The hotly anticipated Op airdrop is live, although some users have been unable to claim tokens due to high demand
Optimism, a popular Layer 2 scaling solution for Ethereum, today launched a tentative airdrop of its new OP governance token, rewarding the project’s early users and those Other selected Ethereum users by sending free tokens to nearly 249,000 eligible wallets.
The airdrop was first revealed in April when Optimism announced plans to launch a decentralized autonomous organization (DAO) alongside OP airdrop tokens, which holders can use to vote in the community. The DAO plans to use the revenue from the Optimistic transaction fees to fund grants designed for “public goods,” such as open-source software.
After the OP token launch, the traffic overload led to the mainnet and RPC being slow, making it impossible for users to make transactions to buy and sell OPs because they couldn’t access the blockchain.
Ethereum scaling solutions allow for faster, cheaper, and more energy-efficient transactions than is currently possible on the Ethereum mainnet. In the case of Optimism, all trades executed on its blockchain platform are rolled up into large batches and then committed to Ethereum’s network through a single transaction.
The Optimism airdrop was preceded by tweets from crypto exchanges like OKX and AAX, noting that they will support the OP token. While the airdrop was technically underway, many users could not claim their tokens due to overwhelming demand.
Some users on Twitter have reflected that they were listed as eligible for the OP airdrop before, but now they are shown as ineligible. Optimism tweeted that they are working on adding more server capacity before announcing the airdrop redemption process.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Foxy
Coincu News
Discover the best cryptos to buy and hold today: Qubetics leads with 1000x potential, Ethereum…
With the platform facing a cracked whip, Trump Media company is expanding into new business…
Major crypto firms, including Ripple, Kraken, and Circle, are competing for spots on President-elect Donald…
Analysts highlight a breakout alert as Shiba Inu (SHIB), and Dogecoin show signs of recovery…
SEC Chair Gary Gensler will step down on January 20, 2025, coinciding with President-elect Donald…
The MicroStrategy convertible notes offering, initially set at $1.75 billion, was increased to $2.6 billion…
This website uses cookies.