Ethereum Name Service (ENS) is a revolutionary project looking to completely change the way crypto is transacted.Now let us understand what ENS airdrop is and how to be eligible for ENS airdrop. Perhaps the largest barrier to crypto investing and usage is its complexity. It may seem daunting to use crypto when the technology is complex and difficult to understand. By simplifying the transactions process, ENS hopes to make the process easier and more accessible to all blockchain participants.
What is an ENS?
ENS is a domain name service based on Ethereum. ENS is an Ethereum token that governs the Ethereum Name Service, a protocol for human-readable crypto addresses and decentralized domain names and to be eligible for ENS Airdrop, ENS has to be used to propose and vote for changes to the protocol.
If you are looking how to be eligible for ENS airdrop right now, the best place to look is Uniswap. To swap for ENS, you will first need to buy ETH on a centralized exchange, such as eToro, Gemini, Webull or Voyager and send it to a wallet. From there you can connect your wallet to Uniswap and execute the trade.
By using the ENS domain name, you can transfer assets more conveniently. An Ethereum Name Service (ENS) domain is equal to a DNS domain but offers a decentralized and secure way to map your name to your Ethereum wallet address. ENS domains end in .eth and can be bought, sold, and traded on the Ethereum blockchain thus making it eligible for ENS airdrop. Often compared to the current web’s “domain naming system,” which uses “human readable” names for IP addresses, ENS is a functioning, alternate, open-source way for individual users to own their little corners of the web.
How to be eligible for ENS Airdrop you will have to own a .eth domain and you will have the ability to deploy smart contracts that will let you set up your own subdomains to correspond with a Dapp to make it user-friendly. ENS launched on May 4th, 2017 and each domain has to contain at least 7 or more characters.
What is the ENS Token drop?
The $ENS token is an important step in further decentralizing the governance of the ENS protocol. The $ENS token empowers the community members to guide its development, community treasury, and technical framework.At 7pm ET Nov 8, 2021 the ENS governance token $ENS launches and the token claim site opens up to start claiming your tokens. If you owned an ENS domain on or before October 31, 2021 when the snapshot was taken, you are eligible to claim $ENS tokens based on the formula calculated on the history of your wallet address. Here’s what’s included in the formula:
- Age of .ETH address
- Expiry dates (longer registrations get more $ENS)
- Owners who have set their Primary ENS, formerly called the Reverse Record, get a 2x multiplier
How to be eligible for ENS airdrop?
If you own a .eth address and you’re eligible to claim $ENS tokens, follow these steps to claim your $ENS tokens:
- Go to https://claim.ens.domains/
- Connect your wallet
- Select Start Your Claim Process
- Review the ENS info, then click Next
- Constitutional Vote – Help shape the community by voting off-chain on an initial set of guidelines using Snapshot (you may vote for or against the guidelines). Once you have finished voting, submit your votes by confirming with your wallet.
- Choose a delegate – select a community member to represent you, keep in mind you can change who represents you at any time.
- You can choose from a delegate applicant
- You can select a delegate not listed by entering their .eth address
- You can delegate the voting power to yourself by entering your own ENS name
- Review your claim amount and delegate choice, then select Claim. This transaction is onchain so it will require that you pay the gas fee to submit the transaction.
The claim website is open until May 4th, 2022 so you can claim at any point between now and then. If you would like to wait for the gas fees to decrease, you can wait up until May.
While crypto domains are not an entirely new feature, ENS is taking the protocol to the next level. Because Ethereum processes so many transactions, the service is able to be used by a lot more people. However, Ethereum currently has extremely high fees, oftentimes exceeding $150 per transaction. This may be a constraint for Ethereum as it is not the most cost-effective way to transact crypto. If ETH2.0 can lower these fees, ENS may become a household name.