Total Supply: 2 billion#
Allocation:#
🍭Early investors: 10%, which is 200 million, with a release period ranging from 2 to 4 years depending on the financing round.
🍭Oort Foundation (long-term partner support, academic funding, public projects, etc.): 10%, which is 200 million, with a release period of 4 years.
🍭Project team (team incentives): 15%, which is 300 million, with a release period of 3 years.
🍭Miners: 65%, which is 1.3 billion.
Mechanism:#
🍭Deflationary: The Oort Foundation will use 30% of its actual income to repurchase and burn tokens, thereby increasing the token value.
🍭Repurchase and burn cycle: Once every three months, four times a year.
🍭Token burn limit: 40% of the total token supply, which is 800 million tokens burned, leaving 1.2 billion tokens.
🍭In 2023, Oort has announced actual income of 3.7 million USD. It is conservatively estimated that the income in 2024 will reach 7.1 million USD. Based on 7.1 million USD, 532,000 USD will be used for token repurchase and burn each quarter in 2024.
Token Empowerment:#
🍭Service payment: Tokens can be used to purchase various services provided by Oort, such as storage fees, AI robot fees, decentralized computing power fees, etc. There are certain discounts compared to fiat currency payments.
🍭Staking: Tokens can be staked with miners for cooperative mining or staked for mining by self-purchasing mining machines.
🍭Community governance: Proposal and voting
Miner Economics#
For more details, please refer to:
🍭Edge node mining ➡️Click here
🍭Ecosystem partners ➡️Click here