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


19 Sep 2023 11:00 AM

Optimism said it would distribute more than 19 million OP tokens to over 30,000 addresses to reward governance participation....

  • Optimism (OP) has distributed 19 million OP tokens, worth around $26 million, in its third airdrop campaign.
  • The airdrop rewards users who delegated their tokens to support the protocol's governance via the Optimism DAO.
  • To qualify, users must have accumulated at least 18,000 points by holding at least 180 OP tokens for a continuous 100 days.
  • Additional rewards are available for participants in at least one on-chain proposal.
  • The maximum OP token reward per address is capped at 10,000 tokens.
  • Optimism had previously distributed 200 million tokens in its first airdrop and nearly 12 million tokens in its second airdrop.
  • The price of OP has remained unchanged despite the new airdrop, currently down by 0.94% to $1.4021.
  • The transaction volume on the L2 network has ranged between 300,000 and 450,000, falling from an all-time high of nearly 1 million in July.
  • Optimism is the second largest layer-2 network by the total value of assets locked and has seen adoption from other crypto projects.

The sentiment of the article is mostly neutral, providing factual information about Optimism's airdrop campaign, token distribution, price performance, and network statistics.

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