Optimism sells OP tokens worth $89 million to private buyers

ChainCatcher news, according to the official announcement from Optimism, Optimism has begun a private token sale, selling approximately 19.5 million OP tokens (worth over 89 million USD). The lock-up period for the tokens is two years, during which buyers can delegate the tokens to non-affiliated third parties for governance participation. These tokens come from the unallocated portion of the OP token pool and are part of the foundation's initial working budget, accounting for 30% of the initial OP token supply. Since this is a private sale, the terms and buyers cannot be disclosed.

This is not the first time Optimism has revealed news of a private token sale; in September 2023, Optimism sold 116 million OP tokens, valued at over 160 million USD at that time.