OpenSea is one of the largest non-fungible tokens’ supporters, and everyone who transacted on it before December 23 was awarded a surprise. They had become eligible for a free token called ‘SOS’ based on Ethereum. This Christmas treat was the ambition of a new decentralized and self-sufficient company called ‘OpenDAO.’
OpenDAO is a digital native community that balances the playing field for both the creators and collectors. ‘SOS’ is the native token of the Metaverse. It was created by the community, for the community. This token’s governance gives the users freedom to bring changes through democracy and is essential for every decentralized project.
The eligible users for free tokens can get the number of tokens proportional to the money they had consumed on OpenSea. About 0.2 million people claimed the token the very next day. The price of SOS went like a shot to over 1,000 percent in worth. Most of the Ethereum-based NFT are traded on the OpenSea, and owners prefer the OpenSea. But, there is no authorized assurance from OpenSea of existing incorporated with OpenDAO. So, OpenDAO has worked individually up to now.
OpenDAO (SOS) Fundamental Analysis
The reason behind the development of the OpenDAO project was to commemorate the NFT industry and give respect to the participants who have invested in it. According to the OpenDAO website, their goal is to pay tribute to the NFT community and to project and promote it. OpenSea NFT is working on a fully decentralized marketplace with the community.
OpenDAO’s primary focus is on NFT creators and the OpenSea marketplace that encourages their exchange. For this purpose, the project initiated an enthusiastic token SOS, and their airdrop allocated it to the crypto wallets of the eligible NFT investors on OpenSea.
While the project distributes rewards of SOS tokens to the traders or buyers of NFT on OpenSea, it recently earned tons of engagement from investors. The unclaimed tokens would go back to the DAO treasury based on community voting. And the motive was to strengthen the whole NFT ecosystem. As of mid-January, more than 305 thousand users have claimed their tokens with more than 210 thousand On-chain holders and more than 620 thousand transactions on the OpenDAO network.
All the stakeholders in the community of DAOs have the right to take part in voting sessions that bring new changes and improvements. This system guarantees a democratic technique of governance that enables a regular blockchain user to become a part of all kinds of judgments and determinations. DAO’s governance finds a powerful way in decentralized finance applications that eliminates the existence of a fundamental supervising entity.
Roadmap
Their roadmap comprises seven major components, but there is no deadline mentioned by which they will achieve these points. The first milestone in the roadmap is fair distribution and airdrop of the tokens, with no tokens reserved for the founders or public or private sale. The second goal is to improve DAO governance and build the largest DAO in NFTs. The third is building an ecosystem with developers and marketing grants with the creators.
Their fourth milestone is developing a Mintstarter for more utility for SOS tokens and rewards for holding them. The fifth goal is SOS marketing, which is secret sauce cooking. It would be an extremely competitive experimental platform. The sixth goal is the development of an SOS chain, i.e., EVM. EVM would be a consistent and smooth NFT experience with no gas fee. And the last milestone mentioned is building a bridge or DEX or lending on the SOS chain.
Tokenomics
OpenDAO has a total supply of 100 Trillion tokens, out of which 50% is for airdrop for early Opensea users, who can claim their SOS token on OpenDao. The rewards of every user will be varying based on their trading volume. The remaining 50% of the supply will be distributed into three parts, including staking, DAO, and Liquidity pool incentives. Staking Incentives and OpenDAO Treasury will get 20% each from the supply, and 10% will go to LP Incentives.
That 20% for the SOS tokens dedicated for the OpenDAO treasury will be used to support the rising artists, their unique work, NFT communities, art preservations, and their Developer Grant for contributing to the SOS ecosystem. In addition, OpenDAO will also be assisting the community with 20% of supply by distribution between community, scam victim, emerging creator, developer engagement, and art preservation.
OpenDAO (SOS) Price analysis
Like other assets, the supply and demand of OpenDAO drive the price action. These changes are the effects of real and fundamental events such as OpenDAO halvings, cryptocurrency exchange hacks, regulations, or adoption by companies and governments. The movement of individuals that control large amounts of SOS also influences its price movement.
The current price of OpenDAO is $0.0000027, according to the latest CoinMarketCap ranking, and SOS is currently ranked as 257th in the whole crypto market based on market cap. The circulation supply of OpenDAO is 75 trillion with a market cap of $0.27 billion.
