Airdropped Altcoin Entered the Stock Exchanges by 2x: You Still Have a Chance to Win!

Taiko, which aims to improve the Ethereum blockchain, entered the stock markets by launching its airdrop today.

Global cryptocurrency exchanges Bitget, Bybit and Upbit listed TAIKO token on the stock exchange today at 16.00 Turkey time. TAIKO, which opened at $1.25 on Bybit, rose to $3.03 and gained more than 2 times its value.

What is Taiko?

Taiko is a completely open source protocol based on a set of smart contracts developed on the Ethereum blockchain to scale Ethereum.

Taiko, a decentralized Layer 2 protocol, was founded by Daniel Wang. It uses Zero Knowledge Ethereum Virtual Machine (ZK-EVM) technology to address the scaling issue.

Taiko has raised a total of $37 million from three funding rounds as of March 2024. Investors include Lightspeed Faction, Hashed, Token Bay Capital, Wintermute, and a few others.

Details about airdrop

5% of TAIKO, which has a total supply of 1 billion, was donated for the first phase of the airdrop.

Users who qualify to participate in the airdrop can receive TAIKO tokens starting today. At this stage, tokens will be distributed to Taiko users, developers, GitHub contributors and other community members.

Users must receive their TAIKO between June 5 and July 5, 2024.

Reward program continues

According to Taiko's statement, users who cannot participate in the first phase of the airdrop will be able to win rewards by participating in the Trailblazers program.

“This is for users who participate in blockchain activities on Taiko’s mainnet to earn Experience Points (XP),” it said.

More tokens were donated for the Trailblazers program compared to the airdrop. Within the scope of the program, 10% of the total TAIKO supply will be distributed.