The native asset of the network OLLO carries a variety of use cases within the platform and network. These include:
- Securing the OLLO proof-of-stake network
- Key to OLLO's on-chain governance
- Transaction fees (gas) for all interoperable smart contracts deployed in the ecosystem
- Collateral in offered smart contract use-cases
OLLO has a 500 million max token supply. Our team has come up with a unique emission model, where the supply decreases by 1/10 until the max supply is reached.
100 million OLLO will be produced the first year, decreasing the supply by 1/10, 90 million will be produced the second year, and so on. Thus creating a fully diluted market cap by the beginning of year 6 with the per block emission dependent on chain technical design.
OLLO will be distributed by these guidelines:
- Genesis - 100,000,000 OLLO
- 1st yr - 100,000,000 OLLO
- 2nd yr - 90,000,000 OLLO
- 3rd yr - 80,000,000 OLLO
- 4th yr - 70,000,000 OLLO
- 5th yr - 60,000,000 OLLO
Note: subject to change for the benefit of OLLO Tokenomics with the exception of Team %
- 30% - Airdrop
- 20% - Community Pool
- 20% - Strategic Reserve
- 15% - Development Incubator
- 11.5% - Mission Crontrol (Team)
- 2.5% - Seed Pools
- 1% - Advisors
Locks, Vesting, & Multi-sig
- Team allocations are locked with an 4 year vesting distribution.
- The Remaining Wisedrop Airdrop allocation supply will be split & transferred to the OLLO Community Pool & the Strategic Reserve at the close of the designated end of event.
- The Strategic Reserve, Seed Pools & any unused Advisor distributions will be stored in a multisig wallet managed by OLLO's core team.
- The Developer Fund will be stored in a multisig managed by OLLO's core team.
- 38% - Liquidity Rewards
- 31% - Staking Rewards
- 15% - Developer Fund
- 4% - Lending Rewards
- 5% - Community Pool
- 5% - Strategic Reserves
- 1.5% - Station Vault
- .5% - Validators
Locks & Vesting
- Developers emissions are locked & vested over an 4 year timeframe.
- The sustainability vault will remain locked until an appropriate volume has accumulated & daily generation has reached a sustainable level in order to begin distributing rewards (Sustainability vault has 2 locks that must be satisfied to unlock & begin distribution).
- liquidity level required: 10% of yearly emissions = 10M OLLO Stored
- Generation per yr level required: 10% x2 = 20% = 20M OLLO per yr generated