Optimism OP price unchanged as network rewards loyal holders with 19M airdropped tokens

Layer-2 web Optimism (OP) has begun distributing 19 cardinal OP tokens, astir $26 million, crossed implicit 31,000 chiseled addresses arsenic portion of its 3rd airdrop campaign, according to a Sept. 18 post connected its authoritative X (formerly Twitter) account.

Optimism stated that the airdrop rewards users who delegated their tokens to enactment the protocol’s governance via the Optimism DAO, known arsenic the Collective, betwixt Jan. 20 and July 20.

“Optimism is astir scaling caller coordination mechanisms. Healthy governance is important to the occurrence of the Optimistic Vision. Airdrop #3 rewards those who person supported Optimism governance done delegation.”

To qualify, a idiosyncratic indispensable person accumulated astatine slightest 18,000 points, calculated by multiplying delegated tokens by the fig of days held. This entails having astatine slightest 180 OP tokens entrusted for a continuous 100 days during these six months.

Additional rewards are disposable for participants successful astatine slightest 1 on-chain connection during this timeframe, though the maximum OP token reward per code is capped astatine 10,000 tokens.

Optimism had antecedently revealed intent to administer 19% of its archetypal governance token supply. Its archetypal airdrop successful May 2022 spread implicit 200 cardinal tokens, portion its second airdrop successful February allocated astir 12 cardinal tokens to implicit 300,000 wallets.

OP terms performance

Optimism’s OP terms has remained unchanged contempt quality of the caller airdrop. The integer plus is down by 0.94% successful the past 24 hours to $1.4021 arsenic of property time, according to CryptoSlate’s data.

The transaction measurement connected the L2 web has ranged betwixt 300,000– 450,000 since falling from an all-time precocious of astir 1 cardinal recorded successful July, according to Etherscan data.

Meanwhile, Optimism is presently the 2nd largest layer-2 web by the full worth of assets locked and has enjoyed overmuch adoption, with different crypto projects, including WorldCoin and Base, gathering connected its stack.

The station Optimism OP terms unchanged arsenic web rewards loyal holders with 19M airdropped tokens appeared archetypal connected CryptoSlate.