Allocation, etc
Breakdown of launch $OCP token alloc
Private Sale & IDO OCP conducted its IDO on BSCPad (public sale) on the 26th April 2021. OCP Initial Supply & Allocation Breakdown will be as follows: 100M initial supply
Token Distribution
100%
100,000,000
Vesting Schedule
Private Sale
12%
12,000,000
20% upon exchange listing, 8% per month thereafter
Public Sale
3%
3,000,000
Fully unlock
Team & Advisors
15%
15,000,000
6 months cliff, 5% every month thereafter
Marketing
5%
5,000,000
10% upon exchange listing, 5% per month thereafter
Exchange Liquidity Provision
3%
3,000,000
Reserved for Dex and Cex liquidity provision
Ecosystem Growth
12%
12,000,000
Reserved for partnerships, user acquisition and future development of the platform
Mining Reserve
50%
50,000,000
Reserved for stablecoin backstop purposes
The raise from each funding round is expected to be as follows:
Token Sale Structure
%
No. of Token
Unit Price
Amount Raising
Valuation
Vesting Schedule
Private Sale
12%
12,000,000
$0.090
$1,080,000
$9,000,000
20% upon exchange listing, 8% per month thereafter
Public Sale
3%
3,000,000
$0.100
$300,000
$10,000,000
Fully unlock
Total
15%
15,000,000
-
$1,380,000
-
-
Marketing
5%
5,000,000
$0.090
-
$10,000,000
10% upon exchange listing, 5% per month thereafter
Initial Circulation
5.90%
5,900,000
$0.100
$590,000
Initial Market Cap
-
Funds from the Token Sale will be used to:
  • Get audits done for both the OCP and its underlying application protocols
  • Hire more FT smart contract resources
  • Provide initial liquidity OCP, and our suite of application protocols
  • Marketing and community building efforts
  • Continued research and development of the OCP protocol
OCP shall provide the initial liquidity for the IDO through a liquidity lock to kickstart the trading liquidity pool.
Last modified 4mo ago
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