Ethereum Scaling Answer Optimism Airdrops Tokens to 249K Wallets

 Ethereum Scaling Answer Optimism Airdrops Tokens to 249K Wallets

In short

  • Optimism, an Ethereum scaling answer, has launched the airdrop for its OP governance token.
  • Almost 249,000 wallets from early Optimism customers and choose Ethereum customers are eligible to assert tokens.

Optimism, a well-liked layer-2 scaling answer for Ethereum, as we speak launched the anticipated airdrop of its new OP governance token, rewarding early customers of the undertaking and different choose Ethereum customers by sending free tokens to almost 249,000 eligible wallets.

The airdrop was first revealed in April, when Optimism introduced plans to launch a decentralized autonomous group (DAO) alongside the OP token, which holders can use to vote throughout the group. The DAO plans to make use of income from Optimism transaction charges to fund grants designed for “public items,” comparable to open-source software program.

Optimism is providing tokens to wallets that used the community earlier than June 23, 2021, with further tokens provided to repeat customers, those that participated in DAO governance on Ethereum, individuals who have donated to public items funding platform Gitcoin, and others. Future airdrops are deliberate.

Ethereum scaling options allow quicker, cheaper, and extra energy-efficient transactions than are presently doable on Ethereum’s personal mainnet. Within the case of Optimism, the entire transactions carried out on its blockchain platform are rolled up into massive batches after which dedicated to Ethereum’s community by way of a single transaction.

“We’ve NOT formally introduced but, however we’re already experiencing an all-time excessive demand,” the official Optimism account tweeted at 3:10pm ET. “We knew everybody can be excited, however holy cow — y’all simply couldn’t look ahead to #OPSummer.”

Optimism’s airdrop was preceded by tweets from crypto exchanges comparable to OKX and AAX noting that they’ll help the OP token. Whereas the airdrop is already technically underway, many customers have been unable to assert their tokens resulting from immense demand.

Some customers on Twitter have claimed that they had been listed as eligible for the airdrop earlier, however now they’re proven as ineligible. Optimism tweeted that it’s working to spin up further server capability earlier than making an official announcement concerning the airdrop redemption course of.

Optimism’s DAO initiative known as The Optimism Collective, and spans two “homes.” The “Residents’ Home” is concentrated on the aforementioned public items, whereas the “Token Home” will govern issues like software program upgrades, Optimism’s incentive construction, and future software program upgrades.

Kevin Owocki, co-founder of Gitcoin, praised Optimism’s plans to fund public items—akin to Gitcoin’s personal focus—in feedback to Decrypt. He famous Optimism’s lengthy help of Gitcoin forward of together with backers on this airdrop.

“Optimism is broadly recognized for his or her function in serving to scale Ethereum with their L2, however what’s much less recognized is their deep ethos alignment and monetary help for ecosystem public items,” he stated. “Again within the coronary heart of the 2019 bear market, the Optimism workforce gave $100,000 in help for Gitcoin Grants at a time through which nobody else would.”

“In the present day, they’re a big supporter of Retroactive Public Items—a scalable and efficient approach of distributing public items funding to the ecosystem,” Owocki continued. “The general public items ethos is robust with the Optimism workforce and I’m glad to see this prolonged to the DAO.”

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