Optimism Community Discusses Excluding Token Sellers From Future Airdrops

Key Takeaways

  • A proposal to exclude preliminary Optimism airdrop sellers from future airdrops has provoked controversy on the Optimism Governance Discussion board.
  • In response, crypto character Cobie argued that airdrop recipients might have had reliable causes to promote, together with tax obligations or danger administration.
  • The primary Optimism airdrop occurred yesterday.

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An Optimism neighborhood member has proposed to exclude airdrop token sellers from future protocol airdrops on the premise that they have been solely fascinated about revenue and never governance. The thought has been met with resistance. 

Excluding Token Sellers From Future Advantages

An Optimism neighborhood member by the identify of 0xJohn has sparked controversy by suggesting on the Optimism Governance Discussion board on Could 31 that customers who bought their preliminary airdrop shouldn’t be eligible for any future protocol airdrops.

0xJohn argued in his publish that sellers have been selecting revenue over contributing to the governance of the protocol and may due to this fact be excluded from any future distribution of Optimism tokens. He recognized 4 wallets that had bought their airdropped OP tokens for costs ranging between $38,000 and $48,000 however claimed to have discovered “many extra” utilizing Dune Analytics.

Optimism is a layer-2 scaling resolution that goals to allow low-cost and near-instantaneous Ethereum transactions. It has captured over $800 million on-chain worth and claims to have saved Ethereum customers over $1 billion in gasoline charges. 

0xJohn’s proposal prompted a response from crypto character Cobie, who sarcastically recommended going additional by (amongst different issues) extending the punishment to anybody having bought any token within the final six months, canceling the governance energy of bought tokens, and unleashing bodily violence in opposition to airdrop sellers.

The Optimism Governance Discussion board unlisted the satirical publish, restored it, flagged it as inappropriate, then restored it another time. The Optimism Discussion board’s ambiguous stance over the liberty of expression of its neighborhood members drew criticism from the broader crypto neighborhood on Twitter.

It additionally motivated Cobie to supply a extra severe response to 0xJohn’s proposal, by which he offered examples of reliable cases by which airdrop sellers should be fascinated about taking part in Optimism governance additional down the road. Instances cited included tax obligations, portfolio rebalancing, danger administration, or privateness points. 

The dialogue comes a day after Optimism launched its OP token by airdrop. Early adopters of the Layer 2 platform have been awarded a sure variety of tokens for both bridging to Optimism within the early phases of the mainnet, repeatedly utilizing Optimism purposes, taking part in governance, or for being priced out of the Ethereum community. Every OP coin is at present buying and selling for about $1.23.

Disclosure: On the time of writing, the writer of this piece owned ETH and several other different cryptocurrencies.

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