NFT creation and trading platform Ether Cards recently gave away 33 million of its native $DUST tokens to its users as a gesture of gratitude. One of the largest token drops this year gives Ether Card owners the opportunity to claim $10 million in rare CryptoPunks among hundreds of other NFTs.
In addition to the CryptoPunks, Ether Card owners have the ability to exchange their Dust tokens for Meebits, Mike Tyson NFTs, and Ether Cards. Within the first hour of these pools’ release, the entire pool of 30 Meebits were claimed with approximately 1.2 million Dust.
Within the first week, the community has also set up liquidity pools on Uniswap with more than $1.8 million trading volume to date. Currently, just under $900k has been locked into the pool.
Dusting the Competition
Made famous for offering NFTs from Steve Aoki, LaMelo Ball, and Mike Tyson, Ether Card is an NFT platform like none other and is not your average NFT trading platform. While most marketplaces allow creating static non-fungible tokens (think a jpeg file on a blockchain), Ether Cards platform allows attaching real-world utility to the NFTs. . This has led to its rapid rise in popularity in recent months, something that is clearly visible. With NonFungible reporting that the NFT market is only starting to take off, Ether Cards’ own collection of 10,000 dynamic NFTs already has $10 million worth of volume trading on OpenSea, the largest NFT marketplace.
The Ether Cards team initially offered 10,000 Dynamic Membership NFTs to the first round of users who signed up to the platform, and to show its gratitude to the founding members, it has airdropped 33 million of its native $DUST tokens to the loyal members.
While the platform users received the tokens for free, the $DUST airdrop offers more than just that. There are 27 different CryptoPunks NFTs up for grabs on Ether Cards and token recipients can exchange their rewards for the famous non-fungible tokens. CryptoPunks are the most sought after NFTs in the world right now, with a total market value that crosses $1 billion. The 27 rare NFTs offered by Ether Card are worth $10 million in value themselves.
Andras Kristof, Ether Cards Founder and CEO, described the decision of why such a large amount of $DUST tokens were given away for free,
“The Dust token drop and CryptoPunks giveaway are a way for us to give back to our Ether Cards community so that they can enjoy even more benefits as dedicated users of the platform. We’re excited to continue to bring these exclusive opportunities to our own cardholders as well as the wider Ether Card community.“
With the tokens at their disposal, the original users have the option to buy the CryptoPunks NFT or simply encash these. But the tokenomics of $DUST gives different incentives to the people should they hold on:
- Booking early access to premium NFTs prior to public sales.
- Activating rare NFT characteristics.
- Discounted platform service fees to launch NFT Collections
- Additional benefits that unlock over time.
What Makes Ether Cards Unique?
Major NFT platforms and marketplaces are primarily designed to offer a good trading experience for buyers and sellers. The Ether Card team works with artists, public figures, athletes and other prominent partners to enable them to connect with their fan bases using dynamic NFTs that enable 1:1 engagement.
With creators of NFTs that have a significant community behind them, artists, celebrities, sporting stars, and public figures have the perfect opportunity to release their NFTs that will have real-life demand and value. Hardly seven months since its , Ether Cards has shown that this formula is viable. Packed along with this, the 10,000 initial members are offered advanced access to upcoming and partner NFTs, along with different $DUST based incentives.
Carrying a combined 50 years of experience shared between themselves, the Ether Card team is connected deeply within the industry, the team members hailing from different heavy-duty blockchain companies such as the privacy browser Brave, Mike Tyson and the Ethereum Foundation itself.
