Phase 1 of TAIKO Token Airdrop Now Open to Claiming

Key Points:

• Taiko has conducted the TAIKO token airdrop, distributing 5% of its token supply to eligible users, including proposers, bridges, and community members.
• The project raised $15 million in March, bringing total funding to $37 million, and has cooperated with major blockchain projects.

Taiko, a layer-2 blockchain solution leveraging zkEVM technology, has officially conducted Phase 1 of the TAIKO token airdrop following its $15 million funding round in March. This comes after two years of anticipation within the community.

Read More: Taiko Review: Potential zkEVM Solution With High Compatibility

Taiko Completed TAIKO Token Airdrop for Community Members

The TAIKO token airdrop marks a significant milestone for Taiko, which aims to enhance Ethereum’s scalability and security by fully integrating zkEVM technology. The project has allocated 5% of its total TAIKO token supply, approximately 50 million tokens, to the first season of the airdrop. Eligible participants include Taiko proposers, provers, bridgers, users (including Galxe points holders), developers, GitHub contributors, and members of the Loopring community.

The claim period for the TAIKO token airdrop runs from June 5, 2024, to July 5, 2024. To claim the tokens, users must bridge some ETH to Taiko to cover the minimal gas fee, connect their wallets on the Taiko claim page, and then claim their tokens.

In addition to the airdrop, Taiko recently launched the Trailblazers program, which incentivizes users to complete tasks and earn points weekly, both before and after the mainnet launch.

The Potential of Layer 2 Taiko

Taiko distinguishes itself as a “type 1” zkEVM, a term coined by Ethereum co-founder Vitalik Buterin to describe solutions with the highest compatibility with Ethereum’s Virtual Machine (EVM). Unlike other layer-2 solutions that use their own sequencer networks for rollups, Taiko relies on Ethereum’s authentication infrastructure, ensuring robust security and censorship resistance.

The project has attracted over 100 decentralized applications (dApps) during its testnet stages and has established partnerships with major projects like Etherscan, USDC, and Pyth. Two months ago, Taiko raised an additional $15 million, bringing its total external funding to $37 million since its inception.

Initially, the project’s token was to be listed under the ticker TKO, but concerns over its overlap with Tokocrypto’s token on Binance led to a rebranding to TAIKO. This change was made to avoid confusion, particularly amid heightened interest in zkEVM solutions.