Early adopters in the cryptocurrency market have once again been rewarded for their bravery and exploration after the pop Ethereum Proper noun Service protocol, which issues nonfungible tokens that double equally Ethereum addresses and web domains, distributed an airdrop for its new ENS decentralized democratic organization (DAO) token.

The resulting airdrop translated to an instant v-figure payday for many holders and there are those who would accept registered multiple ENS addresses to multiple wallets, meaning some holders are in possession of a six-figure airdrop.

Information technology had been widely expected that an airdrop was in the works for members of the ENS community, peculiarly because the tactic has go more common throughout 2022 and was made pop when Uniswap, a decentralized exchange, surprised users with a retroactive airdrop late in 2022. ENS distributed 25 1000000 tokens to domain holders and currently, the token is trading for $85 on a number of cryptocurrency exchanges.

ENS token distribution chart. Source: ENS

The claims procedure for ENS tokens began at 7 pm on Monday, Nov. 8, and qualified domain holders have until May 4, 2022 to merits their allotted tokens.

The number of tokens each qualified user receives is based on a calculation that takes into account how long an address has held a domain also as the length of the domain registration, with a cut-off of 8 years.

Lower level tiers have received an average of 200 ENS tokens, while the mid-level tier has received 500 ENS and the nigh active participants accept earned 1,000 ENS.

Claiming tokens also requires agile participation from the domain holder, who has to vote on four articles of the ENS governance constitution designed to become the new decentralized autonomous arrangement off to a solid start.

Users must also consul their token voting power before getting access to their tokens and Coinbase has emerged as one of the pinnacle delegates in early voting.

Acme v ENS delegates past votes. Source: Tally

Related: Ethereum Name Service's new token already has a fully diluted cap of $3.1B

ENS price action and total claims

Data from CoinGecko shows that in the brusk time that ENS has been trading, its toll has ranged from a low of $17.63 on Nov. 9 to a high of $84.78 on Nov. x, meaning that the everyman tier airdrop is at present worth roughly $17,000

ENS/USD 1-hour chart. Source: CoinGecko

Co-ordinate to data from Dune Analytics, there are 137,689 addresses that are eligible to claim the airdrop, of which 62,634 have already completed the process and claimed 49.72% of the available supply.

ENS airdrop statistics. Source: Dune Analytics

This airdrop from ENS marks one of the largest token drops of the yr, behind the dYdX airdrop, which gifted the most active users of the decentralized derivatives exchange with a high six-figure payday as the token's value surged following its release.

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