The Optimism Foundation recently announced an important proposal: allocating 50% of the revenue generated from the Superchain to buy back OP tokens. The idea is straightforward—tie the value of OP closely to the growth of the Superchain.
According to the plan, this proposal will be put to a vote on January 22nd. If approved, the buyback will commence in February. The repurchased OP tokens will flow into the treasury, with two possible options: either be burned or distributed as staking rewards to the community.
The foundation also revealed a detail—over the past 12 months, the Superchain has performed well in terms of revenue. Allocating half of it for the OP buyback shows their confidence in the future development of this ecosystem. From a tokenomics perspective, this approach can support the long-term value of OP while also stimulating user engagement.
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SerLiquidated
· 46m ago
ngl this buyback effort is actually quite substantial this time, finally not just empty slogans anymore
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HodlTheDoor
· 8h ago
Another round of buybacks and burns, a typical rug pull tactic. Can you believe it?
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GhostAddressHunter
· 01-08 15:28
50% buyback? That's a pretty aggressive move. Let's see if it gets approved on January 22.
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DisillusiionOracle
· 01-08 15:27
50% buyback? So generous? But then again, can it really sustain...
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Another buyback and burn, feels like the same old tricks, can we see $1?
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Wait, with such good income, why haven't I heard about it? Is Superchain really that powerful?
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Burn or distribute to the community, I bet on burn. These tricks are all the same.
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Voting on the 22nd, I bet there's an 80% chance it passes, anyway, just these people voting.
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Come on, does anyone really believe this? Has the token price gone up?
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Sounds good, but isn't it just to save the price? I don't oppose it, haha.
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Superchain's income looks good? Why haven't the underlying users benefited? Yet another new way to cut the leeks.
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Staking rewards are the key. Only then can the distribution plan reveal its true nature.
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TooScaredToSell
· 01-08 15:24
Hhh, finally a project dares to buy back with real money, not just empty promises.
Now let's see how the revenue data of the super chain turns out. If it's really good, then OP might actually have something this time.
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MysteryBoxBuster
· 01-08 15:15
Sounds good. Let's see if it can pass on January 22nd. If it gets truly burned, that would be even better.
The Optimism Foundation recently announced an important proposal: allocating 50% of the revenue generated from the Superchain to buy back OP tokens. The idea is straightforward—tie the value of OP closely to the growth of the Superchain.
According to the plan, this proposal will be put to a vote on January 22nd. If approved, the buyback will commence in February. The repurchased OP tokens will flow into the treasury, with two possible options: either be burned or distributed as staking rewards to the community.
The foundation also revealed a detail—over the past 12 months, the Superchain has performed well in terms of revenue. Allocating half of it for the OP buyback shows their confidence in the future development of this ecosystem. From a tokenomics perspective, this approach can support the long-term value of OP while also stimulating user engagement.