What is ENS token?

The ENS TOKEN is an ERC-20 token standard used for token delegation for its DAO and the governance of the ENS protocol’s key components like .eth pricing, the price oracle, etc. Early adopters of the Ethereum name service protocol could claim their ENS tokens through the official website.

What happens if I don't claim the tokens?

If you don't claim the tokens by May 4th, 2022, you will potentially lose access to the airdrop. According to the ENS website, tokens not claimed by this date will be sent back to the ENS DAO treasury. If you don't claim, you will not have any taxable event because you never gained dominion & control over the asset.

Who is eligible for free Ethereum Name Service (ENS) tokens?

Similarly, anyone who had an Ethereum Name Service (ENS) domain as of October 31, 2021, is eligible to receive free $ENS tokens. Specifically, 82,047 of the 137,689 addresses have claimed the airdrop as of November 17, 2021. The specific amount available per address depends on their level and duration of involvement with the project.

What is the en claim process?

In the claim process, you will be encouraged to delegate your voting power to one of the delegates that have nominated themselves to help with ENS governance. If you don’t plan on being an active governance participant, this is a great way to ensure the protocol continues to grow and develop in the right direction.