Taiko ($TKO) Token Airdrop Information: Phase 1 airdrop has been confirmed!

Taiko is a ZK-EVM extension solution for Ethereum, similar to zkSync and StarkNet. The Taiko token airdrop has been confirmed and the first stage of the airdrop has begun! In this article, we will explain what Taiko is and how to prepare for the $TKO airdrop.

Taiko ($TKO) Airdrop Step-by-Step Guide

Here’s a step-by-step guide on how to win a potential Taiko ($TKO) token airdrop:

1. Add Taiko network to MetaMask
2. Faucet Token Claim
3. Bridge Testnet Token
4. Deploying a smart contract on Taiko A1
5. Running Node on Taiko
6. Galxe work done

See below for more details.

What is Tycho?

Taiko is building ZK-EVM, the decentralized Ethereum equivalent (type 1). Taiko’s goal is to scale Ethereum in a way that mimics it as closely as possible, both technologically and ideologically. They have raised $22 million over two funding rounds and launched their latest testnet (Alpha-3) in their mission to build a decentralized Ethereum equivalent (Type 1) ZK-EVM.

The Taiko alpha-3 testnet is the latest update and an important milestone in the journey towards ZK-EVM, a decentralized Ethereum equivalent. This testnet is important for testing many network designs and components. It is also called Grímsvötn. The primary purpose of the Alpha-3 Test Network is to evaluate the economic design and implementation of new protocols, including new fee/reward structures.

Technical Overview of Type-1 ZK-EVM

Ethereum’s equivalent, ZK-Rollup, also known as ZK-EVM, is an ideal layer 2 scaling solution without sacrificing security or compatibility. Taiko aims for Type-1 ZK-EVM, giving perfect EVM/Ethereum equivalence over ZK proof generation speed.

Different types of ZK-EVM can be distinguished by how closely they conform to Ethereum’s architecture at the base layer, such as the Merkle Patricia Tree for the state tree, the execution client specification, and the gas cost for each opcode.

These ZK-EVMs present a compromise between compatibility and proof generation costs by using Type 1 ZK-EVMs, which prioritize compatibility over cost. This type is also called “Ethereum equivalent” because it does not change any aspect of the Ethereum architecture, including the hash function, state tree, and gas costs. This allows existing execution clients to be reused with minimal modification.

Who is the team behind Taiko?

Taiko Labs was co-founded by: daniel kingis the founder and former CEO of Loopring, an EVM DEX protocol powered and scaled by zero-knowledge proof technology. In July 2022, Wang break deboss, the former chief architect at Loopring, will lead the project’s zero-knowledge research and development team. The company now has more than 20 employees across 13 countries, most of whom have engineering and cryptography backgrounds.

Does Taiko have tokens?

Yes, Taiko Labs confirmed in its whitepaper that it will hold Taiko tokens ($TKO). The protocol mints $TKO to reward block validators. The token is transparent to L2 users, providing the same seamless user experience as the Ethereum chain.

Users pay transaction fees in ETH, and block proposers receive these fees for each block they successfully propose. In return, block proposers must burn a certain amount of $TKO to participate in the protocol and pay ETH to Ethereum validators to have their block included in the L1 block.

Taiko Alpha-1 Testnet – Check Airdrop Strategy

Taiko launched the Alpha-1 testnet in late December 2022. This testnet consists of two networks: Taiko A1, a fully decentralized ZK-Rollup equivalent of Ethereum, and Ethereum A1, which serves as the L1 network. The testnet contains L1 and L2 nodes with Taiko protocol contracts deployed and a mining interval of 12 seconds. In the user documentation, Taiko provides guidance on what users can do on the testnet, which strongly hints at a potential airdrop strategy.

On May 22, 2024, Taiko ($TKO) launched a Phase 1 airdrop that will secure 5% of the initial token supply!

Taiko Alpha-2 Testnet – Check Airdrop Strategy

Here’s how to potentially receive an airdrop on Taiko’s Alpha-2 testnet:

1. Add Sepalia and Taiko (Alpha2 testnet) to Metamask.
2. Claim testnet tokens using Sepalia Faucet and Horse/BLL.
3. Add the following two token contract addresses to your wallet: Bull token — 0x6048e5ca54c021D39Cd33b63A44980132bcFA66d and Horse token — 0xCea5BFE9542eDf828Ebc2ed054CA688f0224796f.
4. Connect your wallet to Tyco Bridge.
5. Transfer tokens from Sepolia to Taiko A2. To do this, go to the “Bridge” tab, select the Sepolia network and select the token type and amount. Then click “Bridge”. Don’t forget to send $HORSE and $BLL tokens too!
6. Transfer tokens from Taiko A2 to Sepolia. This is basically the same steps as point 5 above.

