Taiko (CRYPTO:TKO), an Ethereum (CRYPTO:ETH) Layer 2 rollup project, will distribute 5% of its 1 billion token supply in a "genesis airdrop" before launching its mainnet.

The airdrop targets community members who interacted with the Taiko testnet, block proposers and provers, contributors to specific GitHub repositories, and Ethereum ICO participants.

Taiko's token distribution includes 48.5% reserved for key stakeholders, with allocations for Taiko Labs, the Taiko Foundation, investors, and the DAO Treasury.

The genesis airdrop tokens will be claimable once Taiko's Layer 2 chain is live. Taiko Labs has raised $22 million to support the development of its Ethereum-equivalent ZK-EVM network.