The decentralized NFT lending market Arcade.xyz has launched AracdeDAO and the governance token ARCD, and the airdrop claim page is now live

ChainCatcher news, the decentralized NFT lending market Arcade.xyz has launched AracdeDAO and the governance token ARCD. The protocol and governance module will be managed by token holders, and ARCD will serve as a tool for voting on proposals and influencing the direction of the ArcadeDAO ecosystem.

Currently, the airdrop claim page for ARCD has gone live, with snapshots and airdrops for over 6000 wallets composed of early adopters and community members. Additionally, the ARCD token will initially be non-transferable and will require governance proposal approval for transfer. Future ARCD airdrop allocations will be referred to as Levels, with details for Level 1 to be announced on October 26.