The news of this airdropCrypto is a rapidly expanding space and new ways to distribute tokens are continually being developed. Airdrops are used by… More came to light when Twitter user Jordan Spence (@spencecoin) shared a message that he received from Coinbase. The message explained, since he had stored EthereumBlockchain is a digital ledger that’s used for storing data on several servers across the world in a decentralized, trustless… More in his account in the preliminary distribution and airdrop of OMG, he would be retroactively awarded the tokens.

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.

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.

Do you want to Be In Crypto?
Join our Telegram Trading Group for FREE Trading Signals,
a FREE Trading Course for Beginners and Advanced Traders
and a lot of fun!

Images courtesy of Shutterstock, Trading View and Twitter.

Disclaimer. Read MoreRead Less

As a leading organization in blockchain and fintech news, BeInCrypto always makes every effort to adhere to a strict set of editorial policies and practice the highest level of journalistic standards. That being said, we always encourage and urge readers to conduct their own research in relation to any claims made in this article. This article is intended as news or presented for informational purposes only. The topic of the article and information provided could potentially impact the value of a digital asset or cryptocurrency but is never intended to do so. Likewise, the content of the article and information provided within is not intended to, and does not, present sufficient information for the purposes of making a financial decision or investment. This article is explicitly not intended to be financial advice, is not financial advice, and should not be construed as financial advice. The content and information provided in this article were not prepared by a certified financial professional. All readers should always conduct their own due diligence with a certified financial professional before making any investment decisions. The author of this article may, at the time of its writing, hold any amount of Bitcoin, cryptocurrency, other digital currency, or financial instruments — including but not limited to any that appear in the contents of this article.