What is ThetaDrop (TDROP)?
TDROP rewards activity on the ThetaDrop NFT Marketplace, provides decentralized governance for ThetaDrop, and rewards stakers with TDROP token rewards. It is a new TNT-20 token built on Theta blockchain, centered around the groundbreaking concept of NFT Liquidity Mining. TDROP tokens are earned by users each time they make a purchase using TFUEL on ThetaDrop (on the secondary market at launch, and on the primary market / initial drops in a coming update), or through a 3rd-party NFT Dapp built on the NFT marketplace smart contract.
How does ThetaDrop work?
It can be thought of as ‘mining’ TDROP by providing liquidity to the Theta NFT Marketplace. This incentivizes early adopters of ThetaDrop to provide liquidity which enhances price discovery, improves trading volumes, and drives more user growth and adoption. ThetaDrop users who hold a balance of TDROP will earn VIP benefits including early or exclusive access to NFTs, limited edition packs, unique offline perks and more. TDROP will also serve as the governance token for ThetaDrop and the NFT Marketplace.
What is ThetaDrop used for?
TDROP holders can stake their tokens to gain voting rights for proposed changes to ThetaDrop. The first TDROP vote proposal is expected to be the earning rate of TDROP for liquidity miners. As the voting process progresses and stabilizes, TDROP holders will be responsible for creating new proposals to be voted on. These community proposals will also serve as the testbed for community governance features to be implemented on the Theta blockchain itself, to be voted on by holders of the Theta token.
Where can you buy ThetaDrop?
ThetaDrop (TDROP) is traded on a wide range of centralized and decentralized exchanges. The most liquid markets for TDROP sit on tier-1 venues - the sort of exchanges where institutional desks and professional market makers rebalance continuously - which is what keeps the spread tight and the last price tied closely to fair value.
You can open the Markets section above to see the live list of exchanges quoting TDROP, sorted by 24-hour volume. Each row links to the venue's trade page so you can go directly from research to execution without copying the ticker around by hand.
