Optimism to Sell $159m in OP Tokens to Private Buyers!

Creator: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since a few years. He has earlier buying and selling expertise and has been working within the Fintech business since 2017.

Sep 21, 2023 11:36

Optimism, a layer-2 scaling answer for Ethereum, has revealed plans to promote 116 million OP tokens to seven personal patrons for treasury administration functions, value $159 million at present costs. Nevertheless, the sale is unlikely to have a cloth affect on the worth of OP tokens, as they’re being sourced from the unallocated portion of the OP token treasury and are topic to a two-year lock-up interval. This additionally means patrons are unable to promote them in secondary markets however can delegate them to 3rd events for governance functions. The sale comes shortly after Optimism’s third airdrop of 19.4 million OP tokens.