Liam from Tucson

Signed up at Wild IO Casino 37 minutes ago.

» Try Wild IO Casino too
Do not show again

Optimism’s OP token went live on Tuesday, and early adopters of the network were rewarded through the scheduled airdrop. Still, anyone that used Optimism blockchain or are a DAO voter, could be eligible.

The company send OP tokens to a total of 248,699 addresses. The claims interface was reportedly overwhelmed and had to be suspended temporarily, and many users failed to get their tokens. Still, the coin has been able to go up about 20% since it was launched. The airdrop was preceded by tweets from several exchanges, including OKX, that stated that they would support the project.

Optimism had announced that it would launch a DAO in April, along with the token airdrops. It later chose to follow multiple phases with the airdrop campaign. Some parties that were eligible for their first wave of the airdrop include the DAO voters, early users of the network, Gitcoin donors, and active users of dApps on the Ethereum network.

The organization noted that this project, Optimism Collective, would be an experiment in digital governance at scale. OP is meant to be the governance token and will be used to direct upgrades, project incentives, and other features of the ecosystem.

QR code to visit Crypto.com App
Info symbol Get Crypto.com App

Rating: 8.3/10
Number of instruments: 380+ instruments

Description: Do you want to invest in the OP token? You can buy it from Crypto dot com, a user friendly platform for the top coins and tokens!

Risk warning: Trading, buying or selling crypto currencies is extremely risky and not for everyone. Do not risk money that you could not afford to loose.!

User Airdrops
According to the Optimism Community documentation, 19% of the total supply of OP would be set aside for user airdrops. The first airdrop would distribute 5% of the token supply, and this would be granted to people who:

+Actively contributed to their communities.
+Had been priced out of ETH.
+Behaved in positive ways.
+The company originally aimed at reaching more than 250,000 addresses with the first airdrop, but they would manage about 249,000. The goal of this airdrop was to reward users of Optimum and attract core Ethereum users.

The other 14% of tokens set aside for the airdrops will be distributed in two separate sessions. At the moment, they are being held in reserves. The company hasn’t stated the airdrop metrics they will use, but it is clear that getting involved in the Optimism community will improve your odds of getting the tokens.

What is Optimism and the Optimism Collective?
Optimism is a layer 2 solution that is designed to mimic the code of Ethereum. The blockchain was introduced in 2019 and aimed at easing traffic on the main Ethereum network. As a layer 2 solution, Optimism allows users to send ERC-20 tokens between it and the main Ethereum blockchain. In addition to increasing the transfer speeds, this solution helps to lower transfer fees significantly.

With Optimism, Ethereum can sustainably grow its decentralized finance industry as it will be usable by people who can’t afford the outrageous transfer fees. Like many other layer 2 scaling solutions, this one does not have a native cryptocurrency for the payment of gas fees. Therefore, users have to own ETH.

Optimism Collective is a decentralized autonomous organization or DAO that was launched in 2022, and it is meant to reward public goods and build a sustainable future for Ethereum. The project will work as an experiment in digital democratic governance, and it will be controlled equally by the token house and the citizen’s house. Membership to the citizen’s house will be in the form of non-transferrable NFTs, and this will ensure that the project isn’t captured by plutocrats. On the other hand, voting in the token house will be determined by the number of coins you own. These OP tokens can be transferred at will.

Rating: 9.5/10
Supply: 118,780,000 / 200,000,000
Release date: August 1, 2014

Description: Are you an Ether maximalist? See live Ether prices, read news and facts about the world’s second largest cryptocurrency.

Risk warning: Trading, buying or selling crypto currencies is extremely risky and not for everyone. Do not risk money that you could not afford to loose.

Scaling solutions have been very important to the Ethereum network as they have made it more usable. One of the most popular layer 2 solution of Ethereum is Optimism, and it has recently launched a DAO known as Optimism Collective. The governance token of this network is OP, and it will be distributed to supporters of the network via multiple airdrops. The first airdrop was held on Tuesday, when the network went live. With this airdrop, close to 249,000 addresses received the tokens. This was slightly under the 250,000 goal of the company.

