Optimism’s Token Sale, Airdrop Updates

Layer 2 system Optimism is conducting a private sale of 116 million OP tokens, valued at approximately $162,4 million each, and will begin distributing the funds as soon as the sale concludes.

“For treasury management purposes, Optimism has begun a private token sale of approximately 116 million OP tokens,” the company stated in a blog post. The tokens were sold to seven separate purchasers.

“The tokens will be unavailable for two years. During the lock-up period, consumers can delegate control of their tokens to unaffiliated third parties to be involved in governance.

Optimism announced at the start of this month that it will be transferring 130 million OP tokens “between wallets for treasury administration.”

Optimism Collective also announced on Monday that it will conduct an airdrop in which 19.4 million OP tokens will be distributed to 31,870 addresses previously participating in delegation activities for its decentralized autonomous organization (DAO) known as Optimism Collective.

According to additional information provided by Optimism, the 162.4 million tokens come from “the unallocated portion of the OP token treasury” and were included in the foundation’s initial operational budget of 30% of the initial supply of OP tokens.

According to the data, the total market capitalization of Optimism’s token exceeds $1.1 billion at present.

In addition, the group announced that tokens would be transmitted today.

It was specified that multiple transactions would need to be sent to the OP. According to Optimism, these are all planned transactions, and we are alerting the community in advance.