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Apr 27, 2022
by Jafrin Ahmed
Ethereum’s Optimism Launches DAO, Unveils New OP Token Airdrop
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Ethereum layer-two scalability solution Optimism announced that it has created its own DAO, known as the Optimism Collective and has also launched its first governance token called OP that will be airdropped to 267,000 Ethereum wallet addresses. The said token will be used to vote on protocol upgrades, project incentives and other critical protocol development issues.
Free Tokens For Optimism Users
In a recent blog post announcement, the team behind Optimism shared a list of criteria for its new OP token airdrop eligibility, which includes items as simple as being an Optimism user to more advanced criteria such as being a DAO voter or multisig signer.
The section dedicated to OP distribution shows that 19% will be airdropped to users, 5% in the first airdrop and 14% in future airdrops. Furthermore, 25% will be devoted to the ecosystem fund, 20% to retroactive goods funding, 19% to core contributors, and the remaining 17% to investors.
Commenting on the announcement, Ethereum's co-founder Vitalik Buterin today tweeted that the Collective is "possibly the biggest attempt at non-token-holder-centric DAO governance so far."
Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.