Taiko L2 Project Announces Token Airdrop Ahead of Mainnet Launch

Taiko, a Layer 2 solution for scaling Ethereum, has announced a token airdrop for community participants and the imminent launch of its mainnet.

Dear community,

The moment that you’ve been waiting for has arrived: The Taiko token airdrop is here! ?

Check your airdrop eligibility: https://t.co/rI3yTSxvxf.

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— Taiko ? (@taikoxyz) May 22, 2024

The team has allocated 5% of the total supply of 1 billion TKO for the “genesis airdrop.” Allocation details can be checked here. 

Community members eligible for the tokens include those who interacted with the Taiko testnet, such as validators and provers, GitHub contributors, and Loopring ecosystem participants. The claim process will commence with the mainnet launch.

Phase 1 of our airdrop season offers a substantial 5% of the initial TKO token supply for claiming.

Check your eligibility now if you are a Taiko proposer, prover, bridgooor, user (Galxe points included), developer, GitHub contributor, or a @loopringorg community member.

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— Taiko ? (@taikoxyz) May 22, 2024

TKO distribution structure:

• 48.5% — key stakeholders;
• 20% — Taiko Labs and the core development team;
• 16.88% — Taiko Foundation reserves;
• 11.62% — investors.

The DAO treasury will hold 20% of the tokens. The team has also allocated 5% of the supply for grants and RetroPGF. Another 5% is earmarked for market making and 10% for the Trailblazer airdrop.

The mainnet launch is expected “in the near future.” The network is a rollup and a zkEVM of the first type (equivalent to Ethereum).

Taiko Labs raised $37 million in two funding rounds, with participation from Sequoia China, OKX Ventures, Generative Ventures, and other investors. 

Back in January, the project launched the final testnet, Katla (Alpha-6).