Optimism airdrops token amid high demand and drama

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Ethereum layer-2 resolution, Optimism, has airdropped its OP governance token to round 249,000 wallets within the early hours of June 1.

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.

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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.

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.

Since the airdrop went dwell, some Optimism customers mentioned they’d misplaced their eligibility standing regardless that they had been initially eligible.

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.

Posted In: Ethereum, Uncategorized

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