You can get more news on blockchains, cryptocurrencies, and similar subjects at Crypto Lists.

by Our Certified Author
Ether Newsflash
    Ethereum Foundation under investigationEthereum Foundation under investigation
    Wednesday, 20 Mar 2024 5:39 pm
    The Swiss based non-profit organisation with a website looking like you arrived in paradise, Ethereum Foundation, is now under investigation by a state. The organisation stands behind the Ethereum network (ERC-20), which is still the seconds largest cryptocurrency by market cap. Since mainly the U.S investigate those things in-depth, it's Crypto Lists main guess that SEC is investigating this matter in detail. It should be noted that Eric Balchunas from Bloomberg estimate the odds of an Ethereum ETF approval in May to be less than 35%, and that was before the investigation. After, Crypto Lists guess is even lower. But it's mainly Bitcoin that rule the crypto market and get the other coins and tokens to follow. So if you're into ETH, please be cautious. Maybe it's way more fun - to play than to run (to the news) - and see what happened to ETH. Try BetPanda Casino if you feel for relaxing in front of a global and NO KYC casino site. Alternatively, check out ETH Play is you want to play on a...
    Read the full newsflash

    ETH Casino sees big inflows after Ether price dropETH Casino sees big inflows after Ether price drop
    Tuesday, 19 Mar 2024 8:33 pm
    After Ether briefly hitting 4000 USDT a week ago, the price fell quickly to 3310 USDT when writing this. Many casino players and investors are worried that ETH will continue to fall further and rather play on some of the best Ethereum casinos around. Since big ETH investors often like to stay incognito, 100% anonymous crypto casinos such as the highly trusted and top ranked ETH Play and the fast and fast rising ETH Casino are out two...
    Read the full newsflash

    Ether (ETH) deposits up: time to try a top Ethereum casino?Ether (ETH) deposits up: time to try a top Ethereum casino?
    Tuesday, 19 Mar 2024 1:45 pm
    The team here at Crypto Lists has noticed something pretty interesting: more and more people are using Ether (ETH) as a deposit method on a variety of crypto casinos. Perhaps this is an indication toward a possible Ethereum ETF approval or disapproval, since we saw with Bitcoin similar play fluctuations. Moreover, as the price of crypto assets dips in preparation for the halving event perhaps people are deciding to play more? We're not sure of the reasons, but thought it might be a good time to recommend a good Ethereum casino (see all) to you fine friends of ours. How about trying ETH Play (review), where you can use Ether but also other coins too! No KYC, no IP tracking, and complete anonymity guaranteed. Sign up now and see where the...
    Read the full newsflash

    ETH Casino: A trusted, new & anonymous casino siteETH Casino: A trusted, new & anonymous casino site
    Monday, 11 Mar 2024 5:20 pm
    Want to play the best casino games and still do it anonymously? We have found a new contender for you. The founders are very experienced, discrete & highly trusted. They are well known in the industry after more than 10 years in the game. Their anonymous casino website was launched about a month ago, but you have probably not seen it anywhere else since they don't support affiliates and other review sites are not as quick as us. Still, Crypto Lists made a fully independent independent review of ETH Casino here since it's such a significant entry into the world of crypto casinos. Not many other sites have such excellent name, so good deposit and withdrawal process (yes, we tried it comprehensively) and since it was created by a trustful team, we decided to let our visitors see it. The core of this brand is to provide a fantastic casino experience with 100% no KYC for their players. You can play from most countries around the world, with or without VPN. Give ETH Casino a try today and tell us...
    Read the full newsflash

    ETH Play gets 172 Pragmatic Live casino gamesETH Play gets 172 Pragmatic Live casino games
    Wednesday, 6 Mar 2024 6:13 pm
    ETH Play (learn more) keeps adding interesting games to their library. Now, you can play both 366 games from Pragmatic Play and 172 from Pragmatic Play Live. Some of the newly added live casino games include Vegas Ball Bonanza, Emerals Speed Blackjack, Speed Baccarat with no commission, Italian Roulette and roulette with an Indian dealer. There is also German, Russian, Macau based and Dutch live dealers. What do you prefer? Check out the no KYC casino called ETH Play where you can sign-up and get started in 10 seconds. All they ask for is your email...
    Read the full newsflash

New Casino Reviews
New Crypto Casinos
Best Crypto Casinos
Recent Crypto Sites
Recent Crypto Coins
Keep up to date with

Our Newsletter

Sign up to our newsletter to get the
latest crypto news, new casinos,
bonus offers and other exciting
* indicates required
Copyright © 2019-2022, by Crypto Lists Ltd (CryptoLists.com). Company name: Crypto Lists Limited. Address: 5 Upper Montagu Street, LONDON W1H 2AG, England.
Jump to top