Ethereum layer-2 resolution, Optimism, has airdropped its OP governance token to round 249,000 wallets within the early hours of June 1.
Sup sleuths—as you may need guessed, OP Drop #1 launches right now. We have NOT formally introduced but, however we’re already experiencing an all-time excessive demand. We knew everybody can be excited, however holy cow—y’all simply couldn’t look ahead to #OPSummer.
— Optimism (✨🔴_🔴✨) (@optimismPBC) May 31, 2022
According to Optimism’s airdrop white paper, its first tranche of airdrops will probably be for customers who’ve been “instrumental as early adopters and active users of projects in the Optimism ecosystem.” The white paper recognized 248,699 addresses which are eligible for the airdrop on this class.
(4/28): We’ve up to date the eligibility desk on this thread for readability.
Full eligibility standards can be found at: https://t.co/S7BXfgTdKr
— Optimism (✨🔴_🔴✨) (@optimismPBC) April 28, 2022
Optimism will probably be distributing 5% of its tokens on this first airdrop, whereas 14% will probably be left for future airdrops. The remainder of the tokens will probably be used for ecosystem funds, non-public buyers, public items funding, and core contributors.
Optimism is a layer-2 scaling resolution on Ethereum that goals to enhance transaction speeds and cut back prices by combining a number of transactions into one bundle. It then sends this by means of Ethereum as a single transaction.
Layer-2 options like Optimism have develop into fairly frequent on Ethereum as they permit builders to benefit from the safety of Ethereum and keep away from the fixed problems with community congestion and excessive transaction charges.
Optimism eliminated 17k wallets
On May 23, Optimism revealed its choice to take away airdrop farmers from its record. It eliminated 17,000 Sybil addresses and recovered over 14 million OP tokens that it intends to redistribute among the many userbase.
Optimism is for the folks, not the sybils.
We’ve been rigorously analyzing OP Airdrop #1 for sybil attackers that slipped by means of the cracks. We’re completely happy to announce that we’ve eliminated an extra 17k sybil addresses and recovered over 14 million OP. Bye bye sybils! pic.twitter.com/XfWTcOFXEa
— Optimism (✨🔴_🔴✨) (@optimismPBC) May 23, 2022
Airdrop farming, or Sybil assault, is a course of the place a person tries to get airdrops on a number of wallets. Sybil assaults are fairly frequent within the trade, though they’re frowned upon by many.
Before the airdrop grew to become accessible, some customers had claimed they’d been instantly interacting with the good contract. The moderator in Optimism Discord Server mentioned the staff was testing the airdrop performance.
optimism staff simply testing in prod and a few fortunate folks promoting their tokens forward of us with the ability to promote?
— Sisyphus (@0xSisyphus) May 31, 2022
Since the airdrop went dwell, some Optimism customers mentioned they’d misplaced their eligibility standing regardless that they had been initially eligible.
I used to be eligible for airdrop attempting to assert and all of a sudden its exhibiting now i’m not eligible
— john lewis (@johnlewis381987) May 31, 2022
The OP token is presently buying and selling for $1.78 on CoinGecko. After launching at $1.49, its worth went as excessive as $2.10 earlier than dropping to its present worth.