Is Optimism’s Token Sale Strategy Reshaping Layer-2 Scaling Solutions? 👀
#Optimism , a prominent Ethereum layer-2 scaling solution, has revealed plans to sell 116 million OP tokens to private buyers for treasury management, valued at $159 million.
While concerns arose about market impact, the private nature and the fact that these tokens are sourced from the unallocated treasury portion should mitigate this.
The tokens come with a two-year lock-up period but can be delegated for #governance . This sale aligns with Optimism's original plan and budget. It follows a recent #airdrop to over 31,000 addresses.
Optimism, along with Polygon and Arbitrum, is a leading layer-2 scaling solution in the blockchain industry, with strong transaction activity driven by projects like Coinbase's sandbox and Worldcoin's identity verification initiative.
