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Ethereum: Optimism (OP) launches token airdrop for early adopters



 Optimism was designed to scale Ethereum. The scaling solution processes transactions outside of the Ethereum mainchain and then bundles them back onto it.


The project can thus significantly reduce ETH transaction costs . For example, a token swap via Uniswap on Optimism currently only costs 0.45 US dollars . On the main Ethereum network, users have to pay a whopping $10.25 for the same transaction at the time of writing .


The technology that enables this cost reduction is called Optimistic Rollup technology – you can read about exactly how this technology works here .


Optimism is among the most promising Ethereum scaling solutions in crypto space. There are now nearly $690 million on Optimism's Optimistic Rollup Chain . According to L2beat.com , the scaling solution is the third largest ETH Layer 2 network after Arbitrum and dYdx (DYDX). In the last seven days alone, the capital (TVL) in the Optimism ecosystem has increased by 16.22 percent.


The reason for the sudden inflow of capital is likely to be the announcement of a comprehensive series of airdrops. Because Optimism announced on April 26 that the project would like to issue its own governance token under the ticker OP.


Looking at the size of the Optimism ecosystem, it can be assumed that the value of the airdrop will be in a league with the airdrops of dYdX and Uniswap .


The goal of the airdrop is to reward early adopters and push the decentralization of the Ethereum scaling solution, according to the Optimism Team on Twitter .


How to find out if you get OP tokens

OP tokens are not yet tradable. However, airdrop beneficiaries can already check here how many OP tokens they will receive as soon as Optimism releases the tokens for trading. In addition, the Optimism Team has published a list showing all the criteria for airdrop qualification.


Optimism: How to qualify for future airdrops

The OP Airdrop will be the first in a series of airdrops to take place over the coming months. An exact date for further airdrops has not yet been announced. However, the Ethereum scaling solution calls on everyone who wants to qualify for future airdrops to actively participate in the success of the project.


Specifically, the team announced that users who either use Optimism or actively participate in the development of decentralized applications are eligible for future airdrops.


In addition, a table from the Optimism whitepaper shows that a total of 14 percent of the total OP token supply is to be used for future airdrops.


Airdrop enthusiasts should therefore start to actively participate in the ecosystem if they want to receive OP tokens in the future. Furthermore, it could be interesting for investors to keep an eye on other Ethereum scaling solutions.


Namely, should Optimism succeed in attracting more users to the network through the OP airdrop, it is likely that other ETH scaling solutions like Arbitrum will come under such pressure that they will also launch token airdrops.


In addition to Arbitrum, the largest Ethereum scaling solutions that currently have no token include zkSync , and Aztec , among others .


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