Loopring TKO Airdrop To Launch Next Week: 2.5M Tokens For Community

Key Points:

• Loopring acquired 2.5 million TKO tokens for community distribution.
• Loopring will launch their check and claim portal with eligibility details next week.

The Loopring TKO airdrop, which the team behind Looping received from Taiko, will be distributed to their community. More details will be shared next week.

Loopring has announced on X (previously known as Twitter) that they have acquired 2.5 million TKO tokens from Taiko and plan to distribute all of these to their community.

How to claim Loopring TKO airdrop

A special portal for checking and claiming will be given by Loopring next week, including more details on the eligibility criteria.

The airdrop of TKO tokens follows two years of work completed on the zkEVM Taiko framework, which was announced on May 22.

The Taiko protocol, a set of smart contracts deployed on Ethereum, is a fully open-source scaling solution for Ethereum. Essentially, the Taiko protocol is the heart of what Taiko stands for.

Under the airdrop of the inaugural season, Taiko is planning to distribute 5% of the total supply of the Taiko TKO token. The categories involved are the Taiko Proposer, Prover, and Bridger, along with general users who have accumulated points via Galxe, programmers, and GitHub contributors.

Readmore: Taiko TKO Token Will Be Launched With 5% Allocation For Airdrop

The Structure of the Taiko Ecosystem

Several organizations together form the Taiko ecosystem. Taiko Labs is a research and development group focused on the Taiko protocol.

The Taiko Treasury is the accumulation of the income generated by the Taiko protocol. The Taiko DAO is a group of Taiko Token (TKO) holders with voting rights to govern various parts of the Taiko Protocol.

The Taiko Foundation supports the growth and development of the Taiko protocol and wider ecosystem. Lastly, the Taiko Security Council, elected by the Taiko DAO, undertakes emergency actions on the Taiko protocol when needed.