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Optimism Airdrop Confirmed – How To Get OP Tokens For Free

 


What is Ethereum?

Ethereum is a blockchain network founded in 2015. The network is notable for being the first blockchain to offer smart contract functionality. As a result, Ethereum can be the basis for decentralized applications. Ethereum's native token is called Ether, although some people still confuse the token's name with the name of the blockchain.


Ethereum is the most popular platform for smart contracts. However, Ethereum is struggling with issues related to gas fees and generally the speed and cost of transactions. This is the reason for the development of Layer 2 solutions.


What are Layer 2 solutions?

Due to Ethereum's increasing fees and transaction times, Layer 2 projects were launched. Layer 2 solutions run on the Ethereum blockchain but execute transactions off the main chain. They also ensure that security is maintained throughout the process. This relieves the computing power and speeds up transactions considerably.


What is optimism?

Optimism is a Layer 2 scaling solution running on Ethereum. The main feature of Optimism is to make transactions on Ethereum applications very cheap. Optimism moves transactions from the blockchain to another blockchain. This drastically reduces gas fees and increases transaction throughput. Optimism offers Ethereum developers the opportunity to use all available tools on Ethereum without any customization required. According to the Optimism development team, traders will pay 10 times less gas fees. To prevent fraud, Optimism uses Optimistic Rollups.


Airdrop

How Optimism builds the bridge to Ethereum

Optimism enables fast Layer 1 to Layer 2 transfers from the Ethereum mainnet to Optimism. However, all transfers from Optimism to Ethereum take up to 7 days. This is because the waiting time is used to verify transactions and protect against fraud. To build a bridge between Optimism and Ethereum, users can use the Optimism Gateway. To build a bridge between the two chains, a user needs to enter the gateway and connect their wallet. The next step is to choose your wallet type and make your deposit.


Once the contract confirms the tokens you have deposited, your tokens will be bridged. The bridging process is quick and takes about 5 minutes from start to finish. After the tokens have been “bridged” on Optimism, users can conduct transactions just like Ethereum. Also, Optimism offers the same security and resilience as the Ethereum mainnet. Optimism supports wallets like Coinbase, Metamask, Rainbow, as well as many others.


Does Optimism have an airdrop?

Optimism recently announced the launch of its token called OP. It serves as a governance token, meaning OP holders will be able to set protocol incentives and vote on protocol upgrades.



What is the Optimistic Collective?

A Decentralized Autonomous Organization (DAO), the Optimistic Collective is the latest evolution of Optimism. It changes the concept of traditional DAOs, where users only “vote” on decisions, and adds an additional aspect: co-ownership. The purpose of this collective is to create a strong public assets infrastructure for OPs that increases the utility of the L2 and creates a meaningful economy to build upon.


The Optimistic Collective is divided into two groups:


The town hall: This part will regulate the financing of the public goods and establish a protocol for developments. Citizenship is granted in the form of non-transferrable NFTs and grows with the community over time.


The token house: All holders of the OP token are represented here. It governs protocol upgrades, project incentives, and other significant aspects of the business.


OP Tokenomics - How are the Optimisim tokens distributed?

The total supply of OP tokens will be 4,294,967,296 and will be distributed as follows:


19%: Airdropped to eligible members

20%: for retrospective financing of public goods

25%: Reserve for the ecosystem funds (governance, partner, seed and unallocated funds)

17%: to investors

19%: for the core contributors

Who can claim man Optimism Token?

To whitelist yourself for the first airdrop and find out if you are eligible, follow the steps below:


Step-by-step instructions:

Visit the Optimism Airdrop Check page.

Scroll down to the Airdrop section.

Connect your ETH wallet or enter your ETH address.

If you meet the requirements, the corresponding amount will be displayed.

The snapshot of the addresses was taken on March 25, 2022 at 00:00 UTC.

Users who meet multiple of the above criteria are also eligible for an additional Overlap Bonus.

The promotion isn't live yet, so be sure to follow the project's social channels to stay up to date.

There will also be airdrops for active users of the platform in the future.

Who qualifies for the Optimism Airdrop?

Optimism Users: Users who switched from L1 to Optimism during the early phase of mainnet (before June 23, 2021) or used Optimism for more than one day (at least 24 hours between their first and last transaction) and one transaction with an app (after June 23, 2021).


Multi-Active Optimism Users: Users who are already airdrop-eligible “Optimism Users” and have completed at least one transaction with an Optimism app within four different weeks.


DAO Voter : Address that either voted on or authored at least one proposal on chain, or authored at least two on snapshot (off-chain).


Multi-Sigs: Addresses that have performed at least 10 transactions on a multi-sig wallet are current signers. Multisig wallets include Gnosis Safe v0.1.0-1.3.0, MultiSigWithDailyLimit, MultiSigWalletWithTimeLock and addresses in Etherscan's 'Multisig' label, which have a feature to retrieve owner addresses.


Gitcoin Donor: The address made an on-chain donation via Gitcoin. This includes any donation, regardless of whether it was made during a matching round.


Certain Ethereum users: Addresse switched to another chain, but still made an app transaction on Ethereum every month after the switch and has since made an average of at least 2 transactions per week. The bridges include the top L1s according to TVL: Terra, BSC, Fantom, Avalanche, Solana, Polygon; and general-purpose L2s: Arbtirum, Optimism, Metis, and Boba.

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