Optimism OP
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Score Sentiment Neutral
Fundraising Statistics
IDEO CoLab Ventures Tier 1
Paradigm Tier 1
a16z (Andreessen Horowitz) Tier 1 OPOptimism
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Short Review Optimism
Crypto project Optimism (OP) is classified as a Blockchain. Optimism is a Utility token that is hosted on the Optimism Network. The current total supply is 4,294,967,296 (Circulating Supply + Tokens yet to be released - Burned Tokens). The level of social activity of the Optimism project is assessed as High.
Optimism ICO Overview
Estimated date for the public token sale: 31 October 2022. (OP) You can purchase project tokens for USDT
OP Price Chart
The launch of OP token trading took place on 31 May 2022.
Fundraising Rounds
Total sold 1.03 B OP tokens (0.24% of total tokens). Total amount of funds raised by the Optimism project is $178.50 M.
| Investment Round | Date | Price | Raised |
| Airdrop #1 | May 31, 2022 | -- | -- |
| Series B Round | March 2022 | -- | $150.00 M |
| Series A Round | February 1, 2021 | -- | $25.00 M |
| Seed Round | December 2019 | -- | $3.50 M |
| Core Contributors | -- | -- | -- |
Optimism Investors
IDEO CoLab Ventures Tier 1 Paradigm Tier 1 a16z (Andreessen Horowitz) Tier 1Optimism (OP) cryptocurrency
OP is the platform’s own token Optimism, a layer 2 protocol that scales Ethereum technology and value. According to the team, Ethereum has the most important characteristics of a successful project, such as security, permissionless and decentralization. Optimism adds an ecosystem of decentralized applications to the existing base. The most important thing about Optimism is that it aims to be the equivalent of the Ethereum Virtual Machine.
The platform is working to improve usability for developers and users. One of the goals of Optimism is to create instant transaction capabilities and scalable smart contracts, which solves the most important problems of the Ethereum network. Optimism has the ability to speed up transactions and reduce costs through a technique called optimistic summaries. This method allows multiple transactions to be placed into one on another blockchain. According to Vitalik Buterin, rollup packages could be a solution to Ethereum's scaling problem.
The OP token is used to manage the ecosystem. Optimism has a dedicated governance system based on collaboration between the Optimism Foundation and The Optimism Collective.
History of the Optimism Project (OP)
Optimism is a public benefit foundation founded in 2019 in New York City. The CEO of the corporation is Jinglan Wang. In one of her interviews, she said that she was initially a fan of BTC, but after meeting ETH, she saw great potential in it.
Karl Floersch is the CTO of Optimism. Before Optimism was created by Karl Floersch and Jinglan Wang they worked together at the Plasma Group, a non-profit research group. Their cryptographic work and research experience brought them together, and that's when Optimism (OP) was born.
In 2019, the team introduced one of the main methods used by the platform - rollups. In 2020, a test network was launched, compatible with EVM. In 2021, the Alpha mainnet launched.
Benefits of Optimism
- Low gas fees. Transaction costs are one of the main problems of Ethereum. Therefore, it was critical to find a way to offer a solution.
- Fast transactions. As the Optimism team has proven, it is possible.
- Provides scalability. The network allows you to add new blocks and compress the size of existing blocks.
- Security. Security is provided by the Ethereum main network. Even though transactions are processed on a different blockchain, they are recorded on Ethereum. Additionally, users have 7 days to report invalid transactions.
Disadvantages of Optimism
- Withdrawals. Although transactions become faster and cheaper with Optimism, withdrawals, on the other hand, it takes a lot of time and can be expensive.
- Another blockchain. This can hardly be called a technical problem, but some users do not trust a system that includes something then external. They have reasons for such an attitude, because fraudulent projects appear in the crypto world from time to time.
