This article was first published on SingularDTV - Medium
Yes, there’s a lot of tokens, but as we detail below, each has its own specific function and role
In the second of SingularDTV’s June airdrops, SNGJ tokens will be airdropped to SNGLS holders.
We will take a snapshot of all SNGLS holders on June 8 at block 10,226,000. Anyone who is holding SNGLS at that block will be eligible to receive SNGJ. Each address holding SNGLS during the snapshot will receive a 15% airdrop of SNGJ tokens. This means that if you have 1,000 SNGLS in your wallet at the time of the snapshot, you will receive 150 SNGJ in the airdrop. We do not anticipate that ANY centralized exchanges will support the airdrop. This means that in order to participate, you will need to move your SNGLS tokens off the exchange and into an Ethereum wallet to which you control the private keys before block 10,226,000.
While any wallet that supports all ERC-20 tokens should work, here’s a list of wallets you might consider using:
SNGJ tokens will be airdropped on June 12 to all the snapshot addresses.
SNGLS = utility token to pay for access and use of the SNGLS Media Distribution Protocol
SGT = governance token to participate in the snglsDAO to manage the SNGLS Media Distribution Protocol
SNGJ = utility payment token used to pay for content and creator subscriptions on the Singular J platform
What’s with all the airdrops?
The series of airdrops is intended to highlight the various projects in and around the SingularDTV ecosystem, an ecosystem that breaks down big concepts like a “decentralized entertainment industry” into its component parts.
We thought it might be helpful to review all those parts and each of their associated tokens.
The SNGLS Media Distribution Protocol
Occasionally referred to in shorthand as “the Protocol” or “the ...
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SingularDTV - Medium