Token Sale – September 2023

Updates and Announcements 📢
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Thank you for the questions and discussion here. The details that we are able to disclose around this private sale have all been shared.

OP is a governance token, and we look forward to continue working alongside the community to increase votable supply and governance engagement – both crucial steps on the path to decentralization and a self-sustaining ecosystem.

If you are interested in participating, especially those on this thread who are new to the Collective, check out the Guide to Season 5 of Optimism Governance, which includes a number of proposals designed to support a robust governance system that encourages individual stakeholders’ voices. Thank you all for your engagement and commitment to the long-term success of the Optimism Collective.

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22

Bobby - this is unacceptable. Again, please disclose, at minimum, the price at which the $OP token was sold to these investors. You guys are making this much harder than it needs to be.

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23

What makes you so concerned ? I am curious.

Do you not believe that the governance has the best interest of the community at heart ?

Or is there something else that depends on this information to change the state of things as they are in the current moment?

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Even not disclosing price which is bad enought, Its unacceptable that you don’t at least confirm how you are guaranteeing the vesting of the tokens.

Not using a smart contract is dumb. As we’ve seen by SYN getting rugged by a VC who also had a “vested deal”

I’m selling all my OP

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25

Imo the buyer of such a sale should be openly communicated so that the community knows whos steppin in the boat. Are the names being told? Thx

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26

Hi Bobby,

Can you please explain or connect us with a lawyer that will explain why this information has not been made public? I do not want to spam the forum or the discord but your lack of engagement and insufficient explanation is not only against the spirit of crypto but also against the law wherever you are located. Have a great weekend.

FT

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Hi, would be great if the Optimism community can have more details about the token sale covering the matters below.

(1) The exact purpose of the private token sale and how it aligns with treasury management goals.

(2) The specifics of the lockup period such as whether there are any conditions or exceptions associated with the lockup and how it aligns with the long-term vision of the Foundation.

(3) Additional information on the rationale behind allowing purchasers to delegate tokens to unaffiliated third parties for participation in governance including the Foundation’s perspective on decentralized decision-making and the benefits it brings to the Optimism ecosystem.

(4) How the private token sale and subsequent transactions will positively impact the Optimism community whether it’s by accelerating development, increasing network security, or fostering governance participation, connect the actions to tangible benefits for the broader community.

(5) A tentative timeline for the transactions of the private token sale including scheduled updates, progress reports, or any other means of keeping the community informed about the use of funds and the impact on the Optimism ecosystem.

Looking forward to some information on the above.

Cheers.

2 Likes
28

Hi @bobby
According to this proposal, There will be 116M OP tokens unlock on September 2025 right ? If yes could you please provide more precise date ?