jakiro
Author: flowie, ChainCatcher
In the early morning of May 23, Taiko announced the airdrop query page and the TKO token economic model, but because the airdrop is far lower than expected and the airdrop rules are opaque, Taiko has been questioned by many community users.
It was not new to be scolded for airdrop problems, but Taiko United Chuang and CEO Daniel Wang’s tough speech completely ignited the anger of community users and pushed himself to the forefront.
王东先是在X上发文称，“为了避免不必要的争论，我们不会透露详细的TKO 创世空投规则。我们的目标是公平，但无法满足所有人。恭喜那些收到TKO 的人，向Those who did not receive it apologize.”
Not long after, as there were more and more doubts and even insults on the X platform, Wang Dong seemed to be angry and spoke again on Discord:
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There is zero tolerance for any related abusive words;
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Taiko is a partner of Galaxy, not a working relationship, and is not a reference for Galaxy rankings. The weight of participating in Taiko-related activities on Galaxy is not large;
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If you don’t get the airdrop, it’s because others score more points;
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Rules are opaque because transparency cannot resolve differences, and they are highly subjective in the definition of “fairness”.
As soon as these words were spoken, Taiko was completely trapped in a whirlpool of public opinion.Some users complained that “this is the worst public relations response I have ever seen”, and some users called on major exchanges to firmly resist such opaque encryption projects.
Taiko: Ethereum Layer2, born with a golden key
Taiko has attracted much attention since its establishment in early 2022 because its core team is almost the original team of the well-known Ethereum Layer 2 ZK-Rollup protocol Loopring.
Taiko’s three Lianchuang Wang Dong, Brecht Devos, and Matthew Finestone all come from the Loopring team.
Taiko co-founder and CEO Wang Dong (English name Daniel Wang), who spoke in the community this time, is also the founder of Loopring.
Loopring是第一个部署在以太坊上的ZK-Rollup，2020年Loopring上市 Coinbase ，成为首个上市Coinbase 的中国项目，后续还上线了币安、OKX等交易所，一时间风光无两。
Before joining Web3, Wang Dong also served as the technical director of ZhongAn Insurance and JD.com, Google’s technical director and senior software engineer, and participated in the establishment of Yunrang Technology, Coinport, etc.
With a comprehensive background such as traditional Web2 major manufacturers, serial entrepreneurs, Web2+Web3, etc., and has already founded good Web3 projects, Wang Dong can be said to be the most favored founder of investors.
After its establishment, Taiko quickly attracted investment from a large number of well-known investment institutions.
据RootData 数据显示，Taiko 成立2年左右的时间里，累计获得了3700万美元融资，投资方既有红杉中国、云启资本、BAI资本、GGV Capital等传统投资机构，也有OKX Ventures、GSR、Participation of well-known exchanges or market makers such as Wintermute, as well as crypto-native capital such as Hash Global, IOSG Ventures, and Generative Ventures.
Taiko is a Type-1 type zk-EVM (reference article: “Vitalik: The Future of Different Types of ZK-EVMs”), that is, a completely decentralized, equivalent to Ethereum-based ZK-Rollup.
The zkEVM that Taiko wants to build was originally part of what Loopring needs to do, but during the development stage, Wang Dong and his team believed that Loopring is an application-specific extension, while Taiko wants to build a general extension, which will cause huge chaos., So Taiko developed independently from Loopring.
Why did Taiko airdrops cause dissatisfaction?
On December 27, 2022, Taiko released the first public test network, Alpha-1 test network.In January this year, Taiko announced the launch of its sixth test network, the final test network Katla.
In a year and a half, Taiko released a total of 6 test networks, and there were many Galaxy missions during this period.
Although the time period is long and there are many tasks that need to be participated in, Taiko has always been a key project of the “Hair-Boossing Party” with high expectations for it.
According to official data disclosed by Taiko in February, after the release of the Sixth Test Network, Taiko has more than 1.1 million independent wallets, more than 30,000 decentralization proposals and more than 14,000 decentralization validators, which shows how enthusiastic users are in the process of participating.
Currently, according to Taiko official news, the total supply of TKO is 1 billion, and Chuangshi airdrop accounts for 5%, mainly airdrops to Taiko users and the Loopring community.
However, after the airdrop of this test network phase was announced, some users found that although they participated in multiple test network and Galaxy missions, they finally had a complete run with the account airdrop of 0.Although some users also received some airdrops, the number seems to be much lower than expected.
For community users, what is more dissatisfied than spending a lot of time interacting but having zero gains is that they don’t know where “death” is?The opacity of Taiko airdrop rules has aroused community doubts.
Task points on the Galxe Galaxy platform record user interaction behavior and have been regarded as an estimated credential of roughly-scale airdrops.
However, some community users said that the airdrop results of different accounts with the same Galaxy score are very different.In addition, the project party did not announce the detailed conditions for the witch and the snapshot, so there is reason to question that it was the project party’s rat dealer.
In this regard, Wang Dong emphasized in discord.Taiko is a partner of Galaxy, not a working relationship, and is not a reference for Galaxy rankings, and the weight of participating in Taiko-related activities on Galaxy is not large.
For participating users, since the Galaxy mission is not very powerful, why does Taiko continue to release a large number of Galaxy missions to guide users to participate?
After the release of the token airdrop, Taiko still releases new tasks in the Galaxy. Will there be users involved in these tasks?
The airdrop has not yet ended, will Taiko’s reputation still reverse?
Every time the project party drops, some people are happy and some are worried. It is not new to scold the project party because the airdrop is not as expected.
Although many users have zero airdrops this time, many users have also obtained good returns.
Taiko has also released airdrop-related data, which says 300,000 addresses have claimed more than 50 million tokens.Some of the users received TKO tokens ranging from 3,000 to 9,000. If estimated based on the current AEVO premarket off-market price of US$5, the value they received is about US$15,000-45,000.
Airdrops in the test network stage are generally just appetizers, and Taiko said there are 10% of the tokens for subsequent airdrops.
In March, Taiko said that the main network will be launched within three months after the upgrade of Cancun.The main network is imminent. After experiencing the first airdrop, will Taiko learn lessons and win a reputation reversal?
