- The eligible addresses for the first round of the Optimism airdrops received a direct distribution of the tokens. So, there was an involvement of around $66.7 million tokens.
- Around 80,000 addresses received the airdrops.
Optimism growth is quite breathtaking to witness, and they are moving to new levels by trying to create transparency in their operations. So, they are completing their first round of airdrops.
Optimism Distributing Over $66 Million Unclaimed Tokens
- Optimism is a growing layer 2 blockchain on the Ethereum network, constantly attaining new levels with its achievements. So, before the official launch of this layer 2 protocol, there was a series of airdrops. At some point, some of the airdropping processes received a pause. However, there’s a continuation nod from the governance section of the Optimism network.
- According to the details, the layer 2 protocol completed the direct distribution of unclaimed tokens from its first airdrop, amounting to an equivalent of $66.7 million. So, according to the original plan of the airdrop, the beginning date was June 1, 2022. From the details provided by the team behind this crypto project, there was a successful distribution of 166 million of the nearly 215 million tokens reserved for the airdrop. So, something made the team behind Optimism opt for direct distribution of the remaining tokens.
More Details About the Optimism Airdrop
- Some wallets eligible for the airdrop during the initial stage failed to claim them. So, the team had to use a direct distribution method for these airdrops. Around ¼ of the eligible users for this airdrop received this direct distribution.
- For the distribution of the remaining airdrops, there was an involvement of 48 Million OP tokens. So, at the time of their announcement, these tokens were worth around $66.7 million. The number of addresses participating in this airdrop was 88,000. So, the airdrop took place on the 15th of September, 2023, and lasted for around 12 hours.
Other Scam Airdrops and OP Price Response
- Immediately after the announcement of the commencement of this airdrop, many other fake airdrops started. So, this is mostly another type of airdrop by scammers and hackers, using malicious links and content to steal cryptocurrencies from unsuspecting users. There were dozens of these fake Optimism airdrops. Moreover, there are chances of many crypto enthusiasts falling for the gimmicks of these hackers.
- The price response of the OP token since this latest airdrop is a combination of positive and negative. So, at the time of writing this content, the price of the OP token was down by over 2%. On the weekly chart, it was a different scene. So, the token’s weekly price is up by more than 8%.
Conclusion
Optimism made some new updates regarding their network airdrops. So, before the full commencement of the network, there were some leftover airdrops. The team behind Optimism says they want to focus on other governance tasks. So, they are conducting a direct airdrop distribution to the remaining addresses.
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The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from cryptonewsbytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from the company
