Ethereum Layer 2 Taiko announces ‘Genesis Airdrop’ ahead of mainnet
Taiko, an Ethereum Layer 2 rollup project, announced an airdrop for community members ahead of its mainnet launch. The project plans to distribute 5% of the 1 billion token supply as a “Genesis Airdrop.”
Eligibility for the initial airdrop extends to community members who have interacted with the Taiko testnet, block proposers and provers, contributors to specific GitHub repositories, and Ethereum ICO participants.
Taiko’s total token supply allocation includes 48.5% allocated for core stakeholders. This includes 20% for Taiko Labs and the core team, 16.88% for Taiko Foundation holdings, and 11.62% for investors. Additionally, the DAO Treasury will hold 20% of the tokens. The team also allocated 5% to Grants and RetroPGF, 5% to liquidity and market making, and 10% to the Trailblazer airdrop, which is distinct from the Genesis airdrop.
Taiko’s tokenomics | Source: Taiko
The expected TKO Genesis airdrop can be claimed once Taiko’s layer 2 chain mainnet becomes active.
Expected to launch in the near future, Taiko’s mainnet has undergone extensive development across six testnets over the past few years. The network operates with the Ethereum equivalent ZK-EVM (Type-1), ensuring compatibility with the Ethereum mainnet.
Taiko Labs, responsible for Layer 2 network development, has secured significant funding to support the initiative, raising $22 million across two funding rounds. The first round (a $10 million seed round) was led by Sequoia China in 2022, followed by a $12 million pre-Series A round led by Generative Ventures in 2023.
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