ThetaDrop TDROPPrice $ 0.000544

ThetaDrop is an NFT marketplace reinvented by Theta Network. As ThetaDrop platform continues to add premium brand partners like WPT and Katy Perry, NFT sales and trading volumes have grown substantially month over month. In order to increase the rate of adoption and liquidity of ThetaDrop NFT Marketplace, a new TNT-20 token, TDROP, will be created to incentivize usage through “NFT Liquidity Mining” and serve as the governance token for the ThetaDrop platform. In the future when decentralized storage of NFTs is implemented on the Theta blockchain, Elite Edge Node operators will be rewarded with 1% of the gross sales of NFTs supported by their edge node across both the primary and secondary markets.

TDROP tokens will be earned by users each time they make a primary or secondary purchase using TFUEL on ThetaDrop NFT Marketplace or through a 3rd-party NFT Dapp built on the NFT marketplace smart contract. TDROP will also serve as the governance token for ThetaDrop and the NFT Marketplace. TDROP holders can stake their tokens to gain voting rights for proposed changes to ThetaDrop. Each user’s voting rights for a given proposal will be equal to their share of staked TDROP as a percentage of total TDROP staked.