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The developers of Optimism announced the upcoming airdrop in the second quarter. The native OP token will be part of the project management structure of the Ethereum L2
The developers of Optimism announced the upcoming airdrop in the second quarter. The native OP token will be part of the project management structure of the Ethereum L2 scaling solution.
Scaling technology alone is not enough. If we want to scale our networks, we must scale our values alongside them.
In pursuit of this mission, we are excited to announce the Optimism Collectivehttps://t.co/0TVwdhkgPv
— Optimism (
_
) (@optimismPBC) April 26, 2022
The initiative aims to “scale values” in addition to network scaling.
As the basis of the governance structure, the “collective” (The Optimism Collective) will be chosen – a group of communities, companies and citizens united by a mutually beneficial agreement to adhere to the axiom “impact = profit”.
The team will create two rooms – tokens (Token House) and citizens (Citizens House).
Participants in the first will focus on solving project growth issues such as protocol upgrades, project incentives, and reserve management. OP holders will vote on proposals. The Citizens’ House will finance the interests of the community.
The competencies of the whole team are the issues of granting “citizenship” in the form of non-transferable NFTs and setting protocol parameters.
The official release date for the OP will be announced “soon”. The project team promised “many airdrops”.
Participants of the first round will be OP Bridge users until June 23, 2021, and those who repeatedly interact with ecosystem projects between June 23, 2021 and March 25, 2022.
Five additional criteria were identified. If you match a few, bonuses in the form of coins are provided. In total, the OP will be distributed to 264,079 addresses.
In four years, the OP emission will reach 4.29 billion coins. Within the scope of the airdrop, 19% of the total supply will be distributed and 25% will be sent to the ecosystem fund. Developers and investors will receive OPs in the second to fourth year of the token issuance.
In the first phase, the team will be led by the Optimism Foundation, which includes the project’s two founders, Ben Jones and jinglejamOP, as well as Maker Foundation General Counsel Brian Avello and The Graph Foundation CEO Eva Beilin. Over time, the group will transfer control of the project to the community.
Recall that the Optimism team raised $150 million in March 2022 at a valuation of $1.65 billion.
Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
