OpenDeFi is founded on the idea of financial freedom for EVERYONE, and one of our core principles is absolute transparency about how we are moving towards that goal.
In that spirit, we have an update about tokens that we wanted to share with our community before we make the necessary movements.
We released $ORO with a tiny initial market cap, with the intention of allowing the open market to discover pricing on its own. With the support of our community, we had $15.4 Million in volume the first 24 hours of token listing!
We are now going to be moving these tokens to separate wallets to fulfil specific, set functions. The breakdown will be so:
Foundational Reserves
Foundational Reserves will be used for company expenses and operations. These will be locked for 9 months.
Wallet: 0xE49efb75ff9513e3b27f896B77A87BEe1ECe39fD
Token Supply: 10,000,000 ORO
Liquidity for Exchange Listings
This is going to be foundational liquidity for exchange listings.
Wallet: 0x8405D712C3507431C5517912DAc953647C18acF3
Token Supply: 2,417,500 ORO
Investors Locked Tokens
Locked tokens of seed and private rounds of investment.
Wallet: 0xDBaC2a4A3e73F3e7B054cDaC3692f35bcDf29126
Token Supply: 13,372,000 ORO
Team Reserves
Team reserves remain locked for 2 years and then linear distribution from the 25th to 48th months.
Wallet: 0x17C4cff8131fd04242aA89CF8cFF45386CFB777B
Token Supply: 10,000,000 ORO
Building Asset Reserves
These tokens will be used for providing liquidity to new assets being added on OpenDeFi.
Wallet: 0x857F021ce9BE0D0760a42A750391e19Bc2d7951A
Token Supply: 20,000,000 ORO
Partnerships
Tokens kept in reserve for future strategic partnerships
Wallet: 0xb6cbaFe860D6207bb6AC5e6B0BfC4188a8615C80
Token Supply: 10,000,000 ORO
Marketing
Tokens kept in reserve for marketing outreach
Wallet: 0xfF7Fd33a0803CF974Bdb58cfA6BCBd07c8F2c2Ee
Token Supply: 5,000,000 ORO
Advisors
For strategic advisors
Wallet: 0x94dFC178B4C3d5fB7577D7d0B0354D08FEde204F
Token Supply: 5,000,000 ORO
Staking/Farming Rewards
These will unlock as per the yield farming index: https://openfinance.oropocket.com/yield-farming
Wallet: 0xDC89251f8232F6a20F499fAC13B49c6E8Bc02d05
Token Supply: 20,000,000 ORO