L2 project Taiko will hold an airdrop

Taiko, a layer 2 scaling solution project for Ethereum, has announced the distribution of tokens to community members and the imminent launch of the 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 allocated 5% of the total supply of 1 billion TKO for the “genesis airdrop”. You can check the allocation link.

The right to receive coins is available to community members who interacted with the Taiko test network, including validators and verifiers, GitHub contributors, and members of the Loopring ecosystem. The possibility of branding will open with the launch of the mainnet.

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 core development team;
• 16.88% – reserves of the Taiko Foundation;
• 11.62% are investors.

The DAO treasury will hold 20% of the coins. The team also allocated 5% of the proposal to grants and RetroPGF. Another 5% will be allocated to market making and 10% to Trailblazer airdrop.

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

Taiko Labs has raised $37 million in two rounds of funding that included Sequoia China, OKX Ventures, Generative Ventures and other investors.