Optimism’s OP Token: From Excitement to Plunge
It was a whirlwind day in the crypto realm when Optimism dropped its shiny new governance token, OP. Initial hype saw the price soaring to a high of $2.10, but like a poorly made soufflé, it didn’t hold up. The price plunged about 40%, causing consternation among those who thought they’d found their crypto golden ticket. As the excitement faded, a reality check kicked in.
Airdrop Chaos: Everyone Wants a Piece
Given the demand for OP tokens, the rollout was flooded with eager participants. An initial supply of 5% was shared among approximately 250,000 excited users. CoinGecko data shows the token started its journey at $1.43, quickly rose, and then haphazardly fell to a low of $1.09, managing to be resilient enough to bounce back to $1.18, but still marking a staggering 43% drop.
The Community Weighs In: Dumpers vs. Holders
After the price crash, the governance community began stirring the pot on strategies to deal with those who ruthlessly dumped their airdropped tokens. One member, known as OxJohn, put forth a bold proposal: let’s exclude from future airdrops those who dumped their precious tokens faster than a bad haircut. This proposal ignited heated discussions, pulling in over 11,000 views.
Varying Perspectives: Support and Resistance
Reactions to OxJohn’s proposal were, shall we say, a mixed bag. Some users rallied behind the idea of rewarding long-term participants. Mohammedt75 chimed in with “Incentivize people who care about the longer term!” while others like Mgomes echoed that it’s okay to sell as long as users engage with the chain first. It appeared that members were torn between strict governance and the realities of personal financial circumstances.
A Dash of Satire: Cobie’s Counter-Proposal
Enter Cobie, a crypto Twitter superstar, who threw in a cheeky counter-proposal suggesting that anyone who sold any tokens in the last six months should be banned from future airdrops. His humorous tone made for a lively discussion, citing that sellers might want to dodge consequences by merely creating new addresses, potentially turning governance into a wild west. Cobie’s sarcastic take left many chuckling, as he declared that “all sellers should be treated as ‘potential future sellers’.” The crypto community, it seems, loves a good laugh amidst the chaos.
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