{"id":162849,"date":"2024-03-08T13:03:27","date_gmt":"2024-03-08T13:03:27","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=162849"},"modified":"2024-03-08T13:03:30","modified_gmt":"2024-03-08T13:03:30","slug":"optimism-foundation-sells-19-5-million-op-tokens-to-mystery-buyer-from-treasury-reserves","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/optimism-foundation-sells-19-5-million-op-tokens-to-mystery-buyer-from-treasury-reserves\/","title":{"rendered":"Optimism Foundation Sells 19.5 Million OP Tokens to Mystery Buyer from Treasury Reserves"},"content":{"rendered":"<p style=\"text-align: justify\" data-sourcepos=\"3:1-3:22\">TL;DR<\/p>\n<ul style=\"text-align: justify\" data-sourcepos=\"5:1-8:0\">\n<li data-sourcepos=\"5:1-5:135\">Optimism Foundation <strong>has sold 19.5 million OP tokens to an undisclosed buyer for $89 million<\/strong>. The tokens will be <strong>locked for two years<\/strong>.<\/li>\n<li data-sourcepos=\"6:1-6:112\">The sale <strong>could have a positive impact on the OP token price in the long term<\/strong> by reducing the available supply.<\/li>\n<li data-sourcepos=\"7:1-8:0\">There are<strong> concerns about the potential centralization of the network<\/strong> due to the large amount of OP tokens now owned by the undisclosed buyer.<br \/>\n<hr \/>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\" data-sourcepos=\"13:1-13:269\"><strong>The <a href=\"https:\/\/crypto-economy.com\/optimism\/\" target=\"_blank\" rel=\"noopener\">Optimism<\/a> Foundation, responsible for the development and maintenance of the Optimism network, has <a href=\"https:\/\/gov.optimism.io\/t\/token-sale-march-2024\/7760\" target=\"_blank\" rel=\"noopener\">sold<\/a> 19.5 million OP tokens to an undisclosed buyer for $89 million<\/strong>. The sale was conducted through a private transaction, and the tokens will be locked for two years.<!--more--><\/p>\n<p style=\"text-align: justify\" data-sourcepos=\"15:1-15:293\">The OP tokens sold come from the <strong>unallocated portion of the OP token fund<\/strong>, <strong>which was originally set aside for the foundation&#8217;s operating budget<\/strong>. This sale represents a significant portion of the total OP tokens in circulation, which is <strong>currently 1 billion, with a total supply of 4.29 billion.<\/strong><\/p>\n<p style=\"text-align: justify\" data-sourcepos=\"17:1-17:273\">Optimism is a layer 2 scaling solution for <a href=\"https:\/\/crypto-economy.com\/best-ethereum-wallets\/\" target=\"_blank\" rel=\"noopener\">Ethereum<\/a> that uses a technique called &#8220;Optimistic Rollups&#8221; to <strong>increase throughput and reduce transaction fees<\/strong>. The OP network has experienced rapid growth in recent months,<strong> with a total value locked (TVL) of over $1.5 billion.<\/strong><\/p>\n<p data-sourcepos=\"17:1-17:273\"><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-79846\" src=\"https:\/\/crypto-economy.com\/es\/\/wp-content\/uploads\/sites\/4\/2024\/03\/optimism-post.jpg\" alt=\"optimism post\" width=\"825\" height=\"300\" \/><\/p>\n<h2 style=\"text-align: justify\" data-sourcepos=\"19:1-19:37\">Optimism Prepares Staking Program<\/h2>\n<p style=\"text-align: justify\" data-sourcepos=\"21:1-21:210\">The sale of OP tokens by the Foundation could have a positive impact on the token price in the long term.<strong> By reducing the available supply of OP tokens, the sale could increase demand and, therefore, the price.<\/strong><\/p>\n<p style=\"text-align: justify\" data-sourcepos=\"23:1-23:250\">However,<strong> some analysts have expressed concerns about the potential centralization of the network as a result of the sale<\/strong>. The undisclosed buyer now owns a large amount of OP tokens, which gives them <strong>significant power in the network&#8217;s decision-making.<\/strong><\/p>\n<p style=\"text-align: justify\" data-sourcepos=\"25:1-25:308\">Overall, the sale of OP tokens by the Foundation is a significant development for the network. <strong>The sale will provide the foundation with the resources needed to continue developing and expanding the OP network.<\/strong> However, the potential centralization of the network is a concern that needs to be addressed.<\/p>\n<p style=\"text-align: justify\" data-sourcepos=\"27:1-27:391\">In addition to the token sale, the Foundation has also announced plans to<strong> launch a staking program for OP token<\/strong>s. The staking program will allow users to earn rewards by delegating their OP tokens to the network. The launch of the staking program is another important step for the network. <strong>The program will help to increase the security of the network and incentivize user participation.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Optimism Foundation has sold 19.5 million OP tokens to an undisclosed buyer for $89 million. The tokens will be locked for two years. The sale could have a positive impact on the OP token price in the long term by reducing the available supply. There are concerns about the potential centralization of the network &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Optimism Foundation Sells 19.5 Million OP Tokens to Mystery Buyer from Treasury Reserves\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/optimism-foundation-sells-19-5-million-op-tokens-to-mystery-buyer-from-treasury-reserves\/#more-162849\" aria-label=\"More on Optimism Foundation Sells 19.5 Million OP Tokens to Mystery Buyer from Treasury Reserves\">Read more<\/a><\/p>\n","protected":false},"author":34,"featured_media":162853,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102,84,74],"tags":[4620,4656,4679,5469,5269],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/162849"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=162849"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/162849\/revisions"}],"predecessor-version":[{"id":162854,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/162849\/revisions\/162854"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/162853"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=162849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=162849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=162849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}