new Market orders submitted for buying or selling will be canceled automatically if there are no orders on the order book within 90 per cent to 110 per cent of the list price. When trading newly-listed tokens, make sure you’ve done your due diligence in terms of risk assessment, as they’re prone to high price volatility.
Users from banned countries or areas are permanently barred from depositing and trading in the Pioneer Zone due to local compliance restrictions. Before depositing or trading, other users must complete the ID verification process.
According to DappRadar, “RADAR, the native token of our ecosystem, represents an opportunity to directly contribute to the future of DappRadar. Together with you, we want to bring Web3 adoption & decentralization to new heights. Contributors, curators, and creators earn RADAR for their support in growing the World’s Dapp Store.”
DappRadar Launches the RADAR Airdrop for Ethereum users on the site
RADAR will distribute 1 billion tokens, or 10% of the total supply, to long-time RADAR and dApp customers — whether or not they utilize DappRadar. In addition, if the shareholders and team share the shares within four years after the first airdrop, 40% of the offer will be gradually allocated to the community.
According to Skirmantas Januškas, co-founder and CEO of DappRadar, “With over a million active users and thousands of dApps listed, RADAR has grown to a really massive size. We decided to reward long-time dApp users with RADAR tokens. We must reward the community fairly. We didn’t use this as an opportunity to raise funds, so RADAR tokens are not open to everyone for pre-sale. ”
Conditions for the Airdrop
Wallets that register for RADAR and use at least 1 ETH within 6 months: 8,697 RADAR.
Wallets with> 10 ETH full-time: 5,798 RADAR.
Snapshot: October 19th.