Aspires to become the global DApp store! Curates DappRadar airdrops, token use cases, and future roadmap.

The cryptocurrency data website DappRadar has officially launched its governance token "RADAR" for rewarding platform contributors, purchasing platform services, and governance. The RADAR token was initially launched on Ethereum and will be issued on multiple chains in the future. Its whitepaper was also released today, providing further explanation on the token's future use cases.

Airdrop Eligibility

Upon entering the Airdrop page on the website and logging into your wallet, the system will automatically detect if the user is eligible. Eligible users fall into two categories:

1. 8,697 RADAR Tokens: Users who have registered on DappRadar and have used at least one Ethereum DApp in the past six months.

2. 5,798 RADAR Tokens: Users who have used at least one Ethereum DApp in the past six months and have used at least 10 Ethereum DApps since creating their wallet.

The snapshot will be taken at 07:59:59 am Taiwan time on 10/20. DApps must be based on Ethereum and listed on DappRadar to be considered. Users must meet one of the above two conditions, and if the wallet connection result is as shown in the image below, it means the user is not eligible.

RADAR Token Use Cases

Unlike Apple's App Store, blockchain applications only require smart contracts to integrate wallets and front-end interfaces to run. Most users tend to use social platforms such as Twitter and Discord as sources of information for DApps. Therefore, DappRadar aims to be a reliable platform that aggregates all DApps, allowing users to access all applications through a single interface.

Considering that it took the App Store nearly 15 years to reach its current scale and blockchain lacks a centralized structure like the App Store, DappRadar plans to attract users through tokens to incentivize user participation and integrate all decentralized applications. The token use cases include:

1. Access Rights: DappRadar Pro will be launched in the future, exclusively for RADAR token holders.

2. Staking: Locking RADAR tokens to access liquidity pool data, enjoying low slippage trading, possible token swaps, and earning additional RADAR tokens rewards from specific liquidity pools.

3. Governance: Tokens used for community voting and governance.

4. Internal Payments: Tokens used for paying DappRadar-related services will receive additional discounts.

The official plan is to introduce more features in 2022. In comparison to the recent rise of Play-to-Earn (P2E) games, DappRadar introduces the concept of "Contribute2Earn," aiming to reward users with tokens for active participation, contributions, and curation.

RADAR Token Distribution

According to their whitepaper, the total supply of RADAR tokens is 10 billion, with no deflation mechanism in place. The distribution is as follows:

• Community Fund: 40% (4 billion tokens)
• Initial Token Airdrop: 10% (1 billion tokens)
• Treasury Fund: 24.75% (2.475 billion tokens)
• Team and Investors: 25.25% (2.525 billion tokens)

All tokens will be distributed by December 2025, with the "Team and Investors" portion unlocking starting from December 2022.

According to their roadmap, they have already launched portfolio trackers, NFT valuation calculators, token browsers, and exchange platforms this year. They plan to integrate game project ratings, NFT on-chain browsers, and release a mobile app next year.

The whitepaper emphasizes the "User Contribution and Curation" which also appears in the roadmap, but the mechanism for users to participate, contribute, and earn token incentives is not detailed.

Previously, the official mentioned that RADAR tokens will be issued on multiple chains, so the community fund part should be used for airdrops or rewards on various public chains. Interested users can continue to follow updates.