1 year ago
Layer-2 web Optimism airdropped 11.7 cardinal tokens to implicit 300,000 wallets connected Feb. 9, expanding its OP token circulating proviso to 234.74 million.
Following the news, the OP token fell by 13% successful the past 24 hours to $2.33 arsenic of property time, according to CryptoSlate data.
OP is 1 of the best-performing integer assets year-to-date, rising by implicit 200% since Jan. 1. Its affirmative terms show saw it scope a caller all-time precocious (ATH) of $3.20 connected Feb. 3.
Optimism’s airdrop
According to a Feb. 9 statement, the airdrop’s intent is to reward “positive-sum governance information and powerfulness users of Optimism Mainnet.”
The scaling solution said the airdrop was portion of a broader program to administer 19% of its archetypal governance token supply. Its archetypal airdrop successful May 2022 distributed implicit 200 cardinal tokens — astir 5% of its archetypal governance token supply.
Eligible users for the caller airdrop included those who person spent much than $6.10 connected state since Mar. 25, 2022 and those who delegated the voting powerfulness of their OP tokens.
According to Dune analytics data, the mean magnitude airdropped to its users was $38.13, portion the maximum magnitude was $10,462.
Meanwhile, the transaction volume connected the L2 web has ranged betwixt 160,000 – 200,000 since falling from ATH of 800,000.
The station Optimism sheds 10% pursuing 11M token airdrop appeared archetypal connected CryptoSlate.
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