After registering as the next SOS token highlighted on the trending list crypto, it observed a 60% surge in price. Therefore, the development of NFT, the use of OpenSea, and the growing number of SOS tokens will be considered positive indicators from an investment point of view.
Rank: 2512
Crypto Academy OpenDAO (SOS) Price Prediction 2022
| Months. | Minimum Price | Average Price | Maximum Price |
| January 2022 | $0.0000037 | $0.0000038 | $0.00000389 |
| February 2022 | $0.0000038 | $0.0000039 | $0.000004 |
| March 2022 | $0.00000396 | $0.0000042 | $0.0000043 |
| April 2022 | $0.00000423 | $0.0000044 | $0.0000046 |
| May 2022 | $0.0000044 | $0.00000467 | $0.0000047 |
| June 2022 | $0.0000045 | $0.0000046 | $0.0000048 |
| July 2022 | $0.0000048 | $0.00000478 | $0.0000049 |
| August 2022 | $0.00000495 | $0.000005 | $0.0000052 |
| September 2022 | $0.000005 | $0.0000052 | $0.0000053 |
| October 2022 | $0.0000054 | $0.0000056 | $0.0000058 |
| November 2022 | $0.0000058 | $0.0000059 | $0.000006 |
| December 2022 | $0.000006 | $0.00000617 | $0.0000063 |
OpenDAO (SOS) Price Prediction January 2022: The maximum price is likely to reach around $0.00000389, and the average trading price might be around $0.0000038. The minimum LOOKS price can be around $0.0000037 in January.
OpenDAO (SOS) Price Forecast February 2022: We forecast the SOS price to reach a minimum of $0.0000038 and a maximum of $0.0000039. The average price of SOS might be around $0.00000389.
OpenDAO (SOS) Price Prediction March 2022: The average SOS price in March could be around $0.0000042. We predict the SOS price to reach as high as $0.0000043 in March of 2022 and as low as $0.00000396.
OpenDAO (SOS) Price Forecast April 2022: In April of 2022, the SOS price can seemingly reach a maximum of $0.0000046, while the minimum price might be around $0.00000423. As for the average price, SOS could be around $0.0000044.
OpenDAO (SOS) Price Prediction May 2022: In May of 2022, SOS might reach a maximum of $0.0000047 and a minimum of $0.0000044, where $0.00000467 could be the average price.
OpenDAO (SOS) Price Forecast June 2022: The SOS price could be a maximum of around $0.0000048 in June of 2022. The minimum price would be about $0.0000045, and the average cost would be around $0.0000046.
OpenDAO (SOS) Price Prediction July 2022: The minimum price could be around $0.00000478. There might be slightly bearish maximum trends in SOS price in July with a maximum of $0.0000049, while the average price could be around $0.0000048.
OpenDAO (SOS) Price Forecast August 2022: We forecast the SOS price to reach around $0.0000052 in August 2022. The minimum price could be around $0.00000495. As for the average price, SOS might be trading at around $0.000005.
OpenDAO (SOS) Price Prediction September 2022: In September of 2022, SOS seems to continue increasing. The price could go as high as $0.0000053 in September of 2022, while the lowest price of the month might be around $0.000005. Therefore, the average price of SOS in September of 2022 might be around $0.0000052.
OpenDAO (SOS) Price Forecast October 2022: The SOS price could reach a maximum of $0.0000058 in October 2022, and the lowest price of the month for SOS could be around $0.0000054. This makes an average price of $0.0000056 for October.
OpenDAO (SOS) Price Prediction November 2022: In November of 2022, the SOS price could reach a new all-time high, as the highest price could get $0.000006. The minimum price might be around $0.0000058, and the average price could be $0.0000059.
OpenDAO (SOS) Price Prediction December 2022: At the end of the year, the SOS price may reach its highest point in December 2022, at around $0.0000063. Even the lowest price of the year for SOS can be as high as $0.000006, with an average price of about $0.00000617.
