Optimism: Has Conducted the Sale of 116 Million OP Tokens Valued at $162.4 Million to Seven Buyers.

OPtimism has released a statement indicating that they have conducted a private token sale of 1.16 billion OP tokens, equivalent to approximately $162.4 million, distributed among seven purchasers for the purposes of fund management. These tokens come with a two-year lock-up period during which buyers can delegate the tokens to unrelated third parties for governance participation.

Optimism also mentioned that these tokens are sourced from the unallocated portion of the OP token treasury and are part of the original operational budget of the foundation, constituting 30% of the initial supply. They further clarified that there will be multiple OP token transactions starting from today, with the aim of providing the community with advance notice, as these transactions are all part of the planned activities.