Taiko, an Ethereum Layer 2 rollup endeavor, is gearing up for its mainnet launch with an exciting announcement for its community members: a genesis airdrop. In anticipation of its mainnet debut, the project plans to distribute 5% of its 1 billion token supply to eligible recipients.

Who qualifies for this initial airdrop? Taiko has extended eligibility to various community participants, including those who have engaged with the Taiko testnet, block proposers, provers, contributors to specific GitHub repositories, and even participants of the Ethereum ICO.

The allocation of Taiko’s token supply is carefully delineated, with 48.5% earmarked for key stakeholders. This includes allocations for Taiko Labs and the core team, Taiko Foundation reserves, and investors. Furthermore, the DAO Treasury will hold 20% of the tokens, with additional allocations for grants, liquidity, market making, and the Trailblazer airdrop.

The highly anticipated TKO genesis airdrop will become claimable on Taiko’s Layer 2 chain mainnet once it officially launches. This milestone marks the culmination of extensive development efforts across six testnets spanning several years.

Designed as an Ethereum-compatible ZK-EVM (Type-1) network, Taiko’s mainnet aims to seamlessly integrate with the Ethereum mainnet, ensuring interoperability and ease of adoption.

Backed by substantial funding, Taiko Labs, the driving force behind the Layer 2 network's development, has secured $22 million across two funding rounds. These rounds, led by Sequoia China and Generative Ventures, underscore the project's ambitious vision and potential.

Daniel Wang, co-founder and CEO of Taiko Labs, emphasized the team's commitment to fairness in the airdrop process while acknowledging the challenges of satisfying all participants. With excitement building for Taiko's mainnet launch, the project remains steadfast in its mission to deliver innovative solutions for the Ethereum ecosystem.