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ENS

ENS Airdrop

Team: True Names Ltd / ENS Labs, lead developer Nick Johnson
Category
Infra
Status
Archived
Chain
Ethereum
Difficulty
Unlock
Fully unlockedENS liquid at claim, with a 25% share to 137,000 holders
Funding
$1M
Rating
N/A
Tasks4
No ratings yet

Event Timeline

ENS launch

May 4, 2017

Completed

Snapshot taken

Oct 31, 2021

Completed

ENS Token TGE

Nov 8, 2021

Completed

ENS hits all-time high

Nov 25, 2021

Completed

About ENS

Ethereum Name Service is a protocol that issues non-fungible tokens that can represent Ethereum addresses as well as web domains. It replaces long wallet addresses like 0x7a3f... with simple human-readable names like yourname.eth, making crypto transactions, Web3 profiles, and dApp logins significantly easier for everyday users.

Built by Nick Johnson, a former Google engineer, ENS launched in 2017 as part of the Ethereum Foundation and spun off as an independent organisation in 2018. By the time of the token launch in 2021, over 230,000 unique .eth names had been registered. The November 2021 token launch decentralised governance of the protocol entirely. "ENS is for the people. No investors, decentralized, and the community can now set the key parameters of the protocol. This is the essence of Web3."

Airdrop Stats

Eligible Wallets 137,000+
Min Allocation 200 ENS
Total Distributed 25,000,000 ENS
Value at TGE (~$38) ~$950,000,000
Value at ATH (~$85) ~$2,125,000,000
TGE details for the ENS airdrop: total ENS supply, token price at launch, airdrop value at TGE and the number of eligible wallets
TGE details for the ENS airdrop

50% of total supply (50 million ENS) was distributed to the DAO treasury at launch, with 10% available immediately and the remaining 45 million unlocking linearly over four years. 25% went directly to the community airdrop. The remaining 25% covers contributors. No VC allocation, no investor bucket. One of the most community-first distributions in all of Web3.

ENS token allocation at TGE, breaking down the shares held by treasury, team and advisors, investors and the airdrop itself
ENS token allocation at TGE

How It Worked to Get the ENS Airdrop

Step 1

Register a .eth Name

Any wallet that had registered at least one .eth domain before October 31, 2021 was eligible. Eligibility was based on the total time of past .eth registration held and the total time of future registration, capped at 8 years.
Step 2

Register Early and Long

The earlier you registered and the longer your renewal period, the larger your allocation. A wallet registered in 2017 received far more ENS than one registered in late 2021.
Step 3

Set a Primary Name

Wallets that set their Primary ENS Name received a 2x multiplier on their entire allocation. This doubled tokens for anyone who had taken that extra step.
Step 4

Vote Before Claiming

In order to claim, users had to vote on four articles of the ENS governance constitution and delegate their token voting power before receiving tokens. This was mandatory, not optional.

Was the ENS airdrop worth it?

Yes. The ENS airdrop stands alongside Uniswap as one of the greatest retroactive airdrops in crypto history.

  • The effort required was simply registering a .eth name and using it. Registration fees in the early years were minimal. Long-term users who had held names since 2017 or 2018 received allocations of 500 to 1,000 ENS or more, worth up to $85,000 at the all-time high. Even a minimal allocation of 200 ENS was worth $17,000 at ATH. The governance-first claim process made every recipient an immediate DAO participant, a level of design intention that remains unmatched.

ENS Official Links

Official channels, documentation and community for this airdrop:

This airdrop has concluded. It is kept for research rather than participation.

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