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 <p class="is-style-lead">Level-2 blockchain Optimism is set to sell 116 million of its OP tokens to seven private buyers.</p> 
 <p>According to a recent post, the project team will sell <a rel="noopener noreferrer nofollow" title="tokens" href="https://thebittimes.com/tag/tokens.html">tokens</a> to unknown buyers to manage the treasury. Starting Sept. 21, the Optimism team will conduct several transactions with 116 million <a rel="noopener noreferrer nofollow" title="tokens" href="https://thebittimes.com/tag/tokens.html">tokens</a>.</p> 
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   <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
    <p lang="en" dir="ltr">Starting today, there will be several transactions totaling approximately 116M OP <a rel="noopener noreferrer nofollow" title="tokens" href="https://thebittimes.com/tag/tokens.html">tokens</a>. We’re sharing as a heads up to our community that these are planned transactions.</p>— Optimism (_) (@optimismFND) September 20, 2023 
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 <p>At the time of writing, the OP <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a> is trading at $1.35. Thus, the <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a> sale amount will be $156.6 million.</p> 
 <blockquote class="wp-block-quote"> 
  <p>“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.”</p> <cite>Optimism team</cite> 
 </blockquote> 
 <p>The token sale is not expected to impact the price of OP significantly. It has a two-year lock-in period, which means buyers will not be able to sell during this period.</p> 
 <p>The sale became part of the roadmap and is fully factored into the “initial operating budget of 30% of the initial token offering.” However, buyers retain the right to delegate OP to independent third parties for management.</p> 
 <h2 class="wp-block-heading" id="optimism-to-airdrop">Optimism to airdrop</h2> 
 <p>The news about the massive sale of <a rel="noopener noreferrer nofollow" title="tokens" href="https://thebittimes.com/tag/tokens.html">tokens</a> appeared shortly after the blockchain project team launched a new airdrop. In the third round, 19.4 million <a rel="noopener noreferrer nofollow" title="tokens" href="https://thebittimes.com/tag/tokens.html">tokens</a> were distributed to more than 31,000 addresses. </p> 
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  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Optimism airdrops 19.4m of free OP tokens 
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 <p>The owners of these wallets took part in delegating activities associated with a decentralized autonomous network organization called the Optimism Collective. Just like the previous two, the new round should increase the activity of network users and reward them for their participation in the development of Optimism.</p> 
 <h2 class="wp-block-heading" id="optimism-has-finally-distributed-the-tokens-of-the-first-airdrop">Optimism has finally distributed the tokens of the first airdrop</h2> 
 <p>The third OP <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a> airdrop came just days after the Optimism team distributed&nbsp;the remainder of the funds from their first airdrop held in June 2022.</p> 
 <p>On September 15, Optimism began distributing unclaimed 48 million OPs worth $66.7 million. They were distributed among 88,000 unique addresses.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Optimism overtakes Arbitrum in daily transactions after Worldcoin launch 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/optimism-to-sell-156m-in-op-tokens-via-private-sale-tbt63475.html">https://thebittimes.com/optimism-to-sell-156m-in-op-tokens-via-private-sale-tbt63475.html</a></p>

Optimism to sell $156m in OP tokens via private sale

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