In the crypto airdrop farming community, there is currently little attention paid to the 6th round of rewards that will soon be distributed by the Optimism project.
After the success of the first 5 seasons, a new earning opportunity is coming soon: let’s see what to do to try to get a share in the next giveaway.
Attention: There are still 550 million OP remaining, equivalent to a value of $1.18 billion, ready to be transferred to eligible users.
Let’s see everything in detail below.
Summary
Optimism and 5 previous reward seasons: 550 million OP still available
Optimism has an extensive history in the cryptocurrency airdrop sector, having hosted 5 different airdrops between June 2022 and October 2024.
In total, to date, users of the Optimism community have received 250 million OP tokensas a token of gratitude for your contribution to the development of the project.
Over the course of 5 seasons, different categories of addresses were played with significant differences in terms of legality and reward amounts.
More precisely, we see how the largest OP distribution occurred in airdrop 1, which took place in the summer of 2022, with 200.1 million tokens offered as a reward.
Everything about this early adopters and active netizens A total of 248,699 eligible addresses were eligible to participate.
Below are the distribution characteristics:
During airdrop 2 in January 2023, 307,965 addresses were rewarded, actively participated in management and used the OP Mainnet chain. This second tranche offered a more moderate amount of tokens equal to 11.7 million OP.
Airdrop 3 took place in September 2023 and was also about governance. 57,000 addresses required a total of 8 million OP.
During the January 4, 2024 airdrop, 23,000 addresses came into contact with Superchain ecosystem NFTs. A total of 10.3 million Op was given to everyone who spent gas on NFTs of the OP Mainnet, Base, Zora and Ethereum networks.
Finally, in the final round on October 5, 2024, Optimism rewarded everyone who interacted with at least 20 unique Superchain contracts, with a contract-to-transaction ratio of at least 10%. A total of 54,000 addresses received a share of the dough of 10.4 million OP.
🔴 Use Superchain and get benefits 🔴
Today @Optimism introduces Airdrop #5:
Together in the chain, together receive benefits.
More than 10 million OPs were distributed to more than 54 thousand unique addresses.
As of today, there are approximately 550 million OP left for future distributions. pic.twitter.com/TCS1oSXKBs
— Optimism (@Optimism) October 9, 2024
In its tokenomics, Optimism indicated that 19% of OP’s supply is allocated to the community as an airdrop.
Approximately 13% of the supply, or 550 million OP, still needs to be unlocked and distributed in future airdrop rounds.
Round 6 Crypto Airdrop OP: What Actions to Take to Position Yourself on Optimism
Given the large number of OP tokens still available for distribution among Optimism community users, let’s take a look at how to try to qualify for participation.
While it is unclear what actions on the chain will guarantee us the right to receive crypto rewards, we can still perform targeted operations that will significantly increase the likelihood of success.
First of all, the first thing to do is purchase OP if you don’t already have it in your wallet and delegate your voting power. in a special section of the project.
As we’ve seen in previous seasons, control limitations have often been fatal when determining hand distribution. Therefore, it is preferable to delegate at least 100 OP to one of the active participants in the network or personally vote on DAO proposals.
Another recommended action to try to catch the sixth airburst of Optimism is to interact with the new chain recently introduced in Superchain.
Let’s talk about Ink, the new Layer 2 of the Kraken cryptocurrency exchange, which has chosen the Superchain Collective environment for its development.
In this context, Optimism will likely reward all those who interact with the network’s various smart contracts and execute different transactions on different days.
🔴🐙 Ink is available online! 🐙🔴L2 @krakenfx, @inkonchain launches on mainnet several months ahead of schedule.
Why is this important to the Superchain concept and what does it mean for Ethereum scaling? 👇 pic.twitter.com/6KXBvvvsDs
— Optimism (@Optimism) December 18, 2024
An additional strategy could be to again focus on other superchains such as Mode, Fraxtal, Base, Zora, Orderly, Lisk, etc.
Definitely worth trying the series bridge transactions across all chains of this hubvia the famous SuperBridge developed by Optimism.
For each Bridge, be sure to transfer a certain number of tokens worth at least $100.
WE ARE ENTERING THE MOST ABUNDANT AND COLLABORATIVE PERIOD OF OUR JOURNEY. WE ARE NATURALLY ATTRACTED TO GROWTH AND INNOVATION. THROUGH SUPERCHAIN OPTIMISM, WE ARE SCALING ETHEREUM AND CONNECTING CHAINS TO CREATE THE OPEN AND FAIR INTERNET WE DESERVE AND DESIRE.
— Optimism (@Optimism) November 27, 2024
Analysis and forecasts for the OP token: is it worth exposing yourself to the risk of this cryptocurrency?
As part of the agricultural effort to qualify for the Optimism airdrop, there is room for thought regarding the price action of the OP token.
In fact, if you are thinking about delegating the OP in the project management section, you should definitely consider that its value may change significantly over time.
Locking up your tokens during a bear market phase can be detrimental to the value of your portfolio. On the contrary, doing this while the market is in a bullish phase can be a wise move that will ensure double the profits.
Watching the graph OP we see how the overall outlook appears positive, suggesting future growth.
Prices are just above the 50 EMA on a weekly basis after recovering from the bullish phase that began in November.
The RSI suggests an equilibrium situation where the bulls are waiting for the next stimulus to make a new move higher.
OP is still very far from its all-time high of $4.8 and hence could still have a lot of room for prices to rise. in the context of a bull market.
We expect it to continue to show positive results in the coming months, taking advantage of the potential growth of BTC and ETH.
Minor negative: In recent months, the token has been underperforming other DeFi coins such as UNI, AAVE, LINK. Layer 2 tokens (such as ARB) have lost some of the speculative appeal that characterized them during previous bull runs.
In any case, the potential profit from OP’s distribution may cover his slightly below-expected performance.