Overview

In the rapidly evolving world of blockchain, efficiency and security are critical for scaling ecosystems like Taiko, the first based rollup on Ethereum. With maximum compatibility with Ethereum, Taiko simplifies the developer experience, ensuring no additional reaudits, tooling, or compiling is required. Everything works seamlessly out of the box.

To bolster its ecosystem, Taiko launched the Taiko Grants Program, a milestone-based initiative to empower innovative builders and projects. However, as this program scaled, so did its challenges in token distribution management. This is where TokenOps stepped in to provide a solution that streamlined token vesting operations, reduced overhead, and ensured secure and automated token distributions.

Understanding the Challenges

As Taiko approached the launch of its ecosystem grants program and ecosystem, the team encountered several challenges:

Complex Token Distributions:

After the $TAIKO token lock-up period ended, Taiko needed an automated solution to distribute $TAIKO tokens to stakeholders with a long-term token unlock schedule and progressive vesting. The goal was to enable the Taiko team to maintain full control over the distribution to align incentives for long-term ecosystem success and maintain full transparency and accountability for the community.

Maintaining Treasury Visibility, Control and Community Transparency:

The Taiko ecosystem team sought a tool that provided real-time insights into treasury balances and transaction categorizations. The need was to both reduce the need for manual error-prone processes, as well as maintain transparency and accountability for the Taiko community.

Managing Grant Agreements:

With hundreds of grant agreements tied to milestone-based payouts, Taiko needed a flexible solution that aligned with its unique vesting requirements.

TokenOps’ Tailored Solutions

To address these challenges, TokenOps token distribution platform delivered a suite of solutions designed for scalability, security, and efficiency:

Automated Token Distribution:

TokenOps automated a sizable amount of $TAIKO token distributions, ensuring that vesting and lock-up schedules were accurately followed. With pre-scheduled distributions, the Taiko team could focus on other strategic goals without worrying about business hours or weekend constraints.

Time-based and Milestone-Based Vesting Contracts:

TokenOps enabled Taiko to implement time-based and milestone-based vesting contracts, a crucial feature for managing grants tied to specific KPIs or development milestones. This streamlined grant management and aligned token distributions with tangible progress, while keeping everything on-chain without any centralization points of failure.

Treasury Visibility and Control:

TokenOps provided Taiko with a consolidated, real-time view of its treasury and account balances. This reduced the time spent on manual categorization and improved overall operational efficiency.

Dedicated Client Support:

TokenOps worked closely with Taiko’s team to ensure smooth onboarding and continuous support throughout the process, addressing any challenges that arose during implementation.

The Impact of TokenOps on Taiko

The collaboration between TokenOps and Taiko resulted in transformative outcomes for the ecosystem:

1. Efficient Large-Scale Distribution:
   TokenOps is being used by the Foundation to successfully distribute $TAIKO tokens to key stakeholders in the ecosystem.
   
   

2. Cost Savings:
   By leveraging TokenOps’s pre-built and audited solutions, Taiko saved tens of thousands of dollars between manual operations, smart contract audit costs and ongoing financial operations compliance in audit costs that would have been required for custom vesting contracts.
   
   

3. Improved Operational Efficiency:
   Automated processes reduced manual overhead, allowing Taiko’s team to focus on strategic initiatives like onboarding builders and expanding the ecosystem.
   
   

4. Seamless Grant Management:
   The milestone-based vesting contracts provided transparency and accountability, ensuring that grants were aligned with tangible progress.
   
   

5. Wider ecosystem benefit: 
   Enabling TokenOps and Sablier on Taiko L2 offers all builders and token issuers on Taiko a cost-effective platform for token vesting and airdrops, which fosters the growth of Taiko’s adoption. 

Through this partnership, TokenOps proved to be more than just a service provider—it became a strategic partner for Taiko, enabling the ecosystem to scale while maintaining control, compliance, and efficiency.

"TokenOps’s solutions provided the efficiency needed. Their milestone-based vesting contracts and treasury tools were a game-changer, allowing us to focus on growing the Taiko ecosystem without getting bogged down in manual processes. We are glad to have TokenOps platform available for any token issuers on our chain" 

said — [Taiko Grant Committee].

“We strive to give the best tooling and enablers for builders on Taiko. We are glad to partner with TokenOps to offer a best-in-class on-chain financial and token operations platform to any token issuers on our Layer 2". 

added Ben Wan, Taiko’s Chief Community Officer.

“Working with the Taiko team and ecosystem is a privilege. The team is extremely focused and responsive, supporting its community in any way possible”

affirmed Fabio Mancini, TokenOps co-founder.  

Ready to streamline your token vesting and operations? Discover how TokenOps can simplify your token management processes, whether you’re managing grants, investor lock-ups, or complex vesting schedules.

Contact us to explore our solutions today!