Arcade, a lending platform for digital collectibles, has announced an airdrop of 3% of the total supply of ARCD tokens to holders of select NFT collections. The initiative, called “Clash of Clans,” aims to distribute ARCD tokens among 4,000 wallets, with each eligible to claim 750 ARCD tokens.

On Feb. 19 at 8:00pm UTC, Arcade will take a snapshot for the token distribution, which will be divided into two phases: whitelist and public claim. During the whitelist phase, Arcade plans to randomly select 2,000 wallets holding NFT collections such as Pudgy Penguin, Lil Pudgy, or Sappy Seal. The remaining 2,000 wallets will be chosen based on successful linkage of Solana or Bitcoin wallets containing NFT collections including Mad Lads, Tensorians, BTC Puppets, NodeMonkes, or RSIC.

Arcade has outlined the timeline for participants, with the Claim Raffle Whitelist phase scheduled for Feb. 21 between 6:00 pm and 8:00 pm UTC. The public claim phase will launch on the same day at 9:00 pm UTC and will remain open until all remaining spots from the whitelist phase have been claimed.

Arcade, formerly known as Pawn.fi, is a platform where users can borrow funds against blue-chip digital collectibles. In December 2021, the platform secured $15 million in a Series A funding round led by Pantera Capital, with additional investments from Castle Island Ventures, Franklin Templeton Blockchain Fund, and Golden Tree Asset Management.

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