{"id":11418,"date":"2024-03-08T12:16:29","date_gmt":"2024-03-08T10:16:29","guid":{"rendered":"https:\/\/forklog.com\/en\/optimism-foundation-to-sell-89-million-in-op-tokens-to-unknown-buyer\/"},"modified":"2024-03-08T12:16:29","modified_gmt":"2024-03-08T10:16:29","slug":"optimism-foundation-to-sell-89-million-in-op-tokens-to-unknown-buyer","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/optimism-foundation-to-sell-89-million-in-op-tokens-to-unknown-buyer\/","title":{"rendered":"Optimism Foundation to Sell $89 Million in OP Tokens to Unknown Buyer"},"content":{"rendered":"<p>The Optimism Foundation, associated with the Ethereum-based layer-two network Optimism, plans to sell <a href=\"https:\/\/forklog.news\/cryptorium\/chto-takoe-token-upravleniya\/\">~19.5 million governance tokens<\/a> OP (~$89 million) in a private sale to an undisclosed buyer.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"zxx\" dir=\"ltr\"><a href=\"https:\/\/t.co\/vviBFhmKH6\">https:\/\/t.co\/vviBFhmKH6<\/a><\/p>\n<p>\u2014 0xBoboShanti (@0xBoboShanti) <a href=\"https:\/\/twitter.com\/0xBoboShanti\/status\/1765762062926397781?ref_src=twsrc%5Etfw\">March 7, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The terms remain undisclosed.<\/p>\n<p>The tokens will be locked for two years. The buyer will have the right to delegate OP to unaffiliated third parties for governance voting.<\/p>\n<p>According to the announcement, the tokens will be drawn from the undistributed portion of the treasury. They are &#8220;part of the Optimism Foundation&#8217;s working budget, which constitutes 30% of the initial offering.&#8221;<\/p>\n<p>The team has warned of upcoming transactions related to the deal in the coming days.<\/p>\n<p>The initiative has sparked mixed reactions within the community. Notably, Anthony Sassano, founder of Daily Gwei, expressed skepticism.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">I love Optimism and what they&#8217;re building (and I&#8217;m an angel investor in them) but private sales with zero transparency like this just leave a really bad taste in my mouth.<\/p>\n<p>This is not the gwei <a href=\"https:\/\/t.co\/Ic70Fih5ND\">https:\/\/t.co\/Ic70Fih5ND<\/a><\/p>\n<p>\u2014 sassal.eth\/acc ?? (@sassal0x) <a href=\"https:\/\/twitter.com\/sassal0x\/status\/1765896184940658955?ref_src=twsrc%5Etfw\">March 8, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em><em>\u201c<\/em>Private sales with zero transparency like this just leave a really bad taste in my mouth,\u201d<\/em> he noted.<\/p>\n<\/blockquote>\n<p>The reaction from user 0xBoboShanti was sarcastic.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/Optimism?ref_src=twsrc%5Etfw\">@Optimism<\/a> have sold another 19.5m <a href=\"https:\/\/twitter.com\/search?q=%24OP&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$OP<\/a>.<\/p>\n<p>A nice lil $90m or so to strengthen the treasury.<\/p>\n<p>It&#8217;s not dumping if it&#8217;s a private sale.<\/p>\n<p>Right? R\u2026r\u2026r\u2026right? <a href=\"https:\/\/t.co\/di54vKHH0h\">pic.twitter.com\/di54vKHH0h<\/a><\/p>\n<p>\u2014 0xBoboShanti (@0xBoboShanti) <a href=\"https:\/\/twitter.com\/0xBoboShanti\/status\/1765758686452949397?ref_src=twsrc%5Etfw\">March 7, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em><em>\u201c<\/em>It&#8217;s not dumping if it&#8217;s a private sale. Right?\u201d<\/em> wrote the user.<\/p>\n<\/blockquote>\n<p>The news did not impact OP&#8217;s price dynamics. According to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/optimism\">CoinGecko<\/a>, the asset fell by 0.3% over 24 hours.<\/p>\n<p>Earlier in February, the Optimism team <a href=\"https:\/\/forklog.com\/en\/news\/optimism-distributes-39-million-in-op-tokens-via-airdrop\">conducted<\/a> a fourth airdrop to reward NFT creators both within the project&#8217;s ecosystem chains like Base or Zora and in the main Ethereum network.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Optimism Foundation, associated with the Ethereum-based layer-two network Optimism, plans to sell ~19.5 million governance tokens OP (~$89 million) in a private sale to an undisclosed buyer. https:\/\/t.co\/vviBFhmKH6 \u2014 0xBoboShanti (@0xBoboShanti) March 7, 2024 The terms remain undisclosed. The tokens will be locked for two years. The buyer will have the right to delegate [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11417,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1362],"class_list":["post-11418","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-optimism-op"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/11418","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=11418"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/11418\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/11417"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=11418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=11418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=11418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}