Ethereum Layer 2 network Taiko announced on Thursday (23) the launch of its “Genesis Airdrop” program before the mainnet release, with a total supply of 1 billion native tokens TKO, of which 5% will be distributed to community members. Users can already check their eligibility for the airdrop on Taiko’s official website.
According to the announcement, the Genesis Airdrop application will take place on the Taiko mainnet L2, with the date yet to be announced. Users eligible to receive the first airdrop tokens include community members who have interacted with Taiko’s testnet (including participants in the Galxe event), block proposers and validators, contributors to specific GitHub repositories, eligible members of the Loopring protocol community, and Ethereum ICO participants who traded on the mainnet during a specific period.
48.5% of the TKO supply will be allocated to major stakeholders, including development team Taiko Labs and core team (20%), Taiko Foundation reserves (16.88%), and investors (11.62%). In addition, 20% of the total supply will be allocated to the DAO treasury, with the team reserving 5% for grants and RetroPGF, another 5% for liquidity and market-making, and 10% for Trailblazer airdrops.
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Taiko
Taiko’s mainnet is expected to go live in the near future, following extensive development on six testnets in 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 this afternoon on X platform that the team will not disclose detailed rules for the Genesis Airdrop of TKO to avoid “unnecessary debates.” He further mentioned that Taiko Labs has raised $37 million in three rounds of funding, including a $10 million seed round led by Sequoia China in 2022, a $12 million Pre-Series A round led by Generative Ventures in 2023, and a $15 million Series A round completed in March this year.
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