Optimism Foundation has transferred 19.5M OP tokens to an anonymous purchaser as part of a confidential token sale.
In the official announcement, Optimism revealed that the $89M worth of OP tokens will be subject to a two-year lock-in period. The firm said the buyer will be allowed to delegate the coins to third-parties who can use them to participate and vote in governance decisions. Interestingly, Optimism refused to name the purchaser, instead adding,
“As this was a private sale, the terms and purchaser are not able to be disclosed.”
Optimism Foundation also reassured users by claiming the sum used for the transaction comprised 30% of the initial OP token supply. Furthermore, the company will transfer the sum in multiple smaller transactions over the coming days.
Optimism’s private deal has resulted in a mixed response from the crypto community. Some claim the firm should adopt more transparency. Meanwhile, others believe the token sale was “fair game” because even if Optimism had sold the tokens via a crypto exchange, the buyer would have still remained anonymous.
The price of the Optimism token slightly decreased since the news broke out. As of writing, the OP token is priced at $1.530, down by 1.65% over the last 24 hours.
