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Taiko L2 Network: Potential TKO Token Airdrop Guide

4.0
| by
CJ
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Taiko Potential Airdrop Testnet Interactions

To improve your chances of scoring a potential Taiko (TKO) airdrop, you can participate in their protocol usability tests by interacting with their testnet.


Key Takeaways

  • Taiko aims to scale Ethereum using a decentralized Zero-Knowledge Execution Environment (ZK-EVM) and aims to solve the blockchain trilemma problem.

  • Taiko has been doing testnets, with the current Alpha-3 testnet being the third.

  • Taiko Labs confirmed they will have a Taiko Token TKO to reward block verifiers.


Taiko Testnet Interactions for potential airdrop

What Is Taiko?

Taiko is creating a decentralized, Ethereum-compatible Zero Knowledge Execution Environment (Type 1 ZK-EVM). Their objective is to scale Ethereum in a way that closely mirrors its original technological and ideological principles. Having secured $22 million through two investment rounds, Taiko recently introduced their most advanced testnet, known as Alpha-3 or Grímsvötn. This new testnet is a pivotal development in their quest to establish a decentralized ZK-EVM that is akin to Ethereum, fulfilling their vision of "develop once, deploy everywhere" as a principle for Ethereum's future. 

The Alpha-3 testnet serves as a crucial platform for evaluating the network's architecture and components. Its primary function is to assess the financial mechanics and integration of new protocols, including novel fee and incentive systems.

Taiko Network Token: TKO

Taiko Labs has indicated in their white paper the introduction of a Taiko Token (TKO) designed to reward block verifiers. Users transacting on this Layer 2 will find the token transparent, ensuring a user experience akin to that on the Ethereum network. Users will pay transaction fees in ETH, and those fees will be collected by block proposers. Block proposers must also burn a certain amount of TKO tokens and pay Ethereum validators in ETH to get their blocks included on the Layer 1 network.

While a TKO token is confirmed, the team has not confirmed any details around a potential airdrop. However, with multiple testnets and interactions designed to test the usability of the protocol, a potential airdrop seems likely.

Taiko Testnet Overview

Taiko has been doing testnets to test their systems since December 2022 when they launched their first testnet. It comprised two networks: Taiko A1, a fully decentralized ZK-Rollup, and Ethereum A1, serving as the L1 network, and the focus was on permissionless proposers. Their second testnet, Alpha-2, focused on having permissionless provers. 

They are now on their third testnet, Alpha-3, which focuses on decentralization by testing how proposers and provers interact with each other and with the protocol, driven only by protocol economic incentives, as well as inception layers, which involve deploying Taiko on top of Taiko as an L3. 

Taiko Potential Airdrop: Interacting with Taiko’s Alpha-3 Testnet

Following the steps below can improve your eligibility for receiving the TKO airdrop. 

  1. Add Sepolia Network and Taiko's Alpha-3 Testnet to your MetaMask.

  2. Get Sepolia ETH from faucets. 

  3. Go to the Taiko Faucet, connect your wallet, and mint Bull and Horse tokens and add these tokens to your MetaMask with these addresses
    Mint test tokens on Taiko Testnet

  4. Bridge ETH, BLL, and HORSE from Sepolia to Taiko, if the transaction fails, try again (I tried about 10 times for BLL).
    Bridge tokens from sepolia to taiko

  5. After bridging, click on the ‘Transactions’ tab to claim your tokens
    Claim bridged tokens

  6. Go to Taiko’s Swap Test, import Taiko’s list of tokens, and swap and pool some tokens.

  7. For those who have a bit of developer experience, you can also Deploy and Verify a contract, or even build a dApp by following this guide.

  8. Visit Taiko's Galxe page and complete other tasks like transferring or swapping funds, visiting pages, or answering quizzes. You'll be able to earn points, which may potentially translate to other rewards.

By following these steps, you'll increase your chances of getting a potential TKO airdrop when Taiko launches its mainnet. 

Conclusion

In the fight to strike a balance between the blockchain's trilemma of decentralization, security, and scalability, Taiko has developed a Layer 2 blockchain protocol that not only matches but also improves Ethereum's capabilities by utilizing Zero-Knowledge Ethereum Virtual Machine (ZK-EVM) and ZK rollups. Full Ethereum compatibility, which enables the seamless deployment of pre-existing dApps, is one of its core competencies. Taiko's ZK-Rollup technology also adds a new level of speed and scalability.

In addition to its technological capabilities, Taiko promotes an open-source culture and releases the majority of its code under the MIT license in an effort to promote innovation and transparency. The network's new financial mechanisms and architectural integrity are being tested on the live alpha testnets. Taiko has even provided detailed instructions on how to interact with the testnet in order to encourage as many users as possible to participate in these testnets. This has paved the way for a potential TKO token airdrop, which is expected to increase community engagement even further.

Given these developments and its adherence to Ethereum's core principles, Taiko is in a strong position to have a significant influence on the course that blockchains take in the future.

 

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CJ
CJ
CJ is a business graduate that has been involved in crypto for 4 years and specializes in DeFi protocols. He is also interested in TradFi becoming DeFi, and has written for ByBit, SwitcheoLabs, and others. Follow the author on Twitter @fishmarketacad

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