Taiko announces TKO tokenomics: Genesis airdrop up to 5%
Based on the zkrollup-based Ethereum Layer 2 network, Taiko has announced the tokenomics model of TKO. The total supply of TKO tokens is 1 billion. The distribution ratios are as follows:
DAO Treasury accounts for 20%, Guardian Prover Bonds accounts for 2%, Grants & RetroPGF accounts for 5%, Trailblazer Airdrop accounts for 10%, Protocol Guild Airdrop accounts for 1%, Genesis Airdrop accounts for a maximum of 5%, Liquidity and Market Making accounts for 5%, Investors account for 11.62%, Taiko Labs/Core Team accounts for 20%, Taiko Foundation Reserves account for 16.88%, Taiko Official Prover Bonds account for 1.5%.
To qualify for the airdrop, Ethereum ICO participants can submit block proposals, provide block proofs, interact with the testnet, participate in Galxe activities, contribute to eligible repositories on Github, and trade on the mainnet between 2022-02-01 and 2024-02-01. The TKO Genesis airdrop will be distributed on the Taiko mainnet L2.
After users claim TKO, they will immediately receive the tokens on-chain. The airdropped tokens are not locked and do not have any vesting period. Loopring users need to contact the Loopring community to check their eligibility, and Loopring will be responsible for distributing to eligible wallets. Unclaimed tokens will be returned to the DAO treasury.