Poseidon DAO is pleased to announce that yesterday, 24/02/2023, it has launched its token, which will go by the acronym PDN and will have initial supply of 1 billion tokens, half of which will be burned following the launch.
It’s official! 🔱$PDN token has been launched and all the airdrops for the artists have been distributed!! 🚀
Token: 0xa0217F966ccDEc4a1EDd83BE5a185FDF370F5FCF pic.twitter.com/R57Q3DS88Y
— Poseidon DAO (@Poseidon_SF) February 24, 2023
Summary
Distribution of the PDN token
As already anticipated, airdrop tokens will be available not only to SuperRare collectible artists who will be the first to receive them, but also to all those who have participated in the various Open Editions that Poseidon DAO has launched in the past few months and will continue to launch, while still reserving a certain percentage of tokens for collectors in the upcoming editions as well.Â
All tokens that will be airdropped will have a vesting period of 6 months.
Poseidon DAO’s Mission
As is evident from the website, Poseidon DAO’s mission is “Making Crypto Art the 21st Century Art,” and the PDN token is an important piece that lends itself well to the purpose.
In fact, token holders will be guaranteed to participate in the Governance of Poseidon DAO through Snapshot even during the vesting period, creating a virtuous mechanism in which artists, collectors, or just plain crypto art lovers can contribute to making the field even more dynamic and relevant by actively participating and making decisions that can create a strong impact.
Finally, we echo Poseidon DAO’s invitation “Together, we can shape the future of NFT collecting and crypto art and create a vibrant and dynamic community of artists and collectors.”
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