Is Optimism About to Drop a Token on Ethereum?
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Is Optimism About to Drop a Token on Ethereum?

THELOGICALINDIAN - The arrangement has said its abutting affiliate will be apprenticed by association buying and governance

Optimism has appear a new blog column suggesting it will apparatus a arrangement of “community buying and governance.” This, accumulated with a badge advertisement folio on Coinbase, has led assemblage to accept the Layer 2 band-aid is gearing up to barrage an Optimism token.

Optimism Teases Token

Optimism could be the abutting Ethereum Layer 2 activity to barrage a token. 

In a Tuesday Mirror post, the Optimism aggregation laid out affairs for what it calls “A New Chapter” in the network’s progression. 

After accoutrement several cogent milestones in the network’s history, such as its launch, EVM adequation upgrade, and mainnet deployment, the column assured by highlighting Optimism’s affairs for the future.

“We’re advancing the end of a affiliate and the alpha of the next—one apprenticed by association buying and governance,” the column read, implying that Optimism is gearing up to decentralize through ablution an Optimism token. 

Moving against association buying and babyminding is a accepted move for Web3 networks and protocols. DeFi projects frequently affair tokens to accept babyminding structures. Accepted methods accommodate distributing tokens through clamminess agriculture initiatives, affairs them in antecedent DEX offerings, or airdropping them to aboriginal users. 

In the case of Optimism, it could potentially administer tokens to users of the network’s DeFi protocols, as Polygon did during its liquidity mining program in aboriginal 2021. However, abounding Optimism users are instead acquisitive for a badge airdrop to aboriginal users, agnate to how the Ethereum Name Service distributed its babyminding badge to those who had purchased ENS names afore the badge launch.

Additional affirmation for an accessible Optimism badge has alike via Coinbase. The Twitter user Tree of Alpha acicular out a folio that appears to appearance an Optimism badge on the exchange’s website, although it does not yet arise in chase results.

While it’s alien why an Optimism badge folio is already alive on Coinbase, it’s accessible the barter created the folio aboriginal as it did for the March launch of Bored Ape Yacht Club’s ApeCoin. Shortly afterwards Tree of Life’s post, the crypto personality and UpOnly podcast co-host Cobie additionally posted screenshots of Coinbase’s Optimism badge page. “Is the Optimism badge barrage aloft us?” he wrote.

Optimism is one of several Optimistic Rollups alive to calibration Ethereum. The arrangement offers users awfully bargain gas fees while attention abundant of Ethereum mainnet’s security. Optimism currently hosts $590 actor in absolute amount bound beyond its DeFi protocols, according to data from L2BEAT. 

While an Optimism badge is not yet confirmed, accepted signs announce an approaching launch. Whether the tokens will be airdropped to aboriginal users or broadcast through some added agency is still unclear. 

Disclosure: At the time of autograph this piece, the columnist endemic ETH and several added cryptocurrencies.