In Brief:
- FODL announced a Giveaway of 1 BAYC and 24 BAKC NFTs, worth $1 million.
- Participants can win NFTs by promoting and trading the FODL platform.
- The giveaway will last for around 3 months from 14th Feb to 30th April.
Decentralized trading platform FODL shocked people across the globe by announcing the largest NFT giveaway in history.
To make people aware of FODL’s work in the crypto and NFT space, FODL announced a giveaway of $1 million worth of Bored Ape Yacht Club (BAYC) and Bored Ape Kennel Club (BAKC) NFTs. This giveaway includes 24 BAKC NFTs and only 1 BAYC NFT as a winning prize on the last day.
Anyone who wants to grab this golden opportunity will have to stake 1,000 FODL tokens during the giveaway period and trade within it on the FODL platform during the giveaway. In return, they will earn raffle tickets. The giveaway will be held between Feb 14 to April 30.
FODL welcomed social media influencers to grow its ecosystem using different platforms such as Twitter, Youtube, or TikTok. Also, the FODL team will choose “Boatfilter” from the discord server to reward them with tickets.
Currently, the Bored Ape Yacht Collection is one of the most expensive collections on NFT platforms, with a floor price of around 100 ETH. Bored Apes are popular among celebrities including Paris Hilton, Eminem, Snoop Dogg, and Steph Curry. Paris Hilton has recently revealed his Bored Ape in the live TV channel show.
BAKC is also making its way to become the top NFT collection and currently, its floor price is around 9 ETH.
FODL allows traders to do leverage trades on its platform to reduce risk factors. Traders can borrow crypto through flash loans from Aave or Compound.
