Jennifer from Colorado Springs

Registered at the crypto broker CEX 13 minutes ago.

» Try CEX 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 Layer-2 Base network now on DuckDice casino!Ethereum Layer-2 Base network now on DuckDice casino!
    Thursday, 30 Nov 2023 10:56 am
    Looking for a decentralized Ethereum casino? Or does that just sound cool and you're not really sure what it means? Not a problem. DuckDice (review) has announced an upgrade to their site. They've added the Ethereym layer-2 Base network, but if that sounds a bit geeky then let us explain. Base is an innovation from the exchange Coinbase and is built on top of Optimism, itself running on Ethereum. What this means for you, the player, is that decentralized ETH play is opened up to you with a better way to use Ether. Want to see for yourself? Try DuckDice and experience a true Web3 casino...
    Read the full newsflash

    Try an Ether casino with 185+ developers with MOSTBET!Try an Ether casino with 185+ developers with MOSTBET!
    Monday, 21 Aug 2023 9:37 am
    When we first came across MOSTBET (review), we knew for certain it was an awesome casino with sportsbook that definitely deserved our full attention. But we were blown away when we saw how many developers they have. Weighing in with 5000 titles from over 185 different studios was something you don't often come across in the iGaming space, particularly not in the Bitcoin casino niche. But, that's exactly what MOSTBET comes to the table with. Pretty incredible. Launched in 2009, it's well established in many global locations and what's more is that it has deposit methods that cover almost all jurisdictions. Plus, the wallet-to-wallet crypto transfers are handled within minutes, so you don't have to wait for any winnings. Play MOSTBET now and experience a truly fantastic global crypto casino and sportsbook...
    Read the full newsflash

    Play a brand new Ether casino this weekend: CryptoCasino Play a brand new Ether casino this weekend: CryptoCasino
    Sunday, 20 Aug 2023 8:14 am
    We all love Bitcoin casino sites, but have you heard about Ether casinos? What if we told you about a really cool, newly launched casino with one of the most apt and cool names in the whole niche? CryptoCasino (review) is one of the most intriguing sites we've reviewed this year, with one of the best loyalty reward programs in the industry where at the highest tier you get fantastic cashback and even vacations on the house! And, as we said earlier you can deposit and play with Ether, which is one of the most important coins in the cryptosphere. Play CryptoCasino now and get up to 0.313 ETH in a match deposit welcome bonus to get you...
    Read the full newsflash

    Bitubet - 200% bonus on Ethereum casino siteBitubet - 200% bonus on Ethereum casino site
    Wednesday, 9 Aug 2023 7:45 pm
    Are you tired of small bonuses that only gives a few hundred and comes with 100%? Well, say hello to Bitubet (see review) that just done a nice re-branding and have everything you can ask for from a proper Ethereum casino site. New players can enjoy a 200% bonus up to 11,000 USDT, along with 50 free spins. Try Bitubet casino now - and enjoy a classy brand with rewarding bonuses and a great selection of games and VIP benefits for loyal customers. It starts from wooden and goes on until diamond level...
    Read the full newsflash

    Let's go play on Lezgo, an Ethereum casino with sportsbook!Let's go play on Lezgo, an Ethereum casino with sportsbook!
    Friday, 4 Aug 2023 9:29 am
    Have you every played an old-fashioned fruit machine in a pub or bar and been transfixed by the spinning symbols and flashing lights? Have you every wondered if that experience could be replicated from the comfort of home? Well, let's introduce you to the one and only Legzo Casino (review). Not only that, but you can bring the bookies to your boxer-short chill session on the sofa with its superb sportsbook. If you sign up today there's a four-stage welcome bonus waiting for you worth over 1000 USDT and there are literally thousands of games to enjoy with BTC or ETH (plus lots of other coins) to deposit and play with too. Come and play or simply...
    Read the full newsflash

New Casino Reviews
New Crypto Casinos
Best Crypto Casinos
Recent Crypto Sites
Recent Crypto Coins
  • MMX logo
  • CorgiAI logo
  • IPVERSE logo
  • Book.io logo
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