HomeCryptoAltcoinPoseidon DAO, the latest news on the distribution of the PDN token

Poseidon DAO, the latest news on the distribution of the PDN token

Poseidon DAO, last week released new information when it comes to the release mechanism of the PDN token, which will be launched soon.

Following the successful launch of the first Deploy Collection, Poseidon DAO wanted to reiterate how the token release mechanism works to reward the community that has always supported the project.

Poseidon DAO and the market entry of the PDN token

As already anticipated in Monday’s weekly appointments, the drop mechanism will reward all those who participate in the various editions of the Deploy Collection, not just the one that has already taken place. Specifically, two snapshots will be taken: one that will take into account those who have purchased through the Manifold platform the drop and another later, so as to reward those who purchase on the secondary as well. Additional prizes will be given to those who participate-both in the primary and secondary-in multiple editions of the Deploy Collection.

Interviewed by The Cryptonomist, Poseidon DAO commented about this particular market moment: 

“The whole industry is tested by what happened with FTX and Alameda, and many have had significant economic losses that threaten to drive several people away from the crypto world for quite some time. Yet it is precisely in these dark times that there can be strong, serious projects that over time manage to build something good for the entire ecosystem. Moreover, NFTs seem, at least for now, to be less affected by the market collapse: we remain firmly convinced that it is precisely NFTs that will enable us to emerge from this latest crisis.”