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Optimism (OP) serves as the governance token for the Optimism Layer 2 blockchain, a solution designed to enhance Ethereum's scalability and reduce transaction costs through the use of optimistic rollups. Launched to empower decentralized decision-making, OP allows holders to participate in key governance processes, including protocol upgrades and the allocation of ecosystem incentives. The total supply of OP is approximately 4.3 billion tokens, with a structured distribution plan that includes allocations for ecosystem funding, retroactive public goods funding, user airdrops, core contributors, and investors. This strategic distribution aims to foster a sustainable and community-driven ecosystem, reinforcing Optimism's commitment to scalability, affordability, and decentralized governance within the Ethereum network.
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