Option Token will make angel investment in the form of pre-sale and subscription, with the pre-sale amount of 15 million OT and the subscription amount of 5 million OT, totaling 20 million OT.
The staking cycle is 180 days in total, and 1/6 of the current remaining staking amount can be released every 30 days in the first 90 days. Every 30 days after 90 days, the lock up quantity shall be released in accordance with the proportion of 1/3, 1/2 and 1/1.
①Daily release ceiling: AOFEX will snapshot staking volume at 0 o’clock per day, the 1/90 of the staking volume is the quota that users can trade at the same day.
②Calculating way of release: locked up users can release 3 times fee of OT while trading BTC、ETH、OT in AQ, USDT sector.
- Release date: the beginning date shall be calculated from the launching and trading day.
Buyback and Destruction Mechanism: AOFEX will adopt a sound buyback and destruction mechanism, buy back a certain amount from the secondary market every month and destroy it, and will not destroy it until the remaining 20 million OT. Meanwhile, AOFEX will continuously improve the rarity and value of OT, returning more benefits to users.
In order to better promote the ecological value of OT, the platform will establish a sound deflation mechanism. It will adopt the method of repurchase destruction before output, and the amount of repurchase destruction will ≥ stimulation of the output. After the launch of OT, the release mechanism of 10% community operation and 70% ecological construction will not be opened temporarily. Specific opening time, release purpose, amount and details will be announced in the form of announcement, so as to ensure that the amount of circulation in the secondary market does not exceed 20% of the total amount (20 million), until the total amount is destroyed to 20 million.
The first phase of buyback destruction shall be executed on July 31, 2020 (GMT+8); The specific amount and details of the buyback destruction will be released through an announcement.