1. BITBILIHome
  2. Article

Optimism distributes unclaimed tokens from first airdrop, totaling $66.7 million

• 499 views

TL;DR Breakdown

  • Optimism has directly distributed unclaimed tokens from its first airdrop to eligible addresses, amounting to an equivalent of $66.7 million.
  • The distribution did not significantly impact the market price of Optimism’s governance token, OP, which showed only a 0.5% increase over the past 24 hours.
  • The airdrop announcement led to scam attempts mimicking the new airdrop, prompting Optimism to emphasize its long-term development roadmap for the second-layer network on Ethereum.

Description

Optimism, a leading Layer 2 network on Ethereum, has completed the direct distribution of unclaimed tokens from its first airdrop, amounting to an equivalent of $66.7 million. The airdrop initially commenced on June 1, 2022, and had successfully distributed 166 million of the nearly 215 million tokens reserved for the airdrop. However, about a quarter … Read more

Optimism, a leading Layer 2 network on Ethereum, has completed the direct distribution of unclaimed tokens from its first airdrop, amounting to an equivalent of $66.7 million. The airdrop initially commenced on June 1, 2022, and had successfully distributed 166 million of the nearly 215 million tokens reserved for the airdrop. However, about a quarter of eligible addresses did not claim their share, prompting Optimism to distribute the remaining tokens directly to these addresses.

The direct distribution aligns with Optimism’s commitment to airdropping 19% of its initial token supply. After two airdrops, 13.73% of that initial supply remains unclaimed. The company has yet to announce plans for a third airdrop. 

Optimism has partnered with various entities, including Strathmore University, the Blockchain Association of Kenya, and the American Chamber of Commerce, to manage its crypto activities.

Scams and market response

While the direct distribution was a significant move, it did not result in a price surge for Optimism’s governance token, OP. At the time of the announcement, OP was trading at $1.39 on major exchanges, showing only a 0.5% increase over the past 24 hours. This lack of market response contrasts with the company’s “surprise” airdrop in February 2023, which led to a 13% price drop for the OP token.

Moreover, the airdrop announcement was immediately followed by scam attempts mimicking the new airdrop. Optimism’s governance structures emphasized that the direct distribution is part of their long-term development roadmap for the second-layer network on Ethereum. The move allows the core teams to focus on other smart contract work and future airdrops.

Optimism’s decision to directly distribute unclaimed tokens from its first airdrop marks a notable development in the Layer 2 Ethereum ecosystem. While the action did not significantly impact the market price of the OP token, it underscores Optimism’s commitment to its long-term goals.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

文章来源于互联网:Optimism distributes unclaimed tokens from first airdrop, totaling $66.7 million

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年9月17日 08:08
Next 2023年9月17日 12:50

Related articles

  • Paradigm Strengthens Push for Clearer Crypto Regulation with New Government Relations Lead

    TL;DR Breakdown Paradigm, a prominent VC firm, has hired Alexander Grieve as its government relations lead to push for clearer crypto regulations. Grieve’s experience in DC politics and crypto policy will help Paradigm navigate regulatory challenges and engage with policymakers effectively. Description Paradigm, a prominent venture capital firm specializing in cryptocurrency investments, has recently announced the appointment of Alexander Grieve as its new government relations lead. Grieve, a seasoned professional with over a decade of experience in DC politics and financial policy, brings his expertise to Paradigm as the firm aims to spearhead efforts for clearer regulations … Read more Paradigm, a prominent venture capital firm specializing in cryptocurrency investments, has recently announced the appointment of Alexander Grieve as its new government relations lead. Grieve, a seasoned professional with over a decade of experience in DC politics and financial policy, brings his expertise to Paradigm as the firm aims to spearhead efforts for clearer regulations in the crypto industry. The strategic hire comes at a time when the United States government is engaged in vigorous debates on how to regulate…

    Article 2023年7月18日

  • Fed’s prolonged high interest rate outlook sparks debate as bank deposits decline

