TechFlow news: Optimism will sell approximately 116 million OP tokens (worth about $162.4 million) to seven buyers for capital management purposes.
These tokens will be subject to a two-year lock-up period. During this period, the buyers will be able to delegate their tokens to unaffiliated third parties for governance participation. The tokens come from the unallocated portion of the OP token treasury, representing 30% of the initial OP token supply. Several transactions to transfer these tokens will begin today.
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