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.

Get Crypto.com App

Rating: 8.3/10
Number of instruments: 314+ 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.

Ether Newsflash
    Ether transfers are down for SwissBorgEther transfers are down for SwissBorg
    Tuesday, 6 Sep 2022 4:29 pm
    SwissBorg outbound and inbound transactions are usually among the quickest for most cryptocurrencies. A BNB transfer can take less than 30 seconds, and ETH is usually quicker or at least just as fast. However, when trying to do an outbound transfer from the Read the full newsflash

    Bitcoin bounce at 20k, ETH at 15kBitcoin bounce at 20k, ETH at 15k
    Saturday, 27 Aug 2022 2:21 pm
    Those looking to buy Bitcoin just got a new floor to look out for. Bitcoin was slightly below 20 000 USD, before bouncing back to 22 000 USD. For those planning to buy Ether (ETH), the price was also the lowest in a few weeks, reaching just below 1500 USD before bouncing back. Now, it's important to keep track of the...
    Read the full newsflash

    Poloniex + Ethereum PoW = TruePoloniex + Ethereum PoW = True
    Friday, 5 Aug 2022 12:08 am
    The 32 year old founder of Tron blockchain and the owner of Poloniex, Justin Sun, has officially given support to the Ethereum´s PoW) hard fork. Before the merge of Ethereum blockchain, Justin is not the only supporter of Ethereum Proof of Work. While there are only around 2050 Twitter followers today, Crypto Lists expects this number to increase significantly the coming month. Mr Sun has promised to donate some of his ETH to the PoW ecosystem, so it can be developed further. Finally, holders of Ethereum will be able to exchange between either Ethereum as PoW or...
    Read the full newsflash

    Ethereum Classic is spiking 50% this weekEthereum Classic is spiking 50% this week
    Saturday, 30 Jul 2022 4:30 pm
    The hard-forked version of Ethereum, Ethereum Classic, has spiked 50% in a week stemming from fundamental factors such as the Ethereum Merge and a new investor. The highly anticipated Ethereum merge involves transitioning the Ethereum b...
    Read the full newsflash

    ETH - Up 45% in a week, but what´s next?ETH - Up 45% in a week, but what´s next?
    Tuesday, 19 Jul 2022 6:48 pm
    After touching both 1600 and 1500 USD during the last 24 hours, Ethereum is in a clear uptrend after breaking the important 1500-level yesterday. If holding above that level for a few days, Crypto Lists analyst Stanko think that 2000 USD is the next major resistance for the second most traded cryptocurrency. If you are into leverage and CFDs, check out Skilling (review) that offer super tight spread for ETH. Sign-up for Skilling now! Alternatively, if you prefer to trade without leverage then try Paxful instead, a...
    Read the full newsflash

Recent crypto sites
Recent crypto coins
Copyright © 2019-2022, by Crypto Lists Ltd (CryptoLists.com). Company name: Crypto Lists Limited. Address: 5 Upper Montagu Street, LONDON W1H 2AG, England.