Airdrop to over 100,000 addresses, DappRadar aims to create a crypto version of a global app store
The project received seed round investment from a fund under Naspers, the largest shareholder of Tencent.Author: Hu Tao
On December 14, the well-known DApp application store DappRadar announced the official issuance of the token RADRA, and allocated 10% of the total supply for an airdrop to Ethereum users, with over 100,000 eligible addresses, making this airdrop one of the most extensive in the crypto industry this year.
Unlike most airdrops, DappRadar's airdrop primarily targets active Ethereum DApp users. Users who have interacted with 10 or more Ethereum mainnet DApps before October 19 and have used at least one in the past six months can claim 5,798 RADAR tokens. This reflects DappRadar's goal of attracting active Ethereum DApp users to its platform, further solidifying its DApp store attributes.
DappRadar was established in February 2018 and is headquartered in Lithuania. Initially, it was mainly used to view data such as DApp transaction volumes and active addresses on public chains like Ethereum and EOS, particularly in the gaming sector. It has since expanded to cover over 9,000 DApps across more than 30 public chains, including BSC, Polygon, and Solana, as well as over 2,000 NFT collections, helping blockchain users query various data about target DApps, DeFi lock-up rankings, and the latest emerging DApps, with over 1 million monthly active users.
In September 2019, the project received seed funding of $2.33 million from Naspers' fund, the largest shareholder of Tencent, as well as from institutions like Blockchain.com Ventures and Angel Invest Berlin.
DappRadar's homepage in February 2018
Today, DappRadar aims to become the DApp store in the crypto world, helping more users discover quality DApps and guiding their decisions. It also aims to assist DApp developers in effectively marketing their products through application markets, advertising, content marketing, airdrops, and more. Additionally, users can connect their wallets on the platform to view their specific portfolios, historical transactions, and conduct token trades.
The issuance of the RADRA token aims to develop its application store into a community-curated platform, where community members can earn RADAR tokens as rewards for their contributions, similar to Contribute2Earn, with 40% of the token share allocated for community incentives.
"In the coming months and years, we envision DappRadar becoming a self-sustaining network. Contributors will ensure we keep up with the latest market developments, covering most DApps. Meanwhile, curators will ensure that all content and contributions on DappRadar are valid and adhere to community guidelines."
"To create a self-sustaining network and reward curators and contributors, revenue is also needed, which is where premium features and advertisers come into play. Contributors and curators will have the opportunity to earn in an environment where we envision thousands of people making a living by becoming part of the DappRadar ecosystem," DappRadar stated.
In addition to rewards, the RADRA token also has applications for participating in governance voting, payment options for platform commercial services, LP staking rewards, and access to exclusive content. Users holding over 5,000 RADRA tokens or providing corresponding liquidity on Sushiswap can unlock DappRadar PRO, gaining exclusive access to certain analyses, data, features, content, and reports.
As one of the earliest DApp data aggregation and analysis platforms in the crypto industry, DappRadar reflects the rapid development and professionalization of this market, and its upcoming community transformation is also worth looking forward to.
