Optimism Foundation Closes another Optimism Private Token Deal, securing $90 Million
The Optimism Foundation, notable for its management of the EthereumEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH. More layer-2 blockchainThink of blockchain as a digital ledger that records transactions in a transparent, tamper-proof way. It's a chain of transaction blocks linked chronologically. More dubbed ‘Optimism’, has recently concluded an Optimism private token deal. The transaction entailed a sale of nearly 19.5 million governance tokens, also referred to as Optimism (OP) tokens. The price per token stood at around $4.62, making the aggregate value of the deal approximately $90 million. The Foundation has a history of executing similar sales, with a previous private sale of 116 million OP tokens in September 2023. The recent Optimism private token deal, however, introduces a unique aspect. The deal incorporates a two-year vesting period, preventing the purchaser from reselling the tokens within that period. Yet, the buyer is still granted the ability to utilize the tokens for governance involvement throughout the vesting period, as outlined by the Optimism Foundation.
Not financial advice. Always be safe and secure when dealing with cryptocurrency. Never send anyone your private key. Always Do Your Own Research..DYOR..DYOR..DYOR!
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