KIP-16: OP Token Phase 0 Proposal

Summary

Kwenta’s OP token submission.

Abstract

Kwenta is being distributed 900,000 OP tokens but is required to propose how the tokens will benefit the Optimism ecosystem. Kwenta will use the OP tokens to fuel development and incentivize trader migration to Optimism.

Motivation

Kwenta will leverage the OP token to drive Optimism adoption while relying on Kwenta’s tokenomics and unique product offerings to retain those users who migrate.

Specification

For full details visit: https://kips.kwenta.io/kips/kip-16/