RATE Group | Coinbase Returns OmiseGo From 2017 Airdrop, Ethereum Holders Eligible
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Coinbase Returns OmiseGo From 2017 Airdrop, Ethereum Holders Eligible

31 May Coinbase Returns OmiseGo From 2017 Airdrop, Ethereum Holders Eligible

Posted at 06:48h in Cryptocurrency News by

Coinbase is giving away OmiseGo tokens almost three years after the project’s original airdrop.


Key Takeaways

  • Coinbase is running an OmiseGo airdrop for its customers
  • The airdrop delivers funds distributed by OmiseGo in 2017.

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Coinbase gave some of its users free OmiseGo tokens this week, following its decision to list the cryptocurrency on its exchange. This news comes almost three years after OmiseGo carried out its original airdrop, which ran the summer of 2017.

The OmiseGo Airdrop

In July 2017, OmiseGo took a snapshot of all Ethereum addresses. Addresses that held more than 0.1 ETH were eligible for the airdrop. The airdropped tokens were then distributed over September. In total, 5% of the OmiseGo supply was distributed this way, and over 460,000 users received rewards in their Ethereum wallets. Users received 0.075 OMG for every 1 ETH held.

Since Coinbase did not support OMG balances until now, there was no way to give users those funds at the time. As…

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