# Token Sale – September 2023

**URL:** <https://gov.optimism.io/t/token-sale-september-2023/6846>\
**Category:** Updates  and Announcements 📢\
**Created:** [September 20, 2023, 6:00pm UTC](https://gov.optimism.io/t/token-sale-september-2023/6846 "2023-09-20T18:00:06Z")\
**Posts on this page:** 1\
**Showing post:** 3

<div class="post-metadata">

**Author:** ![brichis](https://dub1.discourse-cdn.com/bc41dd/user_avatar/gov.optimism.io/brichis/32/10892_2.png) [@brichis](https://gov.optimism.io/u/brichis)\
**Post date:** [September 20, 2023, 7:14pm UTC](https://gov.optimism.io/t/token-sale-september-2023/6846/3 "2023-09-20T19:14:45Z")

</div>

Hello @bobby!

I have a few questions regarding this token sale. Was this private token sale a planned event, or is there additional information available for me to read about it?

> [@system](#):
>
> During the lock-up, the purchasers will be able to delegate the tokens to unaffiliated third parties for participation in governance.

Could you provide details on the programs or processes that will be used to select the delegates who will receive these delegations?

Is the Unallocated Fund mentioned here the same as what you referred to here:

> [@The Future of Optimism Governance](https://gov.optimism.io/t/the-future-of-optimism-governance/6471/1):
>
> - **Joint-House voting**  
> In Season 5, the Collective will bring the Citizens’ House fully online and execute its first set of joint-house votes. After executing three rounds of RetroPGF, this milestone will mark the next stage of maturity for the Citizens’ House as they participate in Optimism Governance beyond RetroPGF grant allocations.

I am interested in understanding whether this process is subject to changes in different seasons.

Thank you!

---

_[View the full topic](https://gov.optimism.io/t/token-sale-september-2023/6846)._