AOFEX is about to launch AOFEX Token OT (Option Token) and gradually open to pre-sale and subscription. Angel investment will be conducted 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, and the total amount is 20 million OT.
Pre-sale opening time: May 13, 2020
Pre-sale deadline: May 25, 2020
AOFEX will inform you of the opening time and form of subscription. Please be sure to follow the AOFEX announcement.
Staking mechanism: the amount of pre-sale and subscription will be locked up for 180 days. The locked OT will support internal transfer instead of spot transaction.
Release mechanism: there are two ways of release, which can be carried out in step as follows:
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.
AOFEX Token OT (Option Token) is a digital asset issued by AOFEX platform based on ERC20. The total number of OT issue is 100 million, 20% in the early stage, and the remaining OT will be used to stimulate the output of market users.
OT is used to continuously promote the construction and improvement of AOFEX ecosystem, covering all businesses of the platform in the global scope. The using scenarios of OT covers all the products and rights and interests of the platform, including but not limited to: deduction of fees, winning the award of airdrop, preferential purchase of popular financial products, receiving bonus commission, position mining, AP integration center, etc.
AOFEX hopes to establish a closer relationship with users through OT, explore more application scenarios, and jointly promote the development of the blockchain industry to achieve mutual benefit and win-win results. Meanwhile, OT is also the rights and interests certificate of AOFEX Community. The holder can have priority to participate in high-quality projects and activities on the platform and enjoy more rights and interests in the OT token system.
English Name：Option Token
Distribution Time: May 8, 2020
Total Volume：100 Million
Circulation Volume：Early issue 20%
Community Operating: 10%, 10 Million( Establish global community)
Angel Investment: 20%, 20 Million ( Early circulation on the platform)
Ecosystem Construction: 70%, 70 Million(Stimulate output of users)
Issue：based on ERC20
May 13, 2020