Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Optimism will allocate more than $3 billion to fund its blockchain builders

Optimism will allocate more than $3 billion to fund its blockchain builders

CointimeCointime2024/03/27 00:19
By:Cointime

The Ethereum Layer 2 expansion network Optimism will reserve $3.3 billion worth of Optimism (OP) tokens for its community to award projects or individuals who are deemed to have made significant contributions to the blockchain ecosystem.

On March 26, the governance and community department of the chain, Optimism Collective, announced that a portion of the 850 million OP tokens will be distributed in four rounds starting from May and continuing until the end of 2024. 40 million OP tokens, worth approximately $158 million, have already been allocated in the past three rounds.

Blockchain developers will launch the fourth round of Optimism's Retroactive Public Goods Funding (RPGF). The community will vote to decide which projects will receive tokens based on the value demonstrated by the project.

Rounds five to seven will reward contributors to infrastructure, governance, and development tools, and anyone who contributes to improving Optimism is eligible for these funds. The final round will end in mid-November.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Analysis Company Reveals Interesting Fact About TRUMP and MELANIA Memecoins!

Chainalysis revealed that half of TRUMP and Melania investors have never purchased Solana before.

Bitcoinsistemi2025/01/23 21:00

Donald Trump’s Daughter Ivanka Trump Responds to “IVANKA” Memecoin Rumors

Following the TRUMP and MELANIA memecoins, it was claimed that Ivanka Trump also launched her own memecoin.

Bitcoinsistemi2025/01/23 21:00

“June Concern” Looms for SEC’s New Cryptocurrency-Friendly Administration

Concerns have begun about the upcoming June for the cryptocurrency-friendly SEC administration that started with Trump in the USA.

Bitcoinsistemi2025/01/23 21:00