Loading...What is OpenStocks?
OpenStocks is an on-chain platform that lets users buy pre-IPO (private) stocks. The project makes it easy for anyone to invest in pre-IPO companies by tokenizing private equity exposure. All you have to do is make a deposit and mint a token.
The platform runs on USDStock, a token that is backed by pre-IPO equity exposure and is minted 1:1 against USDT deposits. Users can then stake USDStock to get sUSDStock, which is a version of the token that pays interest and has an APY of up to 15%. This connects the dots between DeFi yield mechanics and investing in the private market.
OpenStocks Airdrop Details
At this time, OpenStocks has not confirmed a token or an airdrop. However, the platform has said that a points system is “coming soon.” This usually happens before a token launch and gives early users rewards that they can use later.
Key Parameters:
- Points Program: Coming soon
- Deposit Asset: USDT
- Yield: Up to 15% APY via sUSDStock staking
When tokens are eventually distributed, early depositors on platforms with pending point programs usually receive the largest allocations. The best time to enter is before the points system launches.
How to Participate in the OpenStocks Airdrop
Step 1: Visit the OpenStocks Platform
Go to the OpenStocks app and connect your wallet using the “Connect Wallet” button in the top right corner.
Step 2: Acquire USDT
You’ll need USDT to deposit into OpenStocks. If you don’t have any, purchase USDT from Binance and transfer it to your wallet on Binance Smart Chain (BSC).
Step 3: Deposit USDT and Mint USDStock
Go to the deposit section and type in the amount of USDT you want to put in. USDStock is minted 1:1 — depositing 100 USDT gives you 100 USDStock tokens backed by pre-IPO equity exposure. Approve the transaction in your wallet.
Step 4: Stake USDStock for Yield
Go to the Earn tab on the platform. You can get sUSDStock by staking your USDStock. This earns up to 15% APY. This keeps your money working while you wait for the points program to start.
Frequently Asked Questions
Is the OpenStocks Airdrop Confirmed?
OpenStocks has not yet announced an airdrop or token. The platform has said that a points program is “coming soon,” which could mean that tokens will be given out in the future. Joining now is a way to position yourself for early user rewards.
Do I Need to Invest Real Money to Participate?
Yes, to mint USDStock, OpenStocks needs a USDT deposit. At this point, there are no free social tasks. However, sUSDStock staking lets you earn up to 15% APY on your deposits, so your money isn’t just sitting there.
How Does the USDStock Minting Work?
For every USDT you put in, you get one USDStock. You get one USDStock token for every USDT you deposit. This token is backed by pre-IPO equity exposure. When you stake USDStock, it turns into sUSDStock, which earns interest.
Conclusion
For users interested in exposure to onchain private equity and possible future benefits, OpenStocks provides an early entry opportunity. Depositing USDT, minting USDStock, and staking for sUSDStock positions you ahead of the points program launch while earning yield in the meantime.
You're interested in more projects that do not have any token yet and could potentially airdrop a governance token to early users in the future? Then check out our list of potential retroactive airdrops to not miss out on the next DeFi airdrop!
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n/a
Tokens per Claim
n/a
Max. Participants
Unlimited
