$1 ?
No, OUSD is pegged to $1. OGV is the governance token of OUSD, so OGV is not stable.
Ooops i thought it from its name like origin dollar governance 😊😃
Well, now you know how it will work!
But i studied their will be 125m tokens in circulation and the remaining will be locked for 4 years?
When OGV is available to be claimed, there will be a 1 billion tokens circulation supply, but the team will stake more than half of the tokens because those correspond to the Origin Protocol Foundation Reserve.
"1 billion OGV will be distributed to OGN holders along with the rewards for the prelaunch liquidity mining campaign participants on July 12. The total supply of OGV on July 12 will be 4 billion, with the vast majority being locked for 1 to 4 years. The only other exception is 125M OGV which will be immediately available for the DAO to support the launch with initial liquidity provision and market-making efforts on centralized exchanges and DEXes. The remaining 2.825 billion OGV will be vote locked for up to 4 years. Having a gradual release schedule will help ensure a smooth launch and protect OGV performance. Team tokens will be locked at launch and unlock annually over 4 years just like the retroactive rewards to OUSD holders. Similarly, the remainder of the DAO holdings will unlock gradually over time 4 years to fund liquidity mining campaigns, liquidity provisioning, partnerships with exchanges and DeFi protocols, future contributors and open-source developers, new projects building on top of OUSD, long-term incentive programs, and other initiatives that are voted in by the community. We anticipate that the circulating supply at launch will be 1 billion OGV or less."
I sew news now… great 👍
When release ogv? (AirDrop)
Обсуждают сегодня