OpenDAO (SOS) Price Prediction 2022 Q1
The first quarter of 2022 would be just an onset of OpenDAO price, and it would be trying to complete its NFT developments. Therefore, the growth rate may be stagnant initially, and this span might be ending at a maximum of as high as $0.0000043 in March of 2022 but could be as low as $0.00000396.
OpenDAO (SOS) Price Prediction 2022 Q2
The second quarter of 2022 may see a relatively higher price rise in price through its fair distribution of tokens and its airdrop. It could touch up to the maximum level of $0.0000048 or a minimum of $0.0000045 under unfavorable conditions by the end of the second quarter.
OpenDAO (SOS) Price Prediction 2022 Q3
By improving the DAO governance and building a collaborative ecosystem, SOS might surge to a higher price due to improved functionally. It might end with the high price of OpenDAO up to $0.0000053 or at a minimum price of $0.000005.
OpenDAO (SOS) Price Prediction 2022 Q4
The fourth quarters seem to end with an extraordinary OpenDAO’s success in price as a decentralized autonomous organization and would be trending as emerging crypto. At the end of the year, even the minimum price for SOS can be as high as $0.000006, with an average of around $0.00000617.
Crypto Academy OpenDAO (SOS) Price Prediction 2023, 2024, 2025, 2026
OpenDAO (SOS) Price Prediction 2023
If OpenDAO successfully executes the technical improvements to its network, 2023 would be a good year for its price growth as they are deciding to build an SOS marketing system that can compete with any other existing crypto. Therefore, OpenDAO can anticipate an extreme rise in its price. Its minimum price in 2023 might be $0.0000067. It can touch a maximum of $0.00001 in 2023, with an average of $0.0000075 by the end of that year.
OpenDAO (SOS) Price Prediction 2024
In 2024, SOS could be reasonably stable due to the Bitcoin halving set to occur in that year. As a result, we can expect an extremely bullish market trend once again. SOS could be touching a maximum of around $0.0001, with an average of $0.00009 or a minimum of $0.00008 by the end of the year.
OpenDAO (SOS) Price Prediction 2025
If OpenDAO reaches these high prices with physical and practical improvements and good dealings, the year would be seen as touching the new heights of popularity among investors. They might have introduced an SOS chain called EVM and its development for easy NFT experience and no gas fees. So, the minimum price can be $0.00012 or a maximum price of $0.00015 with an average of $0.00013.
OpenDAO (SOS) Price Prediction 2026
In 2026, after so many profitable occurrences and affiliations with many other big names, OpenDAO might attain the highest price of $0.0005 with an average of $0.00035. Still, under incredibly adverse conditions, its price might be $0.0002.
OpenDAO (SOS) Market Price Prediction
Irrespective of the novelty of this project, experts predict that its price will bloom in the future. Here is what some of the crypto-related websites say about the future price of SOS.
Digital Coin Price
They say that the highest price of OpenDAO in the future may be up to $0.0000162, and the lowest price can be about $0.00000148. An OpenDAO (SOS) price can approximately be up to $0.0000538 in 1 year, nearly one time from the current OpenDAO price. They predicted the price of OpenDAO (SOS) to be 0.00000792 after five years.
PricePredictions.net
They expect the SOS price to reach a maximum level of $0.0000063 at the end of 2022. OpenDAO’s value may continue to expand as shortage enables price rise. The average price of OpenDAO (SOS) by the end of 2022 might reach $0.0000054. Their five-year plan estimated that the coin would easily reach $0.0000236. The lowest possible value can be 0.0000227 in 2026.
OpenDAO has an extraordinary capability to achieve new elevations in terms of price. According to their notable experts and business analysts, OpenDAO can reach a maximum of $0.00016 by 2030.
Coincodex
Their analysis of multiple technical and quantitative indicators for the price of OpenDAO in 2022 implies a bearish trend. They do not consider it to be a good investment in 2022.
CoinArbitrageBot
They predict the price of Opendao to be 0.00000486 by the end of 2022, according to historical price data. At the beginning of 2023, it could be $0.0000053. In two years, the price level of OpenDAO can be $0.000014, and in three years, the lowest OpenDAO price might be $0.000023.
How to Buy OpenDAO (SOS)?
OpenDAO, like many other cryptocurrencies, can only be purchased by exchanging with another cryptocurrency on decentralized exchanges. For buying OpenDAO, you will buy Ethereum (ETH) first and then use Ethereum to buy OpenDAO. You will also need a self-custody wallet.
