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Optimism: Approximately 19.5 million OP tokens have been sold to private investors

Optimism: Approximately 19.5 million OP tokens have been sold to private investors

2024/03/08 06:50

On March 8th, according to an official announcement from Optimism, Optimism has conducted a private token sale of approximately 19.5 million OP tokens (about $89 million). These tokens have a two-year lock-up period during which buyers can delegate the tokens to unrelated third parties for governance participation. Optimism also stated that these tokens come from the undistributed portion of the OP token treasury and are part of the foundation's original operational budget, accounting for 30% of the initial supply; starting today, there will be multiple OP transactions aimed at informing the community in advance that these are planned transactions.

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