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$OORT

Updated 03/07/2023

Introduction

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. The membership community will be divided into different clans.
Following a Representative Democracy model, individuals with different domain expertises will be elected by the community as representatives with $OORT.
A total of 3 billion $OORT will be supplied to and traded on different exchanges (centralized and decentralized). The supply of $OORT will be secured by smart contracts, while the price will be determined by Automated Market Maker (AMM) algorithms.

Token Utilities

Three major utilities of the $OORT tokens:
  1. 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. 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. 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.

Distribution

Total Supply: 3 Billion

Category
Distribution
Investors (private and public)
36%
Campaign Collaborations
24%
Core Team
22%
Association Allies
10%
Advisors
5.1%
Reserve
2.9%