Taiko (TKO), the Ethereum Layer 2 network rollup project finally rolled out its genesis airdrop plan for the Ethereum (ETH) contributors. Individuals are eligible to claim the TKO tokens within the one-month window and eligible users will get 5% of the total token supply.
Taiko Genesis Airdrop on the Way
The ETH supporters’ and contributors’ wait for the Genesis airdrop has finally ended as Taiko unveils its airdrop plan on May 23. The Layer 2 network announced the airdrop plan on X followed by the eligibility criteria and reward system.
The market was bullish at the time of writing, with ETH at $3,933.62, after a surge of 6.21% in a day with a market cap of $472,158,255,574.
Dear community,
— Taiko (@taikoxyz) May 22, 2024
The moment that you've been waiting for has arrived: The Taiko token airdrop is here!
Check your airdrop eligibility: https://t.co/rI3yTSxvxf.
1/ pic.twitter.com/RcAJo7abVm
According to the post, individuals eligible for the airdrop will receive 5% of the total token supply and can check their eligibility May 22 onwards. Users have over 7 days to check eligibility and make claims.
Moreover, the claim window would be open for 1 month. However, the window hasn’t opened yet.
How to Unlock Community Incentives
Individuals supporting and contributing to ETH’s growth will be prioritized for the upcoming airdrop.
“Individuals who are Taiko proposers, provers, developers, GitHub contributors, bridger, or a community member are eligible,” the tweet added.
Users’ activities will be weighted and offered with associated scores, individuals holding at least the minimum score will fit the eligibility criteria. Once done, individuals can claim the tokens within 1 month once the claim window opens.
Moreover, the Taiko team requested the community to be aware of the scams and use the official website for claims and eligibility checks.
In April, Taiko launched its Hekla testnet with EIP-4844 which doesn’t require a Layer 1 node to run a Taiko Layer 1 node. The network also adjusted the Layer 2 block gas issuance to 60 Million gas per 12 seconds.
TKO Token Allocation
The Zero Knowledge Execution Environment (Type 1 ZK-EVM) project uses zero-knowledge proofs to offer secure and private transactions. Its native token, TKO has a total supply of 1 Billion with an effective allocation system.
TKO Total Token Supply I Source: Taiko
11.62% of the tokens are reserved for Investors and 20% is secured for the core team. 16.88% of the tokens will be distributed to the Taiko Foundation reserve and over 22% will be allotted to the Decentralized Autonomous Organization (DAO) treasury.
Remaining of the supply will be used for different purposes including Genesis Airdrop, liquidity, market making, prover bonds, Trailblazer Airdrop, etc.
Individuals can use the tokens for trading on exchanges, cross-platform Decentralized Finance (DeFi) applications, participating in saving programs as well as buying and selling NFTs on the NFT marketplace.
