Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
The tokens come from the unallocated portion of the OP Token treasury that was set aside for working capital.The foundation is one of the maintainers and developers of the Optimism network, a blockchain that runs and settles transactions on Ethereum.
The sold tokens are subject to a two-year lockup. However, the buyer can delegate the tokens to unaffiliated third parties for participation in governance decisions, giving the same benefits as an unvested holder. The tokens come from the unallocated portion of the OP Token treasury and are part of the foundation’s original working budget of 30% of the initial OP token supply. As of Friday, OP had a circulating supply of 1 billion tokens and a total supply of 4.29 billion.
OP prices were down 0.4% in the past 24 hours, The CoinDesk 20, a broad-based liquid index of various tokens, is up 2.59%.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.
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