Token Optimism (OP) Worth IDR 3.7 Trillion Will Be Released For Investors And Development Teams On May 31 Tomorrow

The OP token will be allocated to the main investors. (Photo; Doc. SimpleSwap)

JAKARTA A crypto project that gained popularity a few months ago, Optimism (OP), is rumored to be releasing 154 million OP tokens worth 248 million US dollars (equivalent to Rp3.7 trillion). OPEN release will take place at the end of this month, May 31.

This amount is equivalent to 3.6 percent of the total OP supply tokens. Furthermore, the number of tokens released will be allocated to the main investor group and the development team. That way, the supply circulating OP will increase.

After that, the developer of Optimism, OP Labs, will implement the Bedrock upgrade on June 6. Bedrock is an important improvement in various technical aspects of Optimism.

The Bedrock upgrade is also used to reduce transaction fees in the network. Bedrock will also pave the way for other layer-2 solutions that use Optimism, Base technology for the spread of the mainnet.

One of the main advantages of the Bedrock upgrade is the expected reduction in transaction costs. OP Labs, a protocol developer for Optimism, estimates that transaction fees will drop by 47 percent.

At the time of writing, the price of the OP token is trading at the level of IDR 24.463 per token at 13:10 WIB, Monday 29 May 2023. In the last 24 hours, the OP has increased by 1.1 percent. Meanwhile, in one week, the OP token rose 2.3 percent according to Coinecko data.