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Coinbase to Retroactively Airdrop OmiseGo Tokens to Ethereum Holders

1 min
Updated by Kyle Baird
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In Brief

  • Coinbase is making up for a lost airdrop by rewarding its customers with a past OMG airdrop.
  • Long-term Ethereum holders on Coinbase will receive the OmiseGo airdrop.
  • The original airdrop took place three years ago.
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Coinbase is about to airdrop OmiseGo tokens to its customers that have stored Ethereum in their wallets for the last three years.
The news of this airdrop came to light when Twitter user Jordan Spence (@spencecoin) shared a message that he received from Coinbase. The message explained, since he had stored Ethereum in his account in the preliminary distribution and airdrop of OMG, he would be retroactively awarded the tokens. Image Back in July 2017, OmiseGo snapshotted all the Ethereum addresses that held more than 0.1 ETH which qualified them for the airdrop. The tokens were dispersed in September of that year, however, at that point in time OmiseGo was not listed on Coinbase, so users weren’t able to collect. Now that Coinbase has officially listed OmiseGo (OMG), Coinbase will deliver the overdue funds to the saved Ethereum addresses. In fact, OmiseGo is about to airdrop almost 5% of its total supply. Coinbase Altcoins Around 460,000 Coinbase customers will receive the overdue airdrop in their accounts and users will get approximately 0.075 OmiseGo tokens for every ETH they are holding. Earlier this month, on May 18, Coinbase opened the doors for OMG to institutional traders via its professional division, Coinbase Pro. Roughly three days later, retail clients attained access to the asset. The move proved bullish for ETH as its price soared by a mountainous 25% following the news.
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Rida Fatima
Rida is a Tech freelancer and She’s a technology and cryptocurrency geek but also writes intuitive articles on other topics. Rida's motto is ‘‘Research Deeply, Test Thoroughly, and Write Simply.
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