$OP OP Coin, also known as Optimism Coin, is the native governance token of the Optimism network, primarily used for governance of the protocol. Here are some key information about OP Coin:
• Project Overview:
• Optimism is a low-cost, lightning-fast Ethereum Layer 2 blockchain aimed at alleviating the load on the Ethereum network by reducing transaction costs and increasing throughput by moving transactions from the main chain to the Layer 2 chain.
• The Optimism Foundation is a non-profit organization dedicated to the development of the Optimism Collective, promoting the development of Ethereum Virtual Machine (EVM) compatible Optimistic Rollup solutions.
• Technical Features:
• Optimism utilizes Optimistic Rollups technology, a "positive, optimistic" blockchain technology that ensures the security of transactions through fraud proofs.
• Anyone can publish a Rollup block, which includes a declaration of the correct outcome of a transaction execution, and other nodes can challenge it, with effective dispute protocols resolving disagreements.
• Token Economics:
• The initial total supply of OP Coin is 4,294,967,296 tokens, with an annual inflation rate of 2%. In the first year, 30% of the initial token supply will be allocated to the foundation for distribution, and thereafter token holders will vote to determine the annual OP allocation budget for the foundation.
• OP token distribution includes an ecosystem fund (25%) and retroactive public goods funding (20%).
• Market Performance:
• As of November 18, 2024, the OP price has exceeded $1.8095/token, with a daily increase of 3.02%, and trading volume reaching $385 million.
• The performance of OP tokens has been outstanding, with an increase of up to 227% since the beginning of 2023, bringing the total market capitalization to $13 billion.
• Use Cases:
• OP Coin is used for community governance, voting rights, and allocation of project incentives.
• Investment Prospects:
• Given the characteristics of OP Coin, such as decentralization, anonymity, and security, along with the strong support and user base of the Optimism platform, OP Coin has broad prospects in the investment field.
