The number of airdrops is confusing, should I still continue to do Taiko's interactive tasks this week?

Original | Odaily Planet Daily

Author | Asher

This morning, with the launch of the TKO token airdrop query page on Taiko and the release of the TKO token economic model, major "luma" communities suddenly became lively. Users participating in the interaction rushed to check the amount of tokens they received. However, what followed was a variety of grievances spreading on social media.

• "I heard that Taiko has airdropped, but when I checked, it turned out to be 0. I feel like cursing. I started doing this since December last year, but I completely don't understand what's going on?"
• "Currently, some accounts have been given tokens for completing the Galaxy mission with more than 3000 points, but others have not received any tokens. Regarding Taiko's airdrop, all I can think of are three words: rat trading."
• "What's going on? There have been at least 3 testnets, including Galaxy, but in the end, it's still zero." "* "Taiko Airdrop rules are explained roughly, and coins are also given in a muddled way. Next, the misery party will begin.""
• ……

Although some users have shared the amount of their TKO airdrop as soon as possible, overall, the Taiko airdrop has left many people unsatisfied. Now, Odaily Star Daily will take you to understand the Taiko, TKO token economic model, and the team's response to this.

Taiko Comprehensive Analysis

Introduction

Image source: Official Twitter

Taiko is a decentralized Ethereum equivalent ZK-Rollup. Its purpose 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, resulting in lower transaction fees than L1 while maintaining Ethereum security. In general, the main features of the project are as follows.

• No permission and decentralization: Taiko is a basic Rollup. Taiko does not have a centralized sequencer and relies on Ethereum validators to order transactions and blocks.
• Frictionless Developer Experience: Taiko uses ZK-EVM (Type 1 ZK-EVM) that is functionally equivalent to Ethereum, providing a fundamentally "scalable Ethereum" with Ethereum-level compatibility at the execution level.
• Highly configurable and future-compatible: As a contentious Rollup, Taiko allows application chains to define their own proof system and adopt updated and more efficient validity proofs as technology advances, without modifying Taiko's core protocol.

Financing Status

According to ROOTDATA, Taiko raised a total of 37 million US dollars and completed two rounds of financing from 2022 to 2023, raising a total of 22 million US dollars. The first round of financing was 10 million US dollars, led by Sequoia China, and ended in the third quarter of 2022. The most recent second round of financing was 12 million US dollars, led by Generative Ventures. Other investors in Taiko Labs' two rounds of financing include IOSG Ventures, GSR, GGV Capital, as well as angel investors such as Patricio Worthalter, founder of POAP, Tim Beiko from the Ethereum Foundation, and Anthony Sassano.

In March 2024, Taiko announced that it has raised $15 million in Series A funding, led by Lightspeed Faction, Hashed, Generative Ventures, and Token Bay Capital. Other investors in this round of funding include Wintermute Ventures, Flow Traders, Amber Group, OKX Ventures, GSR, etc.

Taiko Financing

Token Economic Model

According to the official information released by Taiko, its native token TKO has a total supply of 1,000,000,000 tokens, and the specific distribution ratio is as follows:

• Taiko Labs/Core Team: 200,000,000 TKO, accounting for 20.00% of the total supply;
• DAO Treasury: 200,000,000 TKO tokens, accounting for 20.00% of the total supply;
• Taiko Foundation reserves: 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 tokens, accounting for 10.00% of the total supply;
• Genesis Airdrop: up to 50,000,000 TKO tokens, accounting for 5.00% of the total supply;
• Liquidity and Market Making: 50,000,000 TKO tokens, 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 ratio adds up to only 98% of the token supply.

TKO Token Economic Model

Response to Token Airdrop Controversy

Due to the various complaints about the Taiko Airdrop on social media, community members are asking: What are the specific rules for token distribution? Why haven't we received any TKO tokens after participating in multiple testnets? The Galaxy Mission has been conducted for N rounds, what is the specific allocation ratio?

"In response to this, danielwang.eth, co-founder and CEO of Taiko, stated, 'To avoid unnecessary arguments, we will not disclose the detailed rules of the TKO genesis airdrop. Our goal is fairness, but we cannot satisfy everyone. Congratulations to those who received TKO, and apologies to those who did not receive TKO.'"

Source: Tweet by Daniel Wang, Co-founder and CEO of Taiko, danielwang.eth

With this statement, anger in the community rises sharply, and there is a chorus of curses. It is obvious that the team is engaging in "rat trading"!

Interesting enough, after the token airdrop, Taiko has released a new mission in the galaxy, with a score of 300 points and a deadline of May 27th. So, will you continue to participate in the interaction?

Taiko's latest Galaxy Mission