Pantera Capital-backed NFT lending startup Arcade is set to make waves with its latest initiative: a massive airdrop of 3 million ARCD tokens. Targeting holders of select NFT collections, Arcade's "Clash of Clans" airdrop will distribute 3% of the total ARCD supply across 4,000 wallets, each eligible to claim 750 tokens. The snapshot for eligibility will be taken on February 19 at 8:00 PM UTC, with the distribution split into a whitelist phase and a public claim phase. This move marks another significant step for Arcade, formerly known as Pawn.fi, as it continues to innovate in the NFT lending space.

The Clash of Clans Airdrop Initiative

In a detailed Medium blog post, Arcade unveiled its "Clash of Clans" airdrop initiative, aiming to distribute ARCD tokens among 4,000 wallets. Each wallet will be eligible to claim 750 ARCD tokens. The snapshot to determine eligibility will be taken on February 19 at 8:00 PM UTC. The token distribution will be divided into two phases: a whitelist phase and a public claim phase.

Security Reminder

Arcade has issued a security reminder to all participants: Beware of impersonator accounts and DO NOT click on links that appear to be from @Arcade_xyz before cross-checking the announcements and links with their official Discord channel.

"Security Reminder. Beware of impersonator accounts & DO NOT click on links that appear to be from @Arcade_xyz before cross-checking the announcements & links with our Discord." — Arcade (@Arcade_xyz) February 18, 2024

Whitelist Phase Details

During the whitelist phase, Arcade plans to "randomly select" 2,000 wallets at the time of the snapshot. These wallets must hold NFT collections such as Pudgy Penguin, Lil Pudgy, or Sappy Seal. The remaining 2,000 wallets will be chosen based on the successful linkage of Solana or Bitcoin wallets containing NFT collections, including Mad Lads, Tensorians, BTC Puppets, NodeMonkes, or RSIC, also at the time of the snapshot.

Random Selection Process

While specific details regarding the random selection process remain undisclosed, Arcade has outlined the timeline for participants. The Claim Raffle Whitelist phase will allow participants to claim tokens on February 21 between 6:00 PM and 8:00 PM UTC. This will be followed by the launch of the public claim phase on the same day at 9:00 PM UTC. The public claim phase will remain open "until all remaining spots leftover" from the whitelist phase have been claimed, according to the blog announcement.

Public Claim Phase

The public claim phase will commence immediately after the whitelist phase concludes. This phase will start on February 21 at 9:00 PM UTC and will remain open until all remaining spots from the whitelist phase have been claimed. This ensures that any unclaimed tokens from the whitelist phase are made available to the broader community.

Arcade's Journey and Funding

Arcade, formerly known as Pawn.fi, is an innovative NFT platform where users can borrow funds against blue-chip digital collectibles. In December 2021, the platform successfully secured $15 million in a Series A funding round led by Pantera Capital. Additional investments came from Castle Island Ventures, Franklin Templeton Blockchain Fund, and Golden Tree Asset Management.

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The Future of NFT Lending

Arcade's latest initiative is a testament to its commitment to pushing the boundaries of what's possible in the NFT lending space. By leveraging blockchain technology and digital collectibles, Arcade is creating new opportunities for NFT holders to unlock liquidity and maximize the value of their assets.

Why This Matters

The "Clash of Clans" airdrop is not just a token distribution event; it's a strategic move to engage the community and reward loyal NFT holders. By targeting specific NFT collections, Arcade is fostering a sense of exclusivity and community among its users. This approach not only incentivizes participation but also strengthens the overall ecosystem.

How to Participate

To participate in the "Clash of Clans" airdrop, NFT holders need to ensure their wallets are eligible by holding the specified NFT collections. The snapshot for eligibility will be taken on February 19 at 8:00 PM UTC. Participants should also be aware of the security reminders issued by Arcade to avoid falling victim to impersonator accounts.

Key Dates to Remember

• Snapshot Date: February 19 at 8:00 PM UTC
• Whitelist Claim Phase: February 21 between 6:00 PM and 8:00 PM UTC
• Public Claim Phase: February 21 at 9:00 PM UTC

Conclusion

Arcade's "Clash of Clans" airdrop is a significant event in the NFT lending space, offering a unique opportunity for NFT holders to claim ARCD tokens. With the support of Pantera Capital and other prominent investors, Arcade is well-positioned to continue its growth and innovation in the blockchain and NFT sectors. As the platform evolves, it will be exciting to see how Arcade leverages its technology to create new value for its users and the broader NFT community.

Stay Updated

For the latest updates and announcements, follow Arcade on their official social media channels and join their Discord community. This will ensure you receive timely information and can participate in future initiatives and events.

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