After months of speculation, we have finally got confirmation that the $OP token is indeed becoming a reality. If you missed the news here is how you can check your eligibility and prepare for airdrop No 2 once it comes around.
Who Is Eligible?
Judging by the info provided on the governance page anyone that bridged ETH to Optimism, participated in givernance on Ethereum or even donated to Gitconin grants should get a piece of the pie.
In total there are roughly 250K eligible addresses and you can check if you are on that list by scrolling down to the bottom of the governance page and connecting your wallet or pasting your address.
If you are eligible your share will depend on the number of requirements that your wallet meets.
The requirements are a bit confusing but this list should give you all of the information you need.
According to the Optimism development team the airdrop will become claimable in Q2 but no specific date was shared.
Tokenomics
The $OP token will start with a token supply of 4.29B and continue inflating at a rate of roughly 2% per year. All details can be found on this page but here is a quick breakdown:
Total $OP tokens: 4.29B
Initial circulating supply: ~32.5%
Token allocation
$OP tokens will grant governance rights but the model is still a bit unclear. For now it is known that Optimism will utilize dual governance meaning that both the community and the core team will have unique voting rights to make decisions collectively. More on that can be found here.
What's Next?
Now that the first airdrop requirements are clear we know that more token drops will be coming in the future. If you are still not on Optimism I would highly recommend giving it a shot. You can use this guide to figure out how to bridge ETH to Optimism. It's cheap to send it from Matic and it will probably be worth your trouble in the coming months as more airdrops get announced.
For those that are already in the pot, congratulations! One more airdrop funding is secured and we are just getting started.
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Another reason why I need to improve on my knowledge on crypto. Missing out on juicy airdrops like this and all.
Thanks for spreading the awareness though!
Yeah, it's always good to stay on top of things if you want to be included. I cover a lot of chains and protocols that are tokenless so be sure to check back every now and then.
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I just followed, I hope to find you on my feed always. I’m eager to know more on this. Thanks
if you follow this guy on twitter (@OlimpioCrypto), you won't miss a single airdrop in the #L222 summer. have nothing to do with it. i'm just a follower (discord too). made more than 5k with airdrops in the last 3 months because of him
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I doubt if I will get any $OP tokens. Congrats to those who got. Thanks for sharing this information with us.
Better luck next time bud! Btw Arbitrum should be the next L2 to issue a token. Be sure to check that one out while there is still time.
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This is the case. when the holiday passes by me)
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There is always another chance.
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:) I agree, but not this time.
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Yay! Missed this one. But will check it out since there are upcoming airdrops. Thanks for sharing the info.
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Highly recommended. Optimism and Arbitrum are a must-try and Arbitrum still doesn't have a token so be sure to get in early.
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Thank you. I had them bookmarked on my browser some days ago but forgot to visit them again. Will definitely check on them tomorrow morning.
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So Jerry, you mean, I just move my ETH or WETH from Polygon to Optimism and be optimistic about getting rich with Airdrops? :')
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It was that simple the first time lol
There are no clear instructions for future airdrops but I am sure interacting with protocols on Optimism will be one of them.
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Yup, I agree that the title should have been different but that's on me. Btw I was in the same room and from what I gathered they are encouraging people to bridge ETH and try using Optimism.
I know they didn't share any specific details but interacting with Dapps will surely be one of them for the next one. How else would they reward latecomers?
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Those are great assumptions but I think they will only be one piece of the total airdrop points that you can accumulate, just like with the first one. I would also expect them to share more info once $OP drops so I'll be waiting for more news for now.
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Yup, wrote about it a few months ago. There is always an opportunity to be found in crypto, people are just too lazy to look for it lol
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