Since the inception of Cryptocurrency and its growing nascent potential, thousands of Projects have sprung into the picture with different tokens, use cases, and promises for further decentralization.
It’s been a well-known fact that Cryptocurrency projects in their start-up stages do not necessarily need to start with a token that can be bought or traded right away. But often, it’s always a development that is structured into the Roadmap.
Different projects come up with different token types depending on the project’s fundamentals and what the community tends to achieve with its ecosystem. Some ways these tokens can be used by its ecosystem includes are as Reward tokens, utility tokens, security tokens, and Governance tokens, to mention but a few.
To make these tokens available to the public for transactions, they are first listed on exchanges and by extension holders of the token can either buy or sell depending on the trading pairs which are made available on the exchange (DEX or CEX; Decentralized exchanges or Centralized exchanges)
This very act only shows that the crypto project has attained a level of entry and acceptance that comes with feasibility, transparency, and trust-based on some regulatory measures.
THE OPTIMISM GOVERNANCE TOKEN
In many decentralized protocols, governance tokens symbolize ownership. Holders of this kind of token can influence the protocol direction and decisions like products or features to be developed. Budgets and likewise partnership with other projects.
Furthermore, these influencers as I wish to call them can affect changes through a formal proposal. If there is a need for further voting, governance token holders can vote with their tokens for suggested changes.
There’s been a lot of buzz on the internet lately about the layer 2 scaling solution for Ethereum popularly known as Optimism; talks about Airdrops, and listing on several Cryptocurrency Exchanges. You heard right. Here’s the Tee to the trend
Optimism is a layer 2 scaling solution; hence it is a networking technology built on the Ethereum protocol and supports all Ethereum applications to improve their efficiency and even scalability while maintaining the same security safeguards and full decentralization as the parent network.
The optimism network has OP as its governance token which fuels the blockchain-based voting system of the protocol. The token was recently listed on several exchanges including Binance, KuCoin, BingX, and Gateio.
POPULAR TRADING PAIRS FOR OPTIMISM
SOME OF $OP TOKEN MARKET DETAILS
24 Hour Trading Vol—–$754,615,774
Fully Diluted Valuation—$5,146,955,278
Total Supply —–4,294,967,296
The OP token price as of now on Binance is $1.16 as against the listing price of $1.44 with a 24-hour trading volume of $135.90M.