Ethereum News

Optimism airdrops token amid high demand and drama

Optimism airdrops token amid high demand and drama


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Ethereum layer-2 solution, Optimism, has airdropped its OP governance token to around 249,000 wallets in the early hours of June 1.

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.

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.

Optimism removed 17k wallets

On May 23, Optimism revealed its decision to remove airdrop farmers from its list. It removed 17,000 Sybil addresses and recovered over 14 million OP…

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