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Ethereum layer-2 answer, Optimism, has airdropped its OP governance token to close to 249,000 wallets in the early hrs of June 1.

In accordance to Optimism’s airdrop white paper, its to start with tranche of airdrops will be for users who have been “instrumental as early adopters and lively consumers of tasks in the Optimism ecosystem.” The white paper determined 248,699 addresses that are eligible for the airdrop in this classification.

Optimism will be distributing 5% of its tokens in this initial airdrop, even though 14% will be remaining for long term airdrops. The rest of the tokens will be utilized for ecosystem cash, private investors, general public items funding, and core contributors.

Optimism is a layer-2 scaling solution on Ethereum that aims to increase transaction speeds and lower prices by combining many transactions into one bundle. It then sends this by means of Ethereum as a one transaction.

Layer-2 solutions like Optimism have become quite popular on Ethereum as they make it possible for developers to enjoy the protection of Ethereum and prevent the consistent concerns of network congestion and higher transaction fees.

Optimism removed 17k wallets

On May perhaps 23, Optimism unveiled its conclusion to eliminate airdrop farmers from its listing. It eliminated 17,000 Sybil addresses and recovered above 14 million OP tokens that it intends to redistribute among the the userbase.

Airdrop farming, or Sybil assault, is a method wherever a person tries to get airdrops on a number of wallets. Sybil attacks are pretty frequent in the market, whilst they are frowned upon by numerous.

Right before the airdrop turned offered, some consumers experienced claimed they had been straight interacting with the good agreement. The moderator in Optimism Discord Server stated the crew was testing the airdrop operation.

Given that the airdrop went dwell, some Optimism consumers explained they had lost their eligibility position even while they have been to begin with eligible.

The OP token is at the moment buying and selling for $1.78 on CoinGecko. Immediately after launching at $1.49, its selling price went as substantial as $2.10 ahead of dropping to its present worth.

Posted In: Ethereum, Uncategorized



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