How to Receive Potential $TKO Airdrop for Taiko Alpha-3 Testnet

Here’s how to potentially receive an airdrop on Taiko’s Alpha-3 testnet.

1. Add Sepolia Network to MetaMask.
2. Add Taiko (Alpha-3 testnet) to Metamask.
3. Get Sepolia ETH at https://sepolia-faucet.pk910.de, Faucet-sepolia.rockx.com or sepoliafaucet.com.
4. Connect your wallet to Taiko Faucet and mint 50 Bull ($BLL) and 50 Horse ($HORSE) tokens. If you don’t see these tokens in MetaMask, it may be because you haven’t added the token address. Click “Import Token” in MetaMask and enter your token details.
5. Go to the Taiko Bridge to connect $ETH, $BLL, and $HORSE from Sepolia to the Taiko network. You may need to increase your gas to prevent the transaction from failing.
6. Go to the transaction page and click “Bill” to claim the transfer. Then check your transaction on Metamask.
7. Complete the task on Taiko’s Galxe page. Tasks include answering quizzes, making connections, and exchanging funds.

Tyco Quiz Answers

Here are the answers to the Taiko quiz on the Galxe page:

• Quiz: Connection and Exchange Questions (Eldfell L3) – Answers: D, A, A, B, C
• Quiz: Proposer Questions (Eldfell L3) – Answers: A, C, B, B, D
• Quiz: Prover Questions (Eldfell L3) – Answers: D, C, B, C, A
• Quiz: Bridge and Swap Questions – Answers: B, B, A, C, D
• Web3 Infrastructure Layer 2 Quiz: Types 1, 2, 3, 4 ZK-EVM – Answers: B, C, C, B, B
• Quiz: Taiko alpha-3 testnet questions – Answers: C, C, B
• Watch “Taiko L3 Node Running” and subscribe to the Taiko YouTube channel (Eldfell L3). Answer: C, B, C, D, C
• Quiz: Brief explanation of Taiko questions – Answers: C, B, C, D, C
• Quiz: Cross-Chain Communication Exploration Questions – Answers: C, B, B, D, C

What are the Taiko token airdrop eligibility criteria?

Taiko proposers, provers, bridgers, users (including Galxe users) and developers are eligible to receive Taiko token airdrops. GitHub contributors and Loopring community members who meet the specified criteria are also eligible. However, activities are weighted and assigned points. You will only be eligible if you meet the minimum score and conditions set by the Taiko team.

How do I check my Taiko token airdrop eligibility?

Here’s how to check your Taiko token airdrop eligibility:

1. movement https://claim.taiko.xyz/
2. Click ‘Check Eligibility’ at the top of the page.
3. If you have a wallet (e.g. MetaMask) and GitHub account, connect them.
4. Bind your wallet and GitHub account.

Users have seven days to check eligibility until May 30, 2024. Once the claim window opens, eligible users will have one month to claim TKO tokens.

Airdrop Review

There are several factors to consider when reviewing airdrops. First, there is a possibility that the project will conduct an airdrop in the first place. We will then look at how many tokens the project will allocate to the airdrop campaign and the difficulty of participating in the airdrop. It is also important to look at the utility of the token to ensure that it has an actual use and purpose when participating in the airdrop in the first place. Lastly, a factor to consider when reviewing an airdrop is whether a lock-up period applies to the airdropped tokens.

Airdrop possibilities: Taiko provides guidance on what users can do to interact with the testnet, which strongly hints at a potential airdrop strategy.

Airdropped token allocation: Taiko has confirmed that it will have a token called $TKO, but the token economics are unknown.

Airdrop Difficulty: The latest Taiko Alpha-3 testnet only requires using testnet funds for bridging, which is relatively simple. However, deploying smart contracts and running nodes on Taiko may require a bit more technical knowledge.

Token Utility: The $TKO utility is unknown.

Token Lockup: $TKO token lockup is unknown.