OOE token
OOE is the governance and utility token of https://openocean.finance/ that enables utility for users of the protocol and lets the community participate in governance. Governance token holders are able to shape the future of the protocol by suggesting proposals and voting on protocol parameters, dex aggregations, and future chains for starters.
OOE is a multichain token that is minted on Ethereum ERC-20 with a finite supply of 1.000.000.000 that can’t be increased - there’s no minting function in the token contract.
1,9% of the total supply was claimable on TGE for our early user who qualified for AirDrop round 1 and 2
33% total token supply is allocated for liquidity mining
Liquidity mining and trade mining programs went live on TGE
Initial circulating supply at TGE was 78.989.286 OOE
Ethereum, ERC-20: 0x7778360f035c589fce2f4ea5786cbd8b36e5396b https://etherscan.io/address/0x7778360f035c589fce2f4ea5786cbd8b36e5396b
Binance Smart Chain, BEP-20: 0x9029fdfae9a03135846381c7ce16595c3554e10a https://bscscan.com/address/0x9029fdfae9a03135846381c7ce16595c3554e10a
Ontology, OEP-4: 9f4650436a446f635db2db989e7ac067dcea240d https://explorer.ont.io/contract/other/9f4650436a446f635db2db989e7ac067dcea240d
OOE token holders can utilize tokens in trading functions, participate in governance via voting, provide liquidity and stake to earn, or simply HODL.
The OOE token’s utility is reflected in the incentives that holders benefit from when spending and deploying in the OpenOcean trading aggregation platform.
Gas fee and trading fee: OOE can be used as a gas fee or trading fee in single chain swap and cross-chain swap transactions on various public blockchains.
OpenOcean VIP membership and exclusive services: OpenOcean VIP membership is to reward our loyal users and token holders. SaaS platform: OpenOcean VIP members can gain limited access to OpenOcean SaaS platform that features automated arbitrage tools designed for institutional investors. Fee premiums: VIP members can also enjoy the benefits of trading on centralized exchanges aggregated by OpenOcean such as: Taker/Maker fee premiums, trading fee subsidies, and token withdrawal fee subsidies.
Combined margin pool: OOE tokens can be used as margin in combined margin products to facilitate one-stop derivative trading across different exchanges. With this traders can be more capital efficient by requiring less overall margin as collateral when hedging across platforms.
Collateral as margin for lending: OOE can also be used for collateral as margin for lending.
The community can develop proposals and OOE token holders can vote on proposals that are listed.
The OpenOcean team will continuously listen to the community and collect proposals through different social media and platforms. Everyone is welcome to post proposals regardless of being community members or token holders. The proposals will be screened, selected, and passed on for voting if successful.
Currently, we welcome the community to post a proposal on Discord: https://discord.gg/cxK6CCYcGp in #🖋proposals
We welcome all types of proposals and ideas as long as it does not include inappropriate language or content. Here are some topics we think are interesting: New trading pairs and aggregations, liquidity mining, protocol enhancements, ecosystem initiatives and features development.
Once proposals have passed the screening and selection successfully , they will be listed for official voting. OOE token holders can participate in voting, and their voting power is proportional to their holdings.
33% of the total OOE token distribution is allocated to liquidity and trade mining rewards in order to distribute the token fair, incentivize liquidity providers, and offset trading fees.
Reward programs are distributed to OOE related pools to encourage liquidity providers and secure deeper liquidity. These liquidity pools are intended for bootstrapping OpenOcean liquidity by using the OOE token as a utility token, not for speculative purposes.
Trade mining programs are deployed to offset trading fees by earning OOE from related transactions and work as subsidies for OOE related trading.
Total OOE supply: 1.000.000.000 (1 billion)
5.6% distributed over 2 years to Strategic Investors that are partnering with us to create a sustainable ecosystem
7.5% over 2.5 - 3 years for Private Placement and strategic round 2
29% over 3 years for OpenOcean Lab to support protocol development, onboard value-adding ecosystem partners, community developers and bounty programs
33% over 5 years for Liquidity Mining to encourage future liquidity providers and incentivize users
7% over 3 years to Ecosystem Foundation that manage OpenOcean ecosystem building, community incentives, marketing, and campaigns
15.9% over 3 years for the Team and advisors
2% to our Early Users which are distributed upon token issuance
Initial circulating supply at TGE was 78.989.286 OOE