    TL;DR Breakdown The Federal Reserve’s stance on keeping interest rates “higher for longer” has sparked discussions about the central bank’s future policies. Policymakers like Governor Michelle Bowman and Boston Fed President Susan Collins support sustained rate hikes, citing the need to combat persistently high inflation. As interest rates rise, banks face a dilemma as they’ve seen a significant decline in deposits since March 2022, as cash flowed into money-market funds. Description The Federal Reserve (Fed) has recently emphasized the expectation that interest rates will remain “higher for longer.” That implies that even after the current cycle of rate increases, interest rates will stay elevated compared to what the Fed believes is necessary for sustaining economic growth, with inflation around 2%. The specific duration of “longer” has … Read more The Federal Reserve (Fed) has recently emphasized the expectation that interest rates will remain “higher for longer.” That implies that even after the current cycle of rate increases, interest rates will stay elevated compared to what the Fed believes is necessary for sustaining economic growth, with inflation around 2%. The specific…

    Article 2023年9月24日

  • Coinbase seeks clarity amid an ongoing legal battle with SEC

    TL;DR Breakdown Coinbase has asked the court to mandate the SEC to clarify its rules as the legal tussle continues. The implication of the court decision and its effect on the crypto industry. Description In a bid to address the United States Securities and Exchange Commission’s (SEC) ambiguous responses and prolonged silence, cryptocurrency company Coinbase has filed an official request in federal court. Coinbase took this action ahead of its upcoming deadline, citing the SEC’s evasion of a direct question posed by a federal court as an unusual move. … Read more In a bid to address the United States Securities and Exchange Commission’s (SEC) ambiguous responses and prolonged silence, cryptocurrency company Coinbase has filed an official request in federal court. Coinbase took this action ahead of its upcoming deadline, citing the SEC’s evasion of a direct question posed by a federal court as an unusual move. Seeking a court order known as “mandamus,” the exchange aims to compel the SEC to establish clearer rules and standards for the digital assets industry, aligning with a previous petition made by the…

    Article 2023年6月21日

  • US House Republicans Introduce Comprehensive Digital Assets Bill 

    TL;DR Breakdown US House Republicans introduce the Financial Innovation and Technology for the 21st Century Act to create a regulatory framework for digital assets, addressing specific risks associated with various activities. The bill grants CFTC jurisdiction over digital commodities clarifies SEC’s role and emphasizes decentralization as a key criterion for digital asset classification. Description On July 20, Republican members of the United States House Agriculture and Financial Services Committees introduced a groundbreaking 212-page bill called the “Financial Innovation and Technology for the 21st Century Act.” This joint effort between the two committees aims to create a robust regulatory framework for digital assets. The proposed legislation is a response to … Read more On July 20, Republican members of the United States House Agriculture and Financial Services Committees introduced a groundbreaking 212-page bill called the “Financial Innovation and Technology for the 21st Century Act.” This joint effort between the two committees aims to create a robust regulatory framework for digital assets. The proposed legislation is a response to the increasing prominence of cryptocurrencies and other digital assets in the financial landscape….

    Article 2023年7月21日

  • US congress explosive votes shake regulatory landscape

    TL;DR Breakdown The major development was the approval of the Financial Innovation and Technology for the 21st Century Act by the House Financial Services Committee (FSC) in a 35–15 vote.  While these developments represent significant progress toward regulatory clarity for the crypto industry, there were some lawmakers who expressed reservations about another proposed piece of legislation, The Digital Assets Market Structure Bill.  Description Last week, the United States made significant strides toward bringing regulatory clarity to its rapidly evolving cryptocurrency industry. One of the major developments was the approval of the Financial Innovation and Technology for the 21st Century Act by the House Financial Services Committee (FSC) in a 35–15 vote. This crucial bill aims to establish clear … Read more Last week, the United States made significant strides toward bringing regulatory clarity to its rapidly evolving cryptocurrency industry. One of the major developments was the approval of the Financial Innovation and Technology for the 21st Century Act by the House Financial Services Committee (FSC) in a 35–15 vote. This crucial bill aims to establish clear rules for cryptocurrency firms,…

    Article 2023年8月1日
TOP