• Optimism airdropped 11.7 million OP tokens to active ecosystem users who have delegated their voting power and spent more than $6.10 on layer 2 gas since March 25, 2022.
• The team behind the project also said that it’s going to do more airdrops in the future.
• Following the airdrop announcement, Optimism’s OP token went down by almost 9%.
Optimism Airdrops Millions of Tokens
Optimism airdropped millions of OP tokens to active ecosystem users on Thursday. The team warned that there’s no need to claim the tokens – they’ve been sent straight to the eligible users‘ wallets. A snapshot of the airdrop was taken on January 20, 2023 and 11.7 million tokens were allocated to those users who have delegated their voting power and spent more than $6.10 on layer 2 gas since March 25, 2022.
More Airdrops To Come
The team behind the project also said that it’s going to do more airdrops in the future in order to further facilitate positive-sum behavior in the ecosystem. It’s never too late for users to participate in these airdrops as they come up!
OP Token Reacts Negatively
Optimism’s governance token OP dumped on news of the second airdrop, dropping by almost 9% from its 24-hour high of $2.54 down to $2.32 following the announcement, according data from CoinGecko. Despite this sharp decrease in price following the news of an extra incentive for its user base, OP still remains one of 2021’s best performing tokens starting from just under 1 dollar at beginning of year before peaking at an all-time high of 3 dollars and 19 cents on February 3rd – an increase of 250%.
Unlock Schedule Not Great
Industry observers have pointed out that OP has one of 2021’s worst unlock schedules with only around 214 million out 4 billion 29 million currently being circulated with 5 point 1 million worth being emitted daily until June 16th when all unlocked tokens are expected be released into circulation .
Despite some negative reactions regarding its unlock schedule, Optimists is still proving itself as one 2021’s most successful projects having successfully given away even more incentives for its userbase whilst still retaining value despite decreases due second airdrop announcement