Taiko, the first and only Ethereum-equivalent (Type 1) ZK-EVM developed by the core team from Loopring, officially debuted on May 27th, providing more detailed information about the Taiko airdrop. How can you optimize your airdrop benefits and accumulate more Experience Points (XP) to acquire TKO? This article will explain everything you need to know!
(Know More About Taiko Network Before Reading: What is L2 Taiko? Get to know the 1st Based Rollup in 5 Minutes!)
Taiko Airdrop Step-by-step Guide
- Setup a MetaMask wallet and fund it with some ETH
- Bridge ETH mainnet funds using the Taiko bridge
- Bridge assets to Taiko via XY Finance
- Participating in providing liquidity and borrowing on HANA Finance
- Providing Liquidity or Swapping on Henjin DEX
- Placing a trade on KiloEx
- Mint Faction Badges (NFTs) as multipliers on profile
Understanding Taiko Airdrop
The Phase 1 TAIKO (Genesis Airdrop) token airdrop has caused significant disputes because the rewards were lower than expected, and most users who earned Galxe points even received nothing. Shortly after the claim period opened, CEO Daniel Wang posted on Twitter (X), stating, “To avoid unnecessary debates, we will not disclose detailed TKO genesis airdrop rules. Our goal is fairness, but we can’t satisfy everyone. Congratulations to those who received TKO, and apologies to those who did not,” which sparked more doubts.
Moreover, from other tweets, we can see that Daniel Wang and the decision-making team tend to airdrop more TKO to block proposers, provers, open-source distributors, and specified Galxe campaign accounts, which make up a small proportion of the airdrop this time.
Nevertheless, the Taiko team announced that the upcoming Trailblazers program will allocate 10% of the total TAIKO supply to it. They specified that this airdrop is for Taiko users who will be rewarded for their daily activities across the entire Taiko ecosystem, with a focus on the promotion and application of second-layer network utilization. Now, hope is back, right? 🕊️😉
What is TAIKO ($TKO) ?
TAIKO (formerly known as TKO) serves as the native utility token within the Taiko ecosystem, playing a crucial role in governance, transaction fees, incentivizing user engagement, and more. Here’s a detailed breakdown:
- Governance Token: One of the primary functions of the TAIKO token is its role within the Taiko DAO, where token holders gain voting rights. These rights empower holders to engage in vital decision-making processes, such as protocol upgrades, parameter adjustments, and other governance matters. In phase 1, Taiko Labs, core team, and DAO Treasury each received 20%, highlighting the importance of team and governance.
- Transaction Fees: TAIKO is utilized to cover transaction fees within the Taiko rollup, presenting a cost-effective alternative to the typically high fees associated with Ethereum transactions.
- Incentivizing: TAIKO enhances users’ participation and incentivizes their engagement. For instance, holders can earn rewards through staking, where they commit their tokens to support the network’s security and operations.
Enter the Trailblazers program! A New Campaign to earn Taiko Airdrop
Upon understanding the foundation of phase 1 airdrop and the various applications of TAIKO, let’s explore the inspiring Trailblazers program!
The Trailblazers program is designed for users actively engaging in on-chain activities on the Taiko Mainnet to earn Experience Points (XP) as a loyalty program. The more deeply you delve into and interact with the Taiko ecosystem, the greater your XP accumulation becomes. Accumulate XP to advance levels; achieving higher levels by the end of the season unlocks increased eligibility for rewards.
How Can You Qualify for Taiko Airdrop?
The Trailblazers program can roughly be divided into 3 parts based on its attributes.
- Special Boosts for OG since Genesis Airdrop: In order to express gratitude to everyone, especially from the beginning, there are Special Boosts available for certain qualifications.
- Alpha-1 NFT: 1.1x XP boost
- Taikoons holders: 2x XP boost
- Galxe participants get bonuses based on their points for the first season
- Special Boosts for Faction Badges (NFTs): Eight distinct Faction Badges are designed to foster a strong community and add an extra layer of immersive experience. Users can mint them on their profile for a 2.14x XP boost, but the opportunity to obtain them is fleeting!
Reminder: All NFTs combined can stack up to a max 3x multiplier.
- Ecosystem Exploring: Participating in on-chain activities as a user will assist you in gathering XP points, which is the typical practice when it comes to an “Airdrop.” The following activities are the official standards:
- Bridging ETH & ERC20 tokens
- Transaction volume on ETH & USDC
- Transaction count; any kind of transaction counts!
As we wrap up this part, it’s important to note the Leveling System, which is determined by the XP you’ve collected. The higher your level, the more rewards you’ll have in your pocket.
Potential Taiko Token Airdrop Guide
From the rules, we can see that whether you’re a seasoned veteran or a newbie in Taiko, interacting with dApps in Taiko serves as your foundation to earn XP, and it’s the core of this program. The multiplier then acts as the catalyst to elevate your position even further! In short, simply bridge into Taiko and keep an eye on your transaction volume and count simultaneously!
1. Setup a MetaMask wallet and fund it with some ETH
Ensure to include some ETH, the native cryptocurrency of the Ethereum network, in your wallet. ETH is essential for participating in various activities that could improve your eligibility for the Taiko airdrop.
2. Bridge ETH mainnet funds using the Taiko bridge
Utilize the Taiko bridge to transfer your ETH from the Ethereum mainnet to the Linea network. This act of moving your funds positions you as an engaged user within the Taiko ecosystem, potentially qualifying you for participation in airdrops.
3. Bridge assets to Taiko via XY Finance
XY Finance provides a bridge enabling users to move their assets from the Ethereum mainnet to Taiko. This step is vital to ensure accessibility of your funds on the L2 network, potentially fulfilling the criteria for eligibility for the Taiko airdrop.
4. Participating in providing liquidity and borrowing on HANA Finance
Users have the option to engage as liquidity providers or borrowers on Hana. Providers offer liquidity in the available markets on Hana to earn passive interest, while borrowers can access liquidity in an over-collateralized manner.
5. Providing Liquidity or Swapping on Henjin DEX
Henjin, a native decentralized exchange (DEX) developed on Taiko, aims to furnish the ecosystem with a diverse array of groundbreaking features, empowering users to exert a remarkably high level of flexibility and autonomy over their liquidity.
6. Placing a trade on KiloEx
KiloEx promotes itself by providing traders with lightning-fast transactions, real-time monitoring of market activity, and a user-friendly trading interface. It also offers liquidity providers risk-neutral positions and options friendly to LPs. With KiloEx, users can enjoy a decentralized trading experience, retaining full control of their funds and executing trades completely on-chain.
7. Mint Faction Badges (NFTs) as multipliers
After interacting with dApps to the extent of your capability, make sure to mint exclusive Faction Badges (NFTs) as your catalyst, providing a 2.14x XP boost!
All set! Wishing you the best on your journey to earn XP for TAIKO airdrop!
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