TDROP rewards activity on the ThetaDrop NFT Marketplace, provides decentralized governance for ThetaDrop, and rewards stakers with TDROP token rewards. It is a new TNT-20 token built on Theta blockchain, centered around the groundbreaking concept of NFT Liquidity Mining. TDROP tokens are earned by users each time they make a purchase using TFUEL on ThetaDrop (on the secondary market at launch, and on the primary market / initial drops in a coming update), or through a 3rd-party NFT Dapp built on the NFT marketplace smart contract. It can be thought of as ‘mining’ TDROP by providing liquidity to the Theta NFT Marketplace. This incentivizes early adopters of ThetaDrop to provide liquidity which enhances price discovery, improves trading volumes, and drives more user growth and adoption. ThetaDrop users who hold a balance of TDROP will earn VIP benefits including early or exclusive access to NFTs, limited edition packs, unique offline perks and more.
TDROP will also serve as the governance token for ThetaDrop and the NFT Marketplace. TDROP holders can stake their tokens to gain voting rights for proposed changes to ThetaDrop. The first TDROP vote proposal is expected to be the earning rate of TDROP for liquidity miners. As the voting process progresses and stabilizes, TDROP holders will be responsible for creating new proposals to be voted on. These community proposals will also serve as the testbed for community governance features to be implemented on the Theta blockchain itself, to be voted on by holders of the Theta token.
Will there be a TDROP token sale event?
No, there will not be any token sale event. TDROP can only be earned as part of the genesis airdrop for THETA stakers or by NFT Liquidity Mining on the ThetaDrop marketplace. If you see any offers online for a TDROP sale, be sure to report it to whichever platform you see it on as a scam/phishing attempt.
How will TDROP affect the THETA and TFUEL tokens on Theta blockchain, and how are they related?
TDROP is designed to work together with THETA and TFUEL tokens to incentivize onchain transactions volumes and blockchain security. TDROP will not overlap with or change any of the existing uses of THETA or TFUEL. THETA stakers will receive 20% of the total supply of TDrop simply for continuing to stake and run Theta nodes. Once decentralized NFT storage is implemented, Theta NFTs will be hosted on Elite Edge Nodes allowing node operators to earn 1% of any TFUEL sales of NFTs they are storing.
How to Buy TDROP on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing TDROP. Some reputable platforms include MEXC、KuCoin、BingX, and others.
Step 2: Register an Account
Here, we'll register an account on the KuCoin(registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing TDROP.
Step 5: Purchase TDROP
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of TDROP you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy TDROP.
Step 6: Store Your TDROP
After purchasing, you can choose to store your TDROP in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and TDROP assets, be sure to use a strong password and enable two-factor authentication.
TDROP Price:The price fluctuates daily, you can go to the exchange: KuCoin to check the price.
Recommended Similar Coins: TFUEL、THETA