# Token Sale – September 2023 **URL:** \ **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:** 4
**Author:** ![bobby](https://dub1.discourse-cdn.com/bc41dd/user_avatar/gov.optimism.io/bobby/32/71_2.png) [@bobby](https://gov.optimism.io/u/bobby)\ **Post date:** [September 20, 2023, 7:34pm UTC](https://gov.optimism.io/t/token-sale-september-2023/6846/4 "2023-09-20T19:34:44Z")
> Was this private token sale a planned event? Yes, this token sale was a planned event. > Could you provide details on the programs or processes that will be used to select the delegates who will receive these delegations? The process to select delegates will be up to each individual tokenholder, as is the case with all OP holders across the Collective. > Is the Unallocated Fund mentioned here the same as what you referred to here: The Unallocated Fund is 8.8% of the total initial supply of OP, as identified in the OP Allocations [documentation](https://community.optimism.io/docs/governance/allocations/). You can also refer to the [Foundation Year 2 Budget Proposal](https://gov.optimism.io/t/treasury-appropriation-proposal-foundation-year-2-budget/5979#review-of-year-1-budget-6) from last May for details on past token allocations from Unallocated. --- _[View the full topic](https://gov.optimism.io/t/token-sale-september-2023/6846)._