Alisa Davidson
Published: October 10, 2024 at 3:17 am Updated: October 10, 2024 at 3:17 am
Edited and fact-checked:
October 10, 2024 at 3:17 am
In Brief
Optimism will distribute over 10 million OP tokens to 54,000 unique addresses, rewarding contributors to the growth of the Superchain ecosystem.
Ethereum Layer 2 network Optimism (OP) announced the opening of its fifth season airdrop, distributing over 10 million OP tokens to nearly 54,000 unique addresses.
This airdrop is designed to reward users who have actively contributed to the expansion of the Superchain Ecosystem, which includes applications spanning various sectors such as social platforms, decentralized finance (DeFi), gaming, and more.
In addition, externally owned account (EOA) addresses that conducted transactions on the OP Mainnet, as well as networks such as Base, Zora, Mode, Metal, Fraxtal, Cyber, Mint, Swan, Redstone, Lisk, Derive, BOB, Xterio, Polynomial, Race, and Orderly, between March 15th and September 15th were also taken into consideration for this airdrop.
Users who interacted with at least twenty unique contracts on the Superchain during this period and maintained a contracts-to-transactions ratio of 10%—the ratio of unique contracts an EOA address engaged with relative to its total transactions—are eligible to receive the airdrop. The rewards scale is based on the user’s level of network activity.
Furthermore, there are additional airdrop multipliers in place for various user groups, including active delegators, frequent users, Superchain explorers and adopters, questers, Superfest participants, and SUNNYs fans, based on their interaction levels.
Optimism Distributes Over 265M OP In Five Airdrops
Optimism operates as a Layer 2 scaling solution for Ethereum designed to improve the transaction throughput and lower transaction costs. It accomplishes this by using optimistic rollups, which allow transactions to be processed on Optimism’s blockchain, OP Mainnet while relying on Ethereum for final settlement, consensus, and data availability.
To date, Optimism has conducted five airdrops, distributing more than 265 million OP tokens. Approximately 550 million OP tokens are reserved for future airdrop events.
The first airdrop took place on May 31st, 2022, followed by the second on February 8th, 2023, and the third on September 13th, 2023. During the third airdrop, 19.4 million OP tokens, valued at $26 million at the time, were distributed to nearly 32,000 addresses involved in the delegation activities of the Optimism Collective. A fourth airdrop occurred in February 2024.
As of this writing, the OP token is trading at $1.55, reflecting a decline of over 6.20% in the past 24 hours. The circulating supply of OP stands at 1.25 billion tokens, with a market capitalization of $1.9 billion, according to data from CoinMarketCap.
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About The Author
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
More articles
Alisa Davidson
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
More articles
As we delve into the world of cryptocurrencies and blockchain technology, the innovations and developments never cease to amaze. Whether it’s a new token being launched, an airdrop rewarding contributors, or the latest trends in decentralized finance (DeFi), there is always something exciting happening in the digital finance space.
One such platform making waves is Optimism, an Ethereum Layer 2 network that aims to enhance scalability and reduce transaction costs through its optimistic rollup technology. With the fifth season airdrop distributing millions of OP tokens to users, the Superchain ecosystem continues to grow, rewarding those who have played a role in its expansion.
From social platforms to DeFi applications, gaming, and more, the Superchain Ecosystem encompasses a diverse range of services that cater to different user needs. By engaging with various networks and maintaining active participation, users can earn rewards and contribute to the thriving ecosystem.
With over 265 million OP tokens already distributed through five airdrops and more to come, Optimism remains at the forefront of scaling solutions for Ethereum. As the cryptocurrency market evolves and user engagement increases, the possibilities for growth and innovation are endless.
For more trending news articles like this, visit DeFi Daily News and stay updated on the latest developments in the world of digital finance!
