Taiko announces TKO tokenomics: total supply of 1 billion tokens, with a maximum of 5% for the genesis airdrop.

ChainCatcher news, the Ethereum Layer 2 network Taiko based on zkrollup has announced the TKO token economics model, with a total supply of 1 billion TKO tokens.

The allocation ratios are as follows: DAO Treasury accounts for 20%, Guardian Prover Bonds account for 2%, Grants & RetroPGF account for 5%, Trailblazer airdrop accounts for 10%, protocol guild airdrop accounts for 1%, genesis airdrop accounts for up to 5%, liquidity and market making account for 5%, investors account for 11.62%, Taiko Labs/core team accounts for 20%, Taiko Foundation reserves account for 16.88%, and Taiko official Prover Bonds account for 1.5%.

It is reported that to qualify for the airdrop, participants can propose blocks, prove blocks, interact with the testnet, participate in Galxe activities, contribute to eligible repositories on GitHub, and be Ethereum ICO participants who traded on the mainnet between 2022-02-01 and 2024-02-01. The TKO genesis airdrop will be conducted on the Taiko mainnet L2.

In addition, users will receive the tokens on-chain immediately after claiming TKO. The airdropped tokens are not locked and have no vesting period. Loopring users need to contact the Loopring community to check their eligibility, and Loopring will be responsible for distributing to eligible wallets. Unclaimed tokens will be returned to the DAO treasury.