Optimism has been distributing rewards to its community through airdrops, with a total of 250 million OP tokens already distributed in the first five rounds. The upcoming 6th round will distribute the remaining 550 million OP tokens, worth $1.18 billion. Users who have actively participated in the Optimism network have been eligible for these rewards, with different criteria for each round.
To position yourself for the 6th round of rewards, users can take certain actions to increase their chances of eligibility. This includes purchasing OP tokens, delegating voting power, interacting with the Superchain, and using the SuperBridge to transfer tokens across different chains. The recent introduction of Ink, a layer-2 solution by Kraken, provides additional opportunities for users to earn rewards through interactions with the Superchain.
While participating in the Optimism airdrop can provide opportunities to earn rewards, it is important to consider the price action of the OP token. Locking tokens during a bear market may result in losses, while doing so during a bull market could lead to gains. The OP token has shown positive price performance, with room for growth in a bullish market context. However, it has underperformed compared to other DeFi tokens in recent months.
Overall, participating in the Optimism airdrop and holding OP tokens can potentially offer positive returns for users. By following the specified actions and monitoring the price action of the OP token, users can position themselves to benefit from the upcoming 6th round of rewards. As Optimism continues to distribute tokens to its community, it presents an opportunity for users to earn rewards and contribute to the growth of the project.
