L2 Scaling Startup Optimism Reveals Governance Collective, Native Token, and ‘Many Airdrops’
The layer two (L2) Ethereum scaling mission Optimism has introduced the launch of Optimism Collective, “a large-scale experiment in digital democratic governance” managed by the newly created Optimism Foundation. In addition to the governance collective, the plan is to launch a token known as “OP” that goals to “govern protocol upgrades and mission incentives.”
Ethereum Scaling Project to Launch the Optimism Collective System
On Tuesday, Optimism announced the launch of a governance system known as the Optimism Collective. Optimism is an L2 scaling resolution that leverages zk rollups so customers can shortly transact with Ethereum in an economical trend. The collective has been launched by the newly created Optimism Foundation and shall be “ruled co-equally by two homes,” the group’s weblog submit announcement particulars. In a Twitter thread on Tuesday, the official Optimism account stated:
The Optimism Collective shall be ruled co-equally by two homes — Citizens’ House and the Token House. Together, they’ll drive speedy, sustainable progress in Optimism, Ethereum, and the brand new web. The Citizens’ House will govern public items funding, making a flywheel of protocol improvement.
Optimism’s weblog submit notes that the Citizens’ House citizenship shall be non-transferrable non-fungible token (NFT) property. “The Citizens’ House will maintain the community in test from plutocratic seize,” Optimism’s Twitter thread added. Then the Token House will incorporate a token known as “OP.” Furthermore, Optimism’s group alluded to quite a lot of airdrops.
“It governs protocol upgrades, mission incentives, and extra. It drives progress — There’s not only one airdrop. There shall be *many* airdrops,” Optimism’s Twitter account stated on Tuesday. Optimism additionally revealed how the airdrop shall be distributed and eligibility particulars. The objective of the brand new collective is to “produce robust public items infrastructure for OP, rising the utility of the L2, and making a helpful economic system to construct on,” the group defined.
The preliminary airdrop shall be “coming in Q2” and the newly created basis shall be led by two of the founders of Optimism. “Airdrop #1 is coming in Q2 and has not but occurred—something claiming you may get OP as we speak is a rip-off,” Optimism’s Twitter account burdened. According to the Optimism group, greater than 250,000 addresses are eligible for the preliminary airdrop.
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