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$OORT
Updated 03/07/2023
Oort Digital will represent a Decentralized Autonomous Organization (DAO) that will not be controlled by a single organization, person, or an entity, but rather by a community, a group of interested parties who will be able to participate in the decision-making process of the system through the representative democracy model, receive benefits and various incentives. Membership community will be divided into different clans.
Following a Representative Democracy model, Brands and/or Influencers (representatives) will be elected by their communities with the majority of votes. The major asset for granting access to the voting system will be the $OORT token, however, users holding Hero NFTs, and/or Hero IDs could receive additional voting benefits.
A total of 3 billion $OORT will be supplied to and traded on different exchanges (centralized and decentralized). Digital supply of $OORT tokens will be secured by smart contracts, while the price will be determined by Automated Market Maker (AMM) algorithms.
Three major utilities of the $OORT tokens:
- 1.$OORT as a Work Token – Brands would stake $OORT tokens to launch reward campaigns for their loyalty members. Staking would mimic the functions of store of value.
- 2.$OORT as a Governance Token – Token holders would have an opportunity to nominate for their desired candidates with domain expertise from the Hero Association to vote on behalf of them, Brands, or Influencers.
- 3.$OORT as a Currency Token – Tokens are used as currency to pay within the rental and trading marketplaces. Payment function would mimic the functions of medium of exchange.
Category | Distribution |
|---|---|
Investors (private and public) | 36% |
Campaign Collaborations | 24% |
Core Team | 22% |
Association Allies | 10% |
Advisors | 5.1% |
Reserve | 2.9% |
Last modified 13d ago