Try Quests to earn cryptoOptimism ($OP) airdrop
What is OPTIMISM?
Optimism is a Layer 2 chain for the Ethereum Network. Layer 2 is a secondary framework built on a main chain to solve scaling and transaction speed issues.
What is $OP ?
$OP is a OPTIMISM Network Governance token. It is launched as a part of the “Optimism Collective" initiative to build a publicly- governed crypto network to achieve profitability.
Each $OP holders wields voting power and are responsible for directing the future of Optimism. Users can choose to vote their vote directly or delegate their voting power to a 3rd party.
What is an Airdrop?
An Airdrop is a distribution of crypto tokens ( usually for free) for a certain group of address based on certain parameters. For example, BAYC holders are airdropped $APE tokens, or Users who are actively using ParaSwap, receives $PSP airdrop.
$OP airdrops are granted to Early adopter, frequent Optimism users, DAO Voters etc. Read more on Airdrop Allocation here.
There are 148.8 K Unique address that has had claimed $OP Airdrop
A Total of 158.7 M $OP tokens has been claimed via Airdrop
How many of Airdrop Claimer, delegates their OP?
It is found that about 64% of Airdrop Claimers, delegated their $OP tokens.
This suggests the majority airdrop claimers are still interested in governance, instead of dumping all of their $OP token right away.
The Airdrop claimers still dedicate a part of their $OP to vote delegations.
Which Delegate are the most Popular ( among Airdrop Claimers)?
lindjxie.eth is the yields the most unique (first time) delegators among Airdrop Claimers. She`s the co-Founder of Scalar Capital and has held multiple portfolios in the crypto industry.
The 2nd most popular delegate is Quixotic. Quixotic is Optimism - based NFT Marketplace. It is essentially the Opensea of Optimism. The high delegator count for this address may suggest users are anticipating Quixotic Governance token airdrop for delegators. This is common move in the crypto ecosystem.
What is delegations?
Delegation is a mechanism to entrust your voting power to a 3rd party, to vote on behalf of you. Users that delegates their voting power are called Delegators. Beneficiary of delegations are called delegates. This is a useful mechanism to allow users that want to participate in voting but may not have the understanding or actively voting each proposal. So, with this function, $OP holders can delegate their voting power to entities that is most aligned with their vision
How many address are still Holding their $OP airdrops?
This part will define “Holding their airdrop “ as not swapping out their $OP token to other asset.
This is because, if the $OP token are transferred via delegations, the address still owns the $OP tokens i.e holding it .
It is found that majority of $OP airdrop recipient held their $OP token. 25% of the airdrop recipient dumps their $OP airdrop( dumped more than 90% of airdrop received) . Only 16.7% of them swapped out part of the $OP airdrop ( dumped less than 90% of airdrop).
Findings
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150 K unique address has benefited from the $OP airdrop
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About 160 M $OP has been emitted to airdrop recipient
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About 60 % of airdrop recipient held on to their airdrop
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16.7% of airdrop recipient sold less than 90% of their $OP
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25% of airdrop recipient sold more than 90% of their $OP
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About 64% of airdrop recipient delegated their $OP, while the remaining never delegated their $OP
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The most popular delegate among $OP airdrop recipient is lindajxie.eth, an individual with extensive experience in Crypto industry and managing a crypto fund.
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The 2nd most popular delegate among $OP airdrop recipient is Quixotic, which is NFT marketplace based on Optimism blockchain. This may due to anticipation of Quixotic token airdrop.( Speculation)
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The $OP price action has dropped significantly since its inception date. This is common for airdropped token as recipient tend to swap it for other asset
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The $OP price volatility imitates BTC price,