Q: What is the correct ORN circulating supply? A: The Orion

Question

Q: What is the correct ORN circulating supply? A: The Orion

Terminal currently erroneously displays the "Total Vested Supply" as the "ORN Circulating Supply".

Total vested supply: the total amount of ORN that has been vested (but not necessarily sold on the market yet, i.e. not necessarily publicly circulated).

Circulating supply: the amount of ORN that is not controlled by the team, i.e. that has been sold and is in the general public's hands.

AS OF AUGUST 7, 2023

Original mint: 100,000,000 ORN
Permanently removed from circulation: 7,026,926 ORN
Max. total supply: 92,631,255 ORN

Total vested: 87,775,000 ORN
Vested & permanently removed from circulation: 7,026,926 ORN
Net total vested: 80,626,255 ORN (what the Orion Terminal currently displays as the "ORN Circulating Supply")
Real circulating supply: 47,232,179 ORN

NOTES

• We are working with CoinMarketCap and CoinGecko to update the numbers on their platform but we have received some push back given that their “verified methods” currently “work as is”. In other words, they track our company wallets (on-chain) and report numbers as such without much further consideration or flexibility. To be transparent with you, we have performed the manual work of differentiating “vested” vs “in circulation” tokens (see above).

• The Team's allocation (12,000,000 ORN) remains completely untouched, and so is the Foundation Fund (24,000,000 ORN). The Orion team is 100% committed to the long-term success of Orion (and, of course, of ORN).