A red-hot Ethereum (ETH) scaling altcoin launched the second section of its extremely anticipated airdrop early Friday morning.
The Optimism (OP) protocol, a layer-2 (L2) scaling device for the Ethereum blockchain, plans to distribute a complete of 11.7 million OP tokens to eligible customers.
Optimism first announced the airdrop earlier this month, noting that eligible recipients embrace addresses which have delegated the voting energy of their OP tokens and addresses that spent greater than $6.10 on L2 fuel since March twenty fifth, 2022. The mission notes that $6.10 is the common price of a transaction on Ethereum layer-1.
Again in Might 2022, Optimism launched its first airdrop, distributing greater than 200 million OP tokens to 250,000 customers. That first airdrop represented 5% of the full preliminary token provide, and the second, ongoing airdrop represents about 0.27% of the preliminary provide. Optimism has pledged to airdrop 19% of the full preliminary token provide to neighborhood members.
OP is buying and selling at $2.86 at time of writing. The 78th-ranked crypto asset by market cap is down greater than 4.5% prior to now 24 hours however stays greater than 210% up because the begin of 2023 when it was buying and selling round $0.92.
The mission jumped in value on Wednesday after news broke that Base, a newly introduced layer-2 scaling resolution developed along with high US crypto trade Coinbase, might be constructed on high of Optimism.
Do not Miss a Beat – Subscribe to get crypto e-mail alerts delivered on to your inbox
Test Price Action
Observe us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Check Latest News Headlines
Disclaimer: Opinions expressed at The Every day Hodl should not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual threat, and any loses it’s possible you’ll incur are your duty. The Every day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Every day Hodl an funding advisor. Please word that The Every day Hodl participates in internet online affiliate marketing.
Generated Picture: Midjourney