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Optimism Announces Third Round Of Token Airdrop Worth $26 Million

September 19, 2023
in Crypto Updates
Reading Time: 3 mins read
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Ethereum layer-2 scaling answer Optimism has introduced a brand new airdrop of OP tokens value $26 million to energetic governance members. 

This airdrop tagged Airdrop 3 marks the third spherical and can distribute 19.4 million OP tokens to 31,000 distinctive addresses. The builders intention to spice up engagement on the Optimism community by rewarding customers for collaborating.

Optimism Rewards Lively Customers With Airdrops To Bolster Community Engagement

Optimism had earlier held two rounds of airdrops. The primary spherical, Airdrop 1, began on June 1, 2022, and allotted 200 million Optimism tokens to 250,000 early community adopters and energetic customers. The second spherical, Airdrop 2, distributed over 11 million OP tokens to 307,965 distinctive addresses, rewarding customers and governance members.

The Optimism crew took snapshots of person addresses on January 20, 2023. Based on the announcement, eligible addresses acquired the airdrop tokens immediately on February 9, 2023.

Nonetheless, solely 166 million of the allotted tokens for Airdrop 1 reached the eligible claimant addresses.  Later,  Optimism DOCS revealed that on September 15, the remaining addresses eligible for the unclaimed Airdrop 1 OP tokens lastly acquired them. The above info suggests that every one OP tokens from Airdrop 1 had been duly distributed to the claimant addresses.

Based on blockchain knowledge, about 25% of eligible person addresses didn’t take part within the airdrops for some purpose. Nonetheless, Optimism is set to reward each dedicated person on its community, therefore the third airdrop spherical.

OPUSD price chart
OP’s value at the moment hovers at $1.390 within the every day chart. | Supply: OPUSD value chart from TradingView.com

Releasing 19 Million Tokens To Customers

The third spherical, Airdrop 3, goals to compensate these customers and governance members who missed the preliminary airdrops. Airdrop 3 began on Monday, September 18, at 18:10 UTC and eligible recipients are addresses which have delegated their OP tokens’ voting energy between January 20 and July 20, 2023.

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It bears mentioning that earlier Optimism airdrops had six standards for eligibility. Two standards are for OP Mainnet customers and deal with early adopters and energetic customers. Nonetheless, the remaining 4 standards are for L1 Ethereum and goal positive-sum governance participation and energetic contribution and participation.

Based on info on OP governance DOCS, every class is distinct. Meaning an handle can qualify for a number of airdrops and obtain a sum of tokens accordingly.

Optimism is Ethereum’s second-largest Layer 2 scaling answer by complete locked worth (TVL). Additionally, a Dunes dashboard reveals that Optimism has a TVL of $829.56 million, with over 1.522 million complete customers and 11,909 every day customers. The knowledge means that the OP community has recorded a 2.53% improve in TVL over the previous 24 hours.

Featured picture from Pixabay and chart from TradingView.com

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