Taiko ($TKO) Token Airdrop Guide: Confirmed Strategy on Alpha Testnet

Taiko is a ZK-EVM scaling solution for Ethereum, similar to zkSync and StarkNet. They recently launched their Alpha Testnet and confirmed a token launch, which means early users can potentially earn huge airdrop rewards. In this article, we will explain what Taiko is and how to position yourself for the $TKO airdrop.

Taiko ($TKO) Airdrop Step-by-Step Guide

Here’s a step-by-step guide on how to get a potential Taiko ($TKO) token airdrop:

  1. Add Taiko Network to MetaMask
  2. Claim Faucet Tokens
  3. Bridge Testnet Tokens
  4. Deploy a Smart Contract to Taiko A1
  5. Run a Node on Taiko

See below for more details.

What is Taiko?

Taiko is an Ethereum-equivalent ZK-Rollup that scales Ethereum by emulating it as closely as possible, both technically and non-technically. It supports all EVM opcodes in a decentralized, permissionless, and secure layer-2 architecture. Here’s what they have to offer:

Ethereum is a global, neutral settlement layer that provides strong digital ownership rights and enables fluid value movement. However, Ethereum needs to be scalable to fully realize its potential, which is where rollups come in as the most promising solution. Taiko aims to be a fully Ethereum-equivalent ZK-Rollup to scale Ethereum while preserving its technical and principles level.

Technical Overview of Type-1 ZK-EVM

Ethereum-equivalent ZK-Rollups, also known as ZK-EVMs, are the ideal layer-2 scaling solution as they do not sacrifice security or compatibility. Taiko aims to be a type-1 ZK-EVM, putting perfect EVM/Ethereum equivalence over ZK proof generation speed.

The various types of ZK-EVMs can be distinguished by how closely they adhere to Ethereum’s architecture at the base layer, such as the Merkle Patricia Tree for the state trees, the execution client specification, and the gas costs for each opcode.

Different types of ZK-EVMs (Source: Taiko Labs)

These ZK-EVMs make compromises between compatibility and proof generation cost, with Type 1 ZK-EVMs prioritizing compatibility over cost. This type is also known as “Ethereum-equivalent” because it does not alter any aspect of the Ethereum architecture, including the hash function, state trees, and gas costs. This allows existing execution clients to be reused with minimal modifications.

Who is the Team behind Taiko?

Taiko Labs is co-founded by Daniel Wang, the founder and former CEO of Loopring — an EVM DEX protocol powered and scaled by zero-knowledge proof technology. In July 2022, Wang brought in Brecht Devos, his former Chief Architect at Loopring, to lead the project’s zero-knowledge research and development team. As of now, the company has more than twenty people across thirteen countries with most people having an engineering and cryptography background.

Does Taiko have a Token?

Yes, Taiko Labs confirmed it in their white paper that they will have a Taiko Token ($TKO). The protocol mints $TKO to reward block verifiers. The token is transparent to L2 users, providing a seamless user experience equivalent to that on the Ethereum chain.

Users will pay transaction fees in ETH, and block proposers will receive these fees for each block they successfully propose. In return, block proposers must burn a certain amount of $TKO to participate in the protocol, and pay ETH to Ethereum validators for block inclusion in L1 blocks.

Taiko Alpha-1 Testnet – Confirmed Airdrop Strategy

Taiko launched their Alpha-1 Testnet in late December 2022. It consists of two networks: Taiko A1, a fully decentralized Ethereum-equivalent ZK-Rollup, and Ethereum A1, the latter serving as the L1 network. The testnet includes L1 and L2 nodes with the Taiko protocol contracts deployed and a mining interval of 12 seconds. In their user document, Taiko has a guide for what users can do in the testnet, which strongly hints at a potential airdrop strategy.

How to Receive Potential $TKO Airdrop?

The best way to receive $TKO airdrop is to bridge tokens between Ethereum A1 and Taiko A1, deploy smart contracts, and run a node. Completing these steps puts you in a great position to be eligible for an airdrop. Here’s a step-by-step guide:

  1. Add Taiko Network to MetaMask

    You can automatically add Taiko A1 and Ethereum A2 to your MetaMask at their wallet configuration page. If it doesn’t work, you can instead manually add the networks at their RPC configuration page.

  2. Claim Faucet Tokens

    After adding the network to your MetaMask, you will need testnet tokens to interact with their protocol. Go to l1faucet.a1.taiko.xyz for Ethereum A1 ETH, and l2faucet.a1.taiko.xyz for Taiko A1 ETH. You will need to make a Tweet and put your wallet address in the post. Copy your Tweet’s link and paste on the request box as shown in the image below. This is to prevent bots from abusing the faucet.

  3. Bridge Testnet Tokens

    Now you can use the bridge to transfer assets between Ethereum A1 and Taiko A1. As a prerequisite, you will need some testnet ETH on either A1 networks. Some transfers may take a while, but you can check your transactions in their bridge contracts.

  4. Deploy a Smart Contract to Taiko A1

    You will need to install Foundry to deploy a smart contract on Taiko A1. You only need to have the private key to an account that has some ETH on Taiko A1 to pay the small transaction fee for deploying the contract. It should only take about 15 minutes. Taiko has a complete guide on this here.

  5. Run a Node on Taiko

    According to the team, this is the most important part of the testnet, as Taiko is a community-driven protocol. This step alone has the highest chance to get you qualified for a potential airdrop. The complete guide is on their user document. But if you are still confused, a contributor on their Discord channel posted a detailed guide on setting up a node for windows.

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Ronal is a Senior China Blockchain Correspondant who has been covering the Chinese blockchain industry since its inception. He has written extensively on the subject, and his work has been featured in some of the world’s leading publications. Ronal is an expert on the Chinese blockchain market and has a deep understanding of the technology and its potential applications.