OPTIMISM CRYPTO PROFESSIONAL

19% will be airdropped to eligible members.

25%will be reserved as ecosystem funds, including governance, partner, seed, and unallocated funds.

20% will be used for retroactive public goods funding.

The total supply of OP will be 4,294,967,296 tokens, which are distributed to the following categories. The layer-two protocol noted that more than 250,000 addresses are eligible for the Airdrop #1 going live in Q2, and the second will be announced in the coming weeks. “These two houses will help direct the revenue generated from the Optimism L2 to efforts that promote public goods and help grow the collective.”Īlso, unlike other protocols that do one-time airdrops, Optimism will allocate a whole season for such events. Meanwhile, the Citizen house will facilitate a process aimed at distributing retroactive public goods funding generated from network revenue.Īn Optimism-native “citizenship” – in the form of NFTs – will also be granted to committee members. The Token House, in which OP functions as the governance and incentive token, is responsible for protocol upgrades, network parameters, treasury funds, and project incentives. Optimism’s New Governance BodyĪccording to the official blog post, the Collective’s bicameral governance system “aims to avoid governance pitfalls experienced by other models on Ethereum today.” To achieve such a goal, the initiative is divided into two houses, each focusing on different areas of governance. Early users of the network will be granted the opportunity to receive OP airdrops in Q2, 2022, which accounts for 5% of the asset’s total supply. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.Ethereum’s layer-two scaling solution Optimism introduced its new governance token OP for the Token House – one of the two hubs constituting the protocol’s new governance system, Optimism Collective. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete or appropriate for your needs.

OPTIMISM CRYPTO PROFESSIONAL

Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.

The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. The Optimism platform supports at least 30 different projects: Synthetix, Uniswap, Perpetual Network and Stargate Finance.Īlso Read: Zilliqa (ZIL) crypto soars amid rising market. Optimism is a layer-2 scaling solution for the Ethereum blockchain and uses Optimistic Rollups to execute a large number of transactions. There is no confirmation from the project of any plans to launch the Optimism crypto and interested investors will have to wait for the event to happen if any plan exists. However, the Optimism crypto does not exist at the moment.Ĭoinbase's page does not mention any price data of Optimism crypto, but the users can access the page. In addition, Coinbase, one of the largest cryptocurrency exchanges in the world, has added a price page for Optimism crypto. However, more than the progress update, people have been left wondering about a particular statement made on Twitter along with the progress update.Īt the bottom of its tweet, the blockchain project said that 'A new chapter is near', and that has given rise to speculations that Optimism could be looking to launch or airdrop its native cryptocurrency. Also, the project has secured US$ 900 million in value.Īlso Read: What is Dallas Cowboys crypto? All you need to knowĪfter the announcement, it appears that crypto enthusiasts are taking an interest in Optimism.

Optimism said that it had attracted more than 300,000 unique crypto addresses since its inception, and it has generated revenues amounting to US$ 24.5 million. Optimism claims to have facilitated transactions amounting to US$ 17.4 billion. The project announced on April 19 that it has saved US$ 1.1 billion in gas fees since the project was launched. However, it has garnered massive attention in the past two days after issuing a progress update. The Optimism layer 2 blockchain was launched last year.