đ Ethereum Layer 2 scaling solution, Taiko (TAIKO), has successfully deployed its protocol on the Ethereum mainnet! Users can now transfer ETH to Taiko via its official bridge, with 15-minute quotas for bridging back to Ethereum set to increase and eventually disappear.
đ Taiko's deployment allows users to engage with dApps by exchanging, borrowing, or staking ETH, with more projects on the horizon. Developers are also encouraged to operate a node or propose and prove blocks within the network, ensuring its vitality and security.
đ Taiko has also launched an allocation checker for the upcoming TAIKO token distribution, which could potentially boost users' TAIKO allocation.
đ§ Taiko operates as a based rollup, leveraging Ethereum block validators to sequence transactions, and plans to introduce its native token, TAIKO, in the coming weeks.
đ To foster community engagement, Taiko plans to roll out a points incentive program known as Trailblazers, and recently announced a genesis airdrop, planning to distribute 5% of its total token supply to community members.
Excited about Taiko's deployment? Share your thoughts in the comments! đŹđ