Optimism explicitly has goals *other* than just "make OP go up", and the only way to do that long-term is with explicit representation of non-token-holder interests. This is a great example of why I'm so proud of for adding non-token governance (the Citizen House). As of this writing, 1 million of the stolen tokens have been moved to a Vitalik Buterin address, and The Block reported that the hacker posted an onchain message saying he was willing to return all the tokens. Allocated from Optimism’s Partner Fund to prepare for the OP token launch, the lost tokens were hacked before they could be recovered from an incorrect blockchain address. Hacks & Shutdowns - 20 million tokens worth ~$15 million were lost in transfer to Wintermute, a 3rd party liquidity provider. Recent press has been extensive and includes coverage by mainstream and crypto media. Partnerships & Press - In addition to its own well-established brand, Optimism has integrated dozens of leading Web3 companies, brands and wallets, including Dune Analytics, OptiPunks, Chainlink, Binance, DAOhaus and Aave. Social community includes 47k in Discord and 217k Twitter followers.
It wasn't without hiccups, but to much excitement, OP was born. The community is now discussing whether and how the additional scheduled airdrops should take place and who should be airdropped.It reached an ATH of $2.10 on the day after launch. Many airdrop recipients sold their tokens immediately, sending $OP price crashing as low as $.73 in its first week.The airdrop was heavily anticipated and servers buckled under the high traffic, causing some recipients to miss out on their airdropped tokens.$OP Airdrop makes headlines: On June 1, Optimism initiated its first airdrop to 248,699 early adopters, including DAO voters, multi-sig owners, and Github contributors. 2021, and OP governance tokens launched via airdrop on June 1, 2022. Optimistic Rollups were introduced in 2019, the open mainnet launched Dec. Kevin Ho was lead developer for blockchain protocol course Cryptoeconomics.study in LA from 2018-2019 before joining Optimism as a co-founder.Karl Floersch, co-founder, is a NY-based blockchain engineer who has worked with ConsenSys and as a researcher at the Ethereum Foundation (he wrote this about Ethereum in 2016).
Optimism token series#
Co-Founder & CEO Jinglan Wan has invested in multiple Series A & B funding rounds for fintech companies.Their Sequencer manages Layer-2 block production for immutable blocks, enabling instant transaction confirmations that are submitted to the Layer-1 Ethereum Blockchain. Its primary technological innovation is the Optimistic Rollup protocol, which allows Optimism’s L2 blockchain to piggyback off Ethereum so it can use its consensus mechanism and security. Optimism is a Layer-2 scaling solution for Ethereum. Read on to learn more about the Optimism project for your DYOR-based fundamental analysis.
Optimism ($OP) is one of two governance tokens slated for use in Optimism's Ethereum-focused Layer-2 ecosystem. The Optimism Collective is a group of people, companies and communities that are dedicated to incentivising impact by rewarding public good initiatives (like Ethereum).
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