OKX, LBank, and MEXC crypto exchanges to list the Optimism governance token

Representatives of the platforms specified that trading in the pair OP/USDT will begin when the liquidity is met

01.06.2022 - 06:45

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What’s new? On May 31, OKX, LBank, and MEXC exchanges announced the listing of the Optimism (OP) project governance token. Trading will begin in the OP/USDT pair when the liquidity is met, according to representatives of the cryptocurrency exchanges. The Optimism team has not yet specified listing details.

📈 $OP/USDT will list as a spot trading pair in the Assessment Zone today when the liquidity standard is met. @optimismPBC Details: https://t.co/XAHI4Bzqqq💚Sign up: https://t.co/9v8MpnQjbS #Optimism #MEXCListing #findnextmoonshot pic.twitter.com/wdHC2NEEsn— MEXC Global (@MEXC_Global) May 31, 2022

What is known about Optimism? The network is a Layer 2 (L2) solution for scaling Ethereum. In Optimism, transactions are almost instantaneous and with lower fees. Last month, the project team introduced a new OP governance token for one of the two nodes in the new Optimism Collective protocol governance system. Early users of the network will be able to participate in an airdrop of 5% of the total token offering in Q2 2022.

The coin drop will take the form of a retroactive distribution, and in addition to early users, it will be available to active Ethereum participants, such as those with multi-signature wallets. A total of 214 million OP tokens will be allocated to 248 000 addresses.

What happened before? In March, a hacker nicknamed Saurik discovered a vulnerability in Optimism smart contracts. The bug allowed for the withdrawal of “virtually unlimited” amounts of ETH. The developers paid the white hacker $2 million as a reward. A similar bug was found in the Wormhole cross-chain that caused the network to lose $340 million.

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