Optimism is a layer two protocol and smart contract platform designed to enable low-cost and nearly instant Ethereum $3,581 transactions. The OP cryptocurrency powers the Token House, a component of the Optimism Collective, which will work alongside the Citizens’ House. The Collective governs network parameters, treasury payments, and protocol upgrades.
What is Optimism (OP)?
According to statements, the OP Token enhances the Optimism structure by funding The Optimism Collective, a dual-chambered governance system composed of the Token House and Citizens’ House. The token, traded under the OP code, was initially distributed via airdrop to early users. Those who used Optimism before March 25 were eligible to participate in the OP token airdrop.
Additionally, the team has committed to preserving Ethereum’s values by producing infrastructure that supports the growth and sustainability of public goods.
Meanwhile, the Optimism Foundation is described as a non-profit organization dedicated to expanding the Optimism Collective.
Their efforts scale Ethereum values by creating a foundation for highly impactful projects that may lack a viable business model, beyond merely scaling Ethereum technology.
Until the project reaches full decentralization, it is stated that all profits from operating a centralized sequencer will be donated to scaling and sustaining public goods.
Where to Buy OP Coin?
Optimism Coin can be bought and sold securely through Binance, the world’s largest cryptocurrency exchange by trading volume. On the Binance platform, Optimism Coin trades in the OP/BTC, OP/USDT, and OP/BUSD pairs.
To purchase Optimism Coin (OP), first create an account on the Binance exchange. Once registration is complete, transfer cryptocurrency or fiat currency to your Binance wallet. After the transfer, you can purchase OP Coin from any of the three pairs listed above. To buy from the OP/USDT trading pair, navigate to this pair’s interface. Enter the desired quantity in the limit section of the OP/USDT interface. Once the quantity is specified, complete the purchase by placing a “Buy OP” order.