Obol Collective, an infrastructure project known for distributed validator technology, is nearing the launch of its first airdrop, distributing 37.5 million tokens or 7.5% of the total supply to several parties in its ecosystem.
On Tuesday, the airdrop checker for people to see their allocation goes live with claims opening up on Friday, Obol Association CEO Thomas Heremans told Unchained.
The airdrop has three allocations. 40% is earmarked for contribution holders, who have staked and provided capital to Obol, and 30% is dedicated to all the operators that are part of Obol’s decentralized operator ecosystem. The remaining percentage is for solo stakers and Rocket Pool node operators.
“The launch of OBOL Token seeks to decentralize ownership and initiate governance within the Obol Collective. With these moves, Obol is supporting the Ethereum node operator community with additional opportunities while scaling decentralised infrastructure networks,” a press release stated. Read More: Jupiter Announces Details of Its Upcoming Airdrop of $575 Million Worth of JUP Tokens
A DAO From the Start
While Obol community members will receive airdropped tokens, trading won’t be immediately available as token holders who make up Obol’s governing body will decide when to make the token tradable.
“If people think that they might want this token to be listed on exchanges, then the association—that being myself and the rest of the team—will work with exchanges to make sure we can list the token and unlock it for everyone, but that will be up to a governance vote from the collective.” Heremans said.
Decentralizing Ethereum Staking
Distributed validator technology (DVT) aims to help scale Ethereum and make it more resilient by allowing more than one party to operate an Ethereum validator to secure the blockchain network.
“Obol distributed validators (DVs) have significantly reduced Ethereum’s centralization risks, with over 600 mainnet operators running more than 1,000 nodes, collectively securing $700 million worth of Ethereum stake.”
Read More: Chainlink ‘Whale’ With Over 100 Staking Wallets Starts Cashing Out to Binance
Focusing on the U.S.
The rollout of Obol’s token airdrop comes shortly after the inauguration of the first crypto-friendly president Donald Trump. “It’s very important that we build in the USA and it’s very important that crypto projects can now grow and be strong. That’s something that we have been waiting for, regardless of who’s in office,” Myers said to Unchained.
“It’s more about the status quo in the USA being pro-technology and pro-blockchain and that’s now a perfect time for us and many others to enter their next chapter of growth.”
Obol’s token not only enables governance rights over the decentralized validator technology project but also serves as the backbone for upcoming incentive programs.
