Taiko, the Ethereum Layer 2 network, announced on Thursday (23) its “Genesis Airdrop” program before the mainnet launch, with a total supply of 1 billion native tokens TKO, of which 5% will be distributed 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 be conducted on Taiko’s mainnet L2, with the date yet to be announced. Users eligible for the initial airdrop tokens include community members who have interacted with Taiko’s testnet (including Galxe activity participants), block proposers and verifiers, contributors to specific GitHub repositories, eligible Loopring protocol community members, and Ethereum ICO participants who have conducted transactions on the mainnet during specific periods.
48.5% of the total TKO supply will be allocated to major stakeholders, including the development team Taiko Labs and core team (20%), Taiko Foundation reserves (16.88%), and investors (11.62%). Additionally, 20% of the total supply will be allocated to the DAO treasury, with the team also reserving 5% for grants and RetroPGF, another 5% for liquidity and market making, and 10% for Trailblazer airdrops.
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Taiko
The mainnet of Taiko is expected to go live in the near future, with the project having undergone extensive development on six testnets over the past few years. The network will operate as an Ethereum equivalent ZK-EVM(Type-1), ensuring compatibility with the Ethereum mainnet.
Daniel Wang, co-founder and CEO of Taiko Labs, stated on X platform this afternoon that the team will not disclose detailed rules for the TKO Genesis Airdrop to avoid “unnecessary disputes.” He further mentioned that Taiko Labs raised $37 million in three rounds of funding, including a $10 million seed round led by Sequoia China completed in 2022, a $12 million Pre-Series A round led by Generative Ventures completed in 2023, and a $15 million Series A round completed in March this year.