Airdrops, OpenDAO, and the $SOS Token

<p>Airdrops are giveaways, where a project hands out tokens for free in order to drum up interest in the project, hopefully increasing the user base and/or the price of the token given away.</p> <p>There are risks associated with airdrops though - they offer a great opportunity to scam artists. For example, you may think you're getting a token, but be tricked into signing a transaction that allows a smart contract to siphen off your NFTs and crypto.</p> <p>Here follows the obligatory disclaimer - what follows is not financial advice, so do your own research.</p> <p>In this episode, I look at the recently popular OpenDAO project and it's $SOS token give-away.</p> <p>I spent an hour or so looking through the $SOS contract, and can't see any obvious flaws or malicious code in the contract, but of course the problem with audits or reviews is that they either:</p> <p>a) find a problem which means the contract is not to be trusted, or</p> <p>b) do not find a problem, which means the contract might be fine, or it might contain subtle bugs or scam-enabling code</p> <p>I also talk about the red flags to look for in airdrops, and the risks involved in caving to FOMO.</p> <p>Personally, I'm waiting a couple &nbsp;of months before (or even if) I claim my "free tokens". The deadline is June next year, so what's the hurry?</p> <p>I might as well let other people conduct a more thorough audit.</p>