Step 1: Create an Exchange Account
Initially, You have to make an account on an exchange platform such as Coinbase or Uphold.com for buying Ethereum. We will go with Coinbase. Download the app and sign-up for it. You can have your transaction through a valid ID and proof of address. Verification time can vary from place to place but typically takes some minutes.
Step 2: Make a Coinbase Wallet
You need a self-custody wallet later to shift and store your OpenDAO, so you should make your wallet before it. Coinbase Wallet is also available for this purpose. For setting your wallet up, please choose a username and keep it private. You can send crypto from similar wallets through a username. You will also receive a recovery phrase of 12 random words for accessing your crypto. Please keep the username and recovery phrase secret and do not forget them. Coinbase never asks for your recovery phrase, so it cannot access your wallet.
Step 3: Buy Ethereum
On Coinbase, click on the payment method box and choose a payment method among bank accounts or debit cards. Then, press the front and backward arrows button and select “Buy” from the options. After that, kindly search for Ethereum from the search bar and select it. A purchase screen will appear. Now, plan for Ethereum network fees and transaction fees. Fees vary according to how busy the network is and the complexity and speed of your transaction.
Now write the amount you want to spend in your local currency. The app converts the amount into an Ethereum amount. Tap “Preview buy,” and you’ll see the purchase details. Confirm your purchase. You’ve bought Ethereum.
Step 4: Fund your Coinbase Wallet with ETH
There are two different ways to transfer ETH to your Coinbase Wallet, depending on usage from the mobile app or the Chrome extension.
Sign in to your Coinbase account for the mobile app, tap on the icon with forwarding and backward arrows symbol, and send. Select Ethereum, enter the amount you want to transfer, and tap Continue. Next, tap the QR code in the field and go to the Coinbase Wallet extension. Click on ‘Show Wallet address’ and scan the QR code from the app.
On the Coinbase Wallet extension, sign in to your Coinbase.com account. Click on ‘Show Wallet address’ to copy your wallet address. Then tap on the ‘Send/ Receive button and select Ethereum with the amount you want to transfer. In the ‘To field’ area, paste your Wallet address. Click ‘Continue,’ confirm the transfer details, and click ‘Send now.’
Step 5: Buy OpenDAO
There are separate ways to purchase OpenDAO crypto through Coinbase Wallet on mobile phones and extensions.
Go to PancakeSwap and connect your wallet with the exchange.
Next, select. Input the amount of ETH to be exchanged with OpenDAO. Leave enough money for the transaction fees. Confirm your purchase.
Your SOS tokens will be with you shortly after that.
Frequently Asked Questions (FAQ)
Can OpenDAO hit $1?
OpenDAO may not hit $1 soon, but if it continues to grow the same way now, the worth might be $1 in 2030.
What is the price movement of OpenDAO?
It has been less than three months since the launch of SOS. Still, it holds the 257th position on CoinMarketCap. This indicates that it is growing very adequately in its market capitalization and may have even higher potential to grow with time.
Where can you buy OpenDAO?
OpenDAO coin is currently available on many exchanges and DEXs, which are Uniswap, Sushiswap, CoinW, Coinbase, Huobi, OKEx, and ByBit.
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Takeaways
- The OpenSea inaugurated an enthusiastic token SOS, and their airdrop allocated it to the crypto wallets of the eligible NFT investors on OpenSea.
- The reason behind the OpenDAO project was to commemorate the NFT industry and give respect to the participants who have invested in it.
- According to the OpenDAO website, their goal is to pay tribute and give support to the NFT community.
- OpenDAO may end 2022 with an average of around $0.00000617.
- In five years, OpenDAO might attain the highest price of $0.0005.
- OpenDAO may not hit $1 soon, but if it continues to grow the same way, the value might be $1 in 2030.
- For buying OpenDAO, you have to purchase Ethereum (ETH) first and then use Ethereum to buy OpenDAO.
- You can buy OpenDAO coins from Uniswap, Sushiswap, CoinW, Coinbase, Huobi, OKEx, ByBit, etc.
- Overall, OpenDAO could be a profitable investment.