South Korean Blockchain Startup KEOS Prepares for Airdrop; Event Likened to eosDAC Drop in April

Seoul-based startup KEOS is getting ready for its airdrop, which is happening on June 15. In order to be eligible for the drop, token holders had to prove their status that they’re in possession of more than 100 EOS by May 31. If they’re eligible, they’ll be awarded 1 KEOS token for each of the EOS tokens they hold.

KEOS’s total coin supply is 1.5 billion, while tokens slated to be dropped are at 900 million. The rest of the tokens are going to be distributed among the KEOS team and its advisors for providing technical work and assisting overall movement.

This airdrop is rather similar to the one eosDAC conducted back in April, both in number and how it facilitated the event. eosDAC’s overall token count was 1.2 billion and it also allocated 900 million tokens to the community, which numbers 75 percent of the collective amount. The rest was given to the launch team and eosDAC Ltd., receiving 20 percent and 5 percent of the tokens, respectively.

eosDAC’s method of distribution is the same as that of KEOS, with a one-for-one trade for every EOS token a community member holds. KEOS tokens will be delivered to a verified EOS Ethereum wallet or an ERC20-compatible wallet. The drop will commence once the KEOS team irons out the details and concludes necessary tests to make sure the transfer is as smooth as possible.

EOS Go, EOS’s blockchain community, listed KEOS as an eligible candidate for block producer (BP). There are eight criteria required by the blockchain community. They are technical specifications, public presence, Steemit ID, community benefits, scaling plans, BP Roadmap, Telegram + TestNet, and position on dividends.

If the community votes for KEOS, it will be huge for the team and the people supporting their tokens. The project is helmed by blockchain consulting firm KCHAIN and TokenPost, the leading South Korean blockchain publication.