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Pantera Capital-backed NFT lending startup Arcade to airdrop 3m ARCD tokens

Lending platform for digital collectibles Arcade will airdrop 3% of the total supply of ARCD tokens to holders of select NFT collections. In a Medium blog, Arcade unveiled its “Clash of Clans” airdrop initiative, aiming to distribute ARCD tokens among 4,000 wallets, each eligible to claim 750 ARCD tokens. During the whitelist phase, Arcade plans to “randomly select” 2,000 wallets at the time of the snapshot, holding NFT collections such as Pudgy Penguin, Lil Pudgy, or Sappy Seal. Arcade, formerly known as Pawn.fi, is an NFT platform where users can borrow funds against blue-chip digital collectibles.


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