Finally, it’s here. Optimism airdrop of $OP tokens. This round of airdrop is for those who are known as “early adopters and active users”. This is the first round of airdrop with almost 5% of all tokens and there will be some more rounds. 14% of the total initial token supply is reserved for future airdrops. In total, 248,699 addresses are eligible to claim $OP in this initial airdrop.

The airdrop has six sets of criteria. Two for Optimism users that target early adopters and active project users, and four for L1 Ethereum, which target active contribution, positive-sum behaviours, and active participation. Each set is distinct, meaning that an address can be eligible for multiple and allocated a sum of tokens accordingly. A snapshot of addresses was taken on 03-25-2022 0:00 UTC. The allocations and criteria break down as follows:

Notice that Repeat Optimism Users are in both categories of “Optimism Users” and “Repeat Optimism Users”, so they will receive both of these airdrops.

Also, it is important to note again that, if an address is eligible in more than one category, it will receive all the the categories’ rewards it is eligible in. And If you are in more than 4 categories you will be given more $OP as the table below:

Categories

Let’s now break down each of the categories to know who is in what category.

1. Optimism Users

This group selects for addresses that have used Optimism, including both early adopters and newer users, but narrows down to a group that has used Optimism multiple times.

Criterion: Address bridged to Optimism from L1 during the early phases of mainnet (prior to Jun 23, 2021), or used Optimism for more than 1 day (at least 24 hours between their first and last transaction) and made a transaction using an app (after to Jun 23, 2021).

2. Repeat Optimism Users

This tier selects for the most active Optimism users, who repeatedly come back to use applications in the Optimism ecosystem.

Criterion: Address is an ‘Optimism User’ and made at least 1 transaction with an Optimism application across four or more distinct weeks. This selects for the top 20% of ‘Optimism Users’.

3. DAO Voters

We believe that active and engaged governance is crucial to scaling decentralized systems. Addresses who match this criterion have actively chosen to actively contribute by participating in governance.

Criterion: Address has either voted on or authored at least one proposal on-chain, or at least two on Snapshot (off-chain).

• We filtered to “active DAOs” who have had at least 5 proposals with at least 5 votes.

• On-Chain governance contracts included: Governor Alpha and Bravo, Aave, Curve, Maker, Aragon, DAOHaus, DAOStack, and forks.

• Since Snapshot votes were off-chain, we recognized that these were more susceptible to spam/farming behavior, often driven by voters with nominal voting power. To mitigate this, we filtered Snapshot votes to voters who made up the top 99.9% of total voting power in each DAO (i.e. >= 0.1% of voting power was made up by the sum of all smaller voters).

4. Multisig Signers

Multi-sig signers are entrusted with larger pools of capital or control over key protocol functions. They are often the present (and future) DAO leaders and builders.

Criterion: Address is a current signer on a Multi-Sig which has executed at least 10 transactions all-time (this cohort includes 95% of all multisig transactions).

5. Gitcoin Donors

Gitcoin donors have chosen to behave in positive-sum ways by funding public goods. These addresses may also align with Optimism’s goal to build sustainable funding source for public goods through retroactive funding (RetroPGF (opens new window)).

Criterion: Address has made an on-chain donation through Gitcoin on L1. This includes any donation, regardless of if it was during a matching round.

6. Users Priced Out of Ethereum

Active users of dapps on Ethereum are critical to ecosystem growth. Many of these addresses have started bridging to other chains due to high fees, and we want to help retain them in the Ethereum ecosystem while rewarding their curiosity and exploration. Optimism’s airdrop is also calibrated to reward loyalty to Ethereum, so users who have abandoned Ethereum entirely would not receive an airdrop.

Criterion: Address bridged to another chain, but still made an app transaction on Ethereum in each month after they bridged, and transacted at an average rate of at least 2 per week since then (top 60% of matching addresses).

• Bridges included top L1s by TVL: Terra, BSC, Fantom, Avalanche, Solana, Polygon; and general-purpose L2s: Arbtirum, Optimism, Metis, Boba.
• To ensure that we gave a long enough period to sample activity, addresses had to have bridged away from Ethereum at least 90 days before the snapshot.

As you can see it has been a fair distribution. The most is going to those who used Optimism the most. Multisig Signers who help the product to stay up, have the next $OP allocation which is fair in my belief.

$OP Token

Number of tokens

4,294,967,296 $OP tokens. Actually it is 2^32 $OP tokens. That’s why the number is not rounded.

Inflation?

Yes, there will be a 2% yearly inflation for $OP token. No maximum supply is put for this token.

What will the price be?

This valuation is predicted using 30% of the supply distributing. As we know, almost 5% of the whole supply is being distributed, so the price should be multiplied by 6.

Pessimistic Price: $6.6

Moderate Price: $12

Optimistic Price: $16.8

There are other sources who have been predicting the $OP token price, and almost all of them think the price would be more than $10 and less than $20. The biggest probability for the price is to stand between $12 and $18.

Some FAQ

Who is eligible?

To check your eligibility for Airdrop #1, visit the announcement page .

When is the airdrop

It is not possible to claim your tokens yet – follow @optimismPBC Twitter page for official updates on the upcoming airdrop date.

Will $OP be listed in CEXs or DEXs?

Follow @optimismPBC Twitter page for official updates on the upcoming airdrop date.

$OP exist on L1 or L2?

It is on the Optimism chain i.e. L2. If it is going to be existing on other L1 or L2 chains, it will be announced by the team on @optimismPBC Twitter page.

How about next rounds?

If you want to be eligible in the next rounds of airdrop, it is best to contribute in Discord and bridges of Optimisim.