L2 Network Taiko Announces TKO Token Airdrop Prior to Mainnet Launch, Eligibility Check and Application Now Open

L2 Network Taiko Announces TKO Token Airdrop Prior to Mainnet Launch, Eligibility Check and Application Now Open

L2 Network Taiko Announces TKO Token Airdrop Prior to Mainnet Launch, Eligibility Check and Application Now Open

Taiko, the Ethereum Layer 2 network, announced on Thursday (23) the launch of its “Genesis Airdrop” program prior to the mainnet release. The total supply of its native token, TKO, is 1 billion, with 5% allocated to community members. Users can check their eligibility for the airdrop on Taiko’s official website.

According to the announcement, the Genesis Airdrop claims will take place on Taiko’s L2 mainnet, with the date yet to be announced. Users eligible to receive the initial airdrop tokens include community members who have interacted with Taiko’s testnet (including Galxe participants), block proposers and verifiers, contributors to specific GitHub repositories, eligible members of the Loopring protocol community, and Ethereum ICO participants who have conducted transactions on the mainnet within a specific period.

48.5% of the total TKO supply will be allocated to key stakeholders, including the Taiko Labs development team and core team (20%), the Taiko Foundation reserve (16.88%), and investors (11.62%). Additionally, 20% of the total supply will be allocated to the DAO treasury, with 5% reserved for grants and RetroPGF, another 5% for liquidity and market-making, and 10% for Trailblazer airdrops.

Source:
Taiko

Taiko’s mainnet is expected to go live in the near future, following extensive development on six testnets over the past few years. The network will operate as the Ethereum-equivalent ZK-EVM (Type-1), ensuring compatibility with the Ethereum mainnet.

Daniel Wang, Co-founder and CEO of Taiko Labs, stated today on X platform that the team will not disclose the detailed rules of the TKO Genesis Airdrop to avoid “unnecessary disputes.” He further stated that Taiko Labs has raised a total of $37 million in three funding rounds, including a $10 million seed round led by Sequoia China in 2022, a $12 million Pre-Series A round led by Generative Ventures in 2023, and a $15 million Series A round completed in March this year.

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