Ethereum layer-2 solution, Optimism, has airdropped its OP governance token to around 249,000 wallets in the early hours of June 1.
Sup sleuths—as you might have guessed, OP Drop #1 launches today. We have NOT officially announced yet, but we’re already experiencing an all-time high demand. We knew everyone would be excited, but holy cow—y’all just couldn’t wait for #OPSummer.
— Optimism (✨🔴_🔴✨) (@optimismPBC) May 31, 2022
According to Optimism’s airdrop white paper, its first tranche of airdrops will be for users who have been “instrumental as early adopters and active users of projects in the Optimism ecosystem.” The white paper identified 248,699 addresses that are eligible for the airdrop in this category.
(4/28): We’ve updated the eligibility table in this thread for clarity.
Full eligibility criteria are available at: https://t.co/S7BXfgTdKr
The best way to see you if you qualify for Airdrop #1 is to use the address checker:https://t.co/LOyiLEqnVz pic.twitter.com/1BE3tpmNKW
— Optimism (✨🔴_🔴✨) (@optimismPBC) April 28, 2022
Optimism will be distributing 5% of its tokens in this first airdrop, while 14% will be left for future airdrops. The rest of the tokens will be used for ecosystem funds, private investors, public goods funding, and core contributors.
Optimism is a layer-2 scaling solution on Ethereum that aims to improve transaction speeds and reduce costs by combining several transactions into one bundle. It then sends this through Ethereum as a single transaction.
Layer-2 solutions like Optimism have become quite common on Ethereum as they allow developers to enjoy the security of Ethereum and avoid the constant issues of network congestion and high transaction fees.
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