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Home»ADOPTION NEWS»Optimism launches its fifth airdrop and allocates 10.3 million OP tokens to users.
ADOPTION NEWS

Optimism launches its fifth airdrop and allocates 10.3 million OP tokens to users.

By Crypto FlexsOctober 10, 20242 Mins Read
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Optimism launches its fifth airdrop and allocates 10.3 million OP tokens to users.
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Layer 2 network Optimism launched its fifth airdrop, distributing 10.3 million units. OP

-5.42%
Tokens (worth approximately $16 million) will be distributed to 54,700 user addresses.

The airdrop specifically rewarded users who interacted with Superchain, a blockchain ecosystem developed with OP Stack.

Activity on chains including OP Mainnet, Base, Zora, Mode, Metal, Fraxtal, Cyber, Mint, Swan, Redstone, Lisk, Derive, BOB, Xterio, Polynomial, Race, and Orderly were considered.

The airdrop will be offered to wallets that have interacted with at least 20 contracts on Superchain from March 15 to September 15, 2024. Users can claim their tokens until February 13, 2025.

“Airdrop #5 rewards high-end users who have contributed to the growth of the Superchain ecosystem,” Optimism wrote.

There were also bonus eligibility requirements that increased individual user allocations, such as delegating a minimum amount of OPs or participating in 7 chains of a superchain.

Through five airdrops, Optimism has distributed over 265 million OP tokens to date. Approximately 550 million OP tokens remain for future distribution.

Optimism’s first airdrop took place on May 31, 2022, the second on February 8, 2023, and the third on September 13, 2023. The third airdrop delivered 19.4 million OP worth $26 million to approximately 32,000 addresses at the time. I am participating in the activities of the Optimism Collective’s delegation. Afterwards, the fourth airdrop took place in February 2020.

According to The Block’s pricing page, OP tokens are trading at $1.55 at the time of this writing, after falling 5% over the past 24 hours. OP has a circulating supply of 1.3 billion tokens and a market capitalization of $1.9 billion.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2024 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

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