The number of airdrops is uncertain. Should I continue with the Taiko interactive tasks this week?
The team refused to disclose the detailed TKO airdrop rules, causing community members to reach their boiling point.Author: Asher, Odaily Planet Daily
This morning, with the launch of the TKO token airdrop query page and the announcement of the TKO token economic model by Taiko, various "haircut" communities became lively, and users participating in the interaction rushed to check the number of tokens they received. However, various grievances began to spread on social media:
- "I heard Taiko airdropped tokens, but when I checked, it was 0. I'm so frustrated; I started working on this in December last year, and I can't understand what this operation is about?"
- "Currently, some accounts that scored over 3000 points in the Galaxy task received tokens, but some accounts did not receive any tokens. Regarding this round of Taiko airdrop, I can only think of three words: insider trading."
- "What's going on? I have done at least 3 testnets, and I also completed the Galaxy tasks, but in the end, I still got 0."
- "The airdrop rules from Taiko are very vague, and the token distribution is confusing; next, the misery competition begins."
- ……
Although some users shared their TKO airdrop amounts immediately, overall, many people were dissatisfied with Taiko's airdrop. Below, Odaily Planet Daily will take you to understand Taiko, the TKO token economic model, and the team's response to this situation.
Taiko Comprehensive Analysis
Introduction
Taiko is a decentralized Ethereum-equivalent ZK-Rollup. Its goal is to allow developers and users of dApps developed for Ethereum L1 to use these dApps on Taiko without any modifications. Therefore, dApps can be quickly deployed to L2, generating lower transaction fees than L1 while maintaining Ethereum's security. Overall, the main features of the project are as follows:
- Permissionless and decentralized: Taiko is a Base Rollup. Taiko does not have a centralized sequencer but relies on Ethereum validators to order transactions and blocks;
- Frictionless developer experience: Taiko uses an Ethereum-equivalent ZK-EVM (Type 1 ZK-EVM) to achieve execution-level compatibility with Ethereum, fundamentally providing "scalable Ethereum";
- Highly configurable and future-compatible: As a contentious Rollup, Taiko allows application chains to define their own proof systems and adopt newer, more efficient validity proofs as technology advances without modifying Taiko's core protocol.
Financing Situation
According to ROOTDATA, Taiko has raised a total of $37 million, completing two rounds of financing from 2022 to 2023, raising a total of $22 million. The first round raised $10 million, led by Sequoia China, and ended in the third quarter of 2022. The recent second round raised $12 million, led by Generative Ventures. Other investors in Taiko Labs' two rounds of financing include IOSG Ventures, GSR, and GGV Capital, as well as angel investors such as POAP founder Patricio Worthalter, Ethereum Foundation's Tim Beiko, and Anthony Sassano.
In March 2024, Taiko announced it had secured $15 million in Series A funding, led by Lightspeed Faction, Hashed, Generative Ventures, and Token Bay Capital. Other investors in this round include Wintermute Ventures, Flow Traders, Amber Group, OKX Ventures, and GSR.
Taiko Financing
Token Economic Model
According to information released by Taiko, its native token TKO has a total supply of 1,000,000,000 tokens, with the specific allocation ratios as follows:
- Taiko Labs/Core Team: 200,000,000 TKO, accounting for 20.00% of the total supply;
- DAO Treasury: 200,000,000 TKO, accounting for 20.00% of the total supply;
- Taiko Foundation Reserve: 168,800,000 TKO, accounting for 16.88% of the total supply;
- Investors: 116,200,000 TKO, accounting for 11.62% of the total supply;
- Trailblazer Airdrop: 100,000,000 TKO, accounting for 10.00% of the total supply;
- Genesis Airdrop: up to 50,000,000 TKO, accounting for 5.00% of the total supply;
- Liquidity and Market Making: 50,000,000 TKO, accounting for 5.00% of the total supply;
- Grants & RetroPGF: 50,000,000 TKO, accounting for 5.00% of the total supply;
- Guardian Prover Bonds: 20,000,000 TKO, accounting for 2.00% of the total supply;
- Taiko Official Prover Bonds: 15,000,000 TKO, accounting for 1.50% of the total supply;
- Protocol Guild: 10,000,000 TKO, accounting for 1.00% of the total supply.
(According to the information provided on the official website, the total allocation ratios only add up to 98% of the token supply.)
TKO Token Economic Model
Response to Token Airdrop Controversy
Due to the various grievances surrounding the Taiko airdrop on social media, community members are asking: What are the specific rules for token distribution? Why did I not receive a single TKO token after participating in many testnets? How many rounds of Galaxy tasks were there, and what are the specific distribution ratios?
In response, Taiko's co-founder and CEO danielwang.eth stated: "To avoid unnecessary disputes, we will not disclose the detailed rules for the TKO Genesis airdrop. Our goal is fairness, but we cannot satisfy everyone. Congratulations to those who received TKO, and we apologize to those who did not."
Image source: Taiko co-founder and CEO danielwang.eth's tweet
Following this statement, grievances in the community surged, with many accusing the team of obvious "insider trading"!
Interestingly, after the token airdrop, Taiko released new tasks in the Galaxy, with a score of 300 points, due by May 27. So, will you continue to participate in the interaction?
Taiko's Latest Galaxy Task
