Ethereum Layer 2 network Taiko announced the "Genesis Airdrop" plan before the mainnet launch on Thursday (23rd). The total supply of its native token TKO is 1 billion, of which 5% will be distributed to community members. . Users can already check air investment eligibility on Taiko’s official webpage.
According to the announcement, the creation airdrop application will be conducted on Taiko mainnet L2, and the date has not yet been announced. Users eligible to receive the first airdrop of tokens include: community members who have interacted with the Taiko testnet (including Galxe event participants), block proposers and provers, contributors to specific GitHub repositories, and eligible Loopring protocols Community members, as well as Ethereum ICO participants who have traded on the mainnet during a specific period.
48.5% of the total TKO supply will be distributed to major stakeholders, including the development team Taiko Labs and the core team (20%), the Taiko Foundation Reserve (16.88%), and investors (11.62%). In addition, 20% of the total amount will be allocated to the DAO treasury, and the team has also set aside 5% for grants and RetroPGF, another 5% for liquidity and market creation, and 10% for the Trailblazer airdrop.
Source: Taiko
Taiko’s mainnet is expected to go live in the near future, and the project has been under extensive development on six testnets over the past few years. The network will operate as the Ethereum equivalent of ZK-EVM (Type-1), ensuring compatibility with the Ethereum mainnet.
Daniel Wang, co-founder and CEO of Taiko Labs, said on the X platform this afternoon that the team will not disclose detailed TKO genesis airdrop rules to avoid "unnecessary debates." He went on to say:
"Our goal is fairness, but we can't satisfy everyone. Congratulations to those who got a TKO and apologies to those who didn't."
To avoid unnecessary debates, we will not disclose detailed TKO genesis airdrop rules. Our goal is fairness, but we can't satisfy everyone. Congratulations to those who received TKO, and apologies to those who did not. https://t.co/OgJWW6Y74P
— danielwang.eth (@daniel_taikoxyz) May 23, 2024
Taiko Labs has raised US$37 million in three rounds of financing, including the first round of financing (a US$10 million seed round) completed in 2022 led by Sequoia China, a US$10 million seed round completed in 2023 by Generative Ventures led the $12 million Pre-Series A round of financing, and the $15 million Series A round completed in March this year.
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This article L2 Network Taiko announced the TKO token airdrop before the launch of the mainnet, and has opened the inquiry for application qualifications. It first appeared on Zombit.
