Taiko Airdrop | Network Guide and How to be Eligible

Learn more information about what Taiko Network is, as well as the upcoming airdrop to users.

Photo for the Article - Taiko Airdrop | Network Guide and How to be Eligible

(Updated Airdrop Guide Section on May 24, 2024. Read the article or jump directly here to check your eligibility.)

The popularity of zero-knowledge (ZK) proof has been emerging in the blockchain industry. It is because ZK proofs are used by dApps to verify their users’ identity, without revealing their personal information and exposing other sensitive data. 

On the Ethereum Network, a Type 1 ZK-Ethereum Virtual Machine (EVM) is being built led by the Ethereum Foundation’s Privacy and Scaling Explorations (PSE) team.

(Also check out: 10 Potential Crypto Airdrops 2024 to Watch Out for in 2024)

Taiko Network Introduction

Photo for the Article - Taiko Airdrop | Network Guide and How to be Eligible

Because Taiko Network (https://taiko.xyz) is led by the PSE team of the Ethereum Foundation, it was developed as an open-source project that convinces the $ETH community to contribute to the ongoing formulation of the Type 1 ZK-EVM.

“We are a community-driven project that welcomes and values every and any contribution. That’s including both technical and non-technical contributions. Come to our community forum for more in-depth research, development, and other discussions,” the developers advertised.

Taiko Network Features

Taiko’s products are primarily for developers and builders in the Ethereum ecosystem, such as deploying a smart contract, verifying the contract, running a Sepolia node, running a Taiko node, enabling the Taiko node as a proposer, and enabling the Taiko node as a prover. 

However, it also offers basic features, such as buying tokens, receiving testnet tokens, bridging tokens, and swapping tokens. 

To be able to access these features, users must install MetaMAsk to their browser as an extension. 

How To Setup Wallet: 

  • Step 1: Go to https://taiko.xyz/docs/guides/setup-your-wallet.
  • Step 2: On the “Add chains to your wallet” section, choose between the chains available. 
  • Step 3: Choose the token of the chosen chain. 
  • Step 4: Type in the desired amount to be added to MetaMask. 
  • Step 5: Confirm the transaction.

How To Receive Testnet Tokens: 

How To Bridge Tokens: 

  • Step 1: Go to https://bridge.jolnir.taiko.xyz/.
  • Step 2: Choose the ingoing and outgoing networks. 
  • Step 3: Choose the token to be bridged. 
  • Step 4: Type in the desired amount of tokens to be bridged. 
  • Step 5: Choose the “Bridge” button. 
  • Step 6: Confirm the transaction.

How To Swap Tokens: 

Taiko Network Airdrop

Photo for the Article - Taiko Airdrop | Network Guide and How to be Eligible
  • Taiko has announced a “genesis airdrop” distributing 5% of its 1 billion token supply to community members, news outlet The Block reported.
  • Users can check their eligibility here: https://claim.taiko.xyz/
  • Eligibility for the airdrop includes those who interacted with the Taiko testnet, block proposers and provers, GitHub contributors, and Ethereum ICO participants.
  • Taiko’s total token allocation consists of 48.5% for key stakeholders: 20% for Taiko Labs and the core team, 16.88% for Taiko Foundation reserves, and 11.62% for investors.
  • An additional 20% of the tokens will be held by the DAO Treasury, with 5% allocated for Grants and RetroPGF, 5% for liquidity and market making, and 10% for the Trailblazer airdrop, which is separate from the genesis airdrop.
  • The TKO genesis airdrop will be claimable on the mainnet of Taiko’s Layer 2 chain once it is launched.

This article is published on BitPinas: Taiko Airdrop | Network Guide and How to be Eligible

Disclaimer:

  • Before investing in any cryptocurrency, it is essential that you carry out your own due diligence and seek appropriate professional advice about your specific position before making any financial decisions.
  • BitPinas provides content for informational purposes only and does not constitute investment advice. Your actions are solely your own responsibility. This website is not responsible for any losses you may incur, nor will it claim attribution for your gains.

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