Optimism Community Discusses Excluding Token Sellers From Future Airdrops

Optimism Community Discusses Excluding Token Sellers From Future Airdrops #Optimism #Community #Discusses #Excluding #Token #Sellers #Future #Airdrops Welcome to TmZ Blog, here is the new story we have for you today: Key Takeaways A proposal to exclude initial Optimism airdrop sellers from future airdrops has provoked controversy on the Optimism Governance Forum. In response, crypto personality Cobie argued that airdrop recipients may have had legitimate reasons to sell, including tax obligations or risk management. The first Optimism airdrop happened yesterday. Share this article An Optimism community member has proposed to exclude airdrop token sellers from future protocol airdrops on the basis that they were only interested in profit and not governance. The idea has been met with resistance. Excluding Token Sellers From Future BenefitsAn Optimism community member by the name of 0xJohn has sparked controversy by suggesting on the Optimism Governance Forum on May 31 that users who sold their initial airdrop should not be eligible for any future protocol airdrops. 0xJohn argued in his post that sellers were choosing profit over contributing to the governance of the protocol and should therefore be excluded from any future distribution of Optimism tokens. He identified four wallets that had sold their airdropped OP tokens for prices ranging between $38,000 and $48,000 but claimed to have found “many more” using Dune Analytics. Optimism is a layer-2 scaling solution that aims to enable low-cost and near-instantaneous Ethereum transactions. It has captured over $800 million on-chain value and claims to have saved Ethereum users over $1 billion in gas fees. 0xJohn’s proposal prompted a response from crypto personality Cobie, who sarcastically suggested going further by (among other things) extending the punishment to anyone having sold any token in the last six months, canceling the governance power of sold tokens, and unleashing physical violence against airdrop sellers. The Optimism Governance Forum unlisted the satirical post, restored it, flagged it as inappropriate, then restored it one more time. The Optimism Forum’s ambiguous stance over the freedom of expression of its community members drew criticism from the broader crypto community on Twitter. It also motivated Cobie to offer a more serious response to 0xJohn’s proposal, in which he provided examples of legitimate instances in which airdrop sellers may still be interested in participating in Optimism governance further down the line. Cases cited included tax obligations, portfolio rebalancing, risk management, or privacy issues. The discussion comes a day after Optimism launched its OP token by airdrop. Early adopters of the Layer 2 platform were awarded a certain number of tokens for either bridging to Optimism in the early stages of the mainnet, repeatedly using Optimism applications, participating in governance, or for being priced out of the Ethereum network. Each OP coin is currently trading for about $1.23. Disclosure: At the time of writing, the author of this piece owned ETH and several other cryptocurrencies. Share this article The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information. You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities. See full terms and conditions. Click Here To Continue Reading from Source