Optimism Announces a $26 Million OP Token Airdrop for DAO Participants!

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Sep 19, 2023 12:50

Optimism, a layer 2 network built on the Ethereum network, has announced its third OP token airdrop, worth $26 million, to 31,870 addresses that participated in delegation activities of its DAO, the Optimism Collective. The rewards were based on the number of tokens delegated by a user and the duration for which they were held. A minimum threshold of 18,000 units was set, and to ensure a fair distribution, rewards were capped at 10,000 OP tokens for each address. The airdrop was aimed at increasing engagement on the platform and rewarding user participation.