This article is not investment advice
Total Supply: 2 billion#
Distribution:#
🍭 Early investors 10%, i.e. 2 billion, with release periods ranging from 2 to 4 years for each funding round;
🍭 Oort Foundation (long-term partner support, academic funding, public projects, etc.) 10%, i.e. 2 billion, with a release period of 4 years;
🍭 Project team (team incentives) 15%, i.e. 3 billion, with a release period of 3 years;
🍭 Miners 65%, 13 billion
Mechanism:#
🍭 Deflationary, the Oort Foundation will use 30% of actual revenue 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, i.e. burning 8 billion, leaving 12 billion.
🍭 In 2023, Oort has announced actual revenue of 3.7 million USD, with a conservative estimate of reaching 7.1 million USD in 2024. Based on 7.1 million USD, 53.2 thousand USD will be allocated for repurchasing and burning tokens each quarter in 2024.
Token Empowerment:#
🍭 Service payment, tokens can be used to purchase various services provided by Oort, such as payment for storage fees, AI robot fees, decentralized computing power usage fees, etc., with certain discounts compared to fiat payments.
🍭 Staking, by staking tokens with miners for cooperative mining or staking mining machines for mining.
🍭 Community governance, proposing and voting
Miner Economics#
For more details, please refer to:
🍭 Edge node mining ➡️ Click here
🍭 Ecological partners ➡️ Click here