🧮Tokenomics
Last updated
Last updated
OTL is a cryptographic token implemented in the BEP777 standard of the Binance Smart Chain (BSC), conceived as a utility token that enables all available functions in the Orimatla ecosystem.
Orimatla will have a total supply of 132,450,000 OTLs.
In the initial offering, only 15 million OTLs (11.3%) will be distributed, as shown in the chart below.
Private Sale
20%
3,000,000
50%
8
Monthly
Pre-sale
15%
2,250,000
100%
-
-
Public Sale
40%
6,000,000
100%
-
-
Team
10%
1,500,000
20%
6
Quarterly
Airdrop
10%
1,500,000
10%
12
Monthly
Advisors
3%
450,000
100%
-
-
Partnership
2%
300,000
50%
-
-
After the initial offering, the remaining 117,450,000 OTLs (88.7%) will be gradually distributed to reward users and support the development of Orimatla over the course of 30 years.
On the seventh day after the official listing of OTL, emissions will begin to reward users. This will happen in 7-day cycles (Conversion Cycles), totaling 1,565 Conversion Cycles over the 30-year period, with 150,000 OTLs being issued in the first cycle.
For subsequent Conversion Cycles, the number of OTLs will be determined by a decreasing arithmetic progression.
To view the exact quantity issued annually during the period, check the table below:
The following is the decreasing progression representing the number of OTLs emitted in each Conversion Cycle (7 days) over 30 years (1565 weeks):
Finally, the curve corresponding to the new OTLs issuance rate in each cycle over 30 years until the maximum quantity is reached is shown below:
The issuance and release of new tokens will occur through a function implemented in the smart contract (minting), according to the rules presented here and without any team intervention at the end of each Conversion Cycle (7 days).
As previously mentioned, to sustain the Orimatla ecosystem and reward platform users, new OTL tokens will be gradually issued following the initial offering. During the issuance process, the smart contract distributes 80% to reward users, and the remaining 20% is allocated for platform development and maintenance.
See the flow below:
Within the points system introduced in the corresponding section, it is important to highlight the maximum value that will be attributed to each point obtained, being =< $0.001. Thus, to determine the number of tokens that will effectively be distributed to social network users to reward, 80% of tokens intended for this purpose are divided by the total points accumulated by all community members during the cycle, also considering the current token value.
Example: "In a scenario where the number of reactions performed by users totals 10 million points and there is a balance of 150,000 OTLs to be distributed for rewards, the estimated point value corresponds to 0.01 OTL. Considering that the OTL value is equivalent to $1 at the time of issuance, the point value is then limited to $0.001, requiring only 10 thousand OTL tokens to reward all Orimatla users. In this hypothetical scenario, the remaining 140,000 OTLs are burned to help control inflation and maintain purchasing power."
Below are four possible scenarios illustrating the expected behavior at different times for the OTL token economy:
In the early stage of the network's operation represented by scenario A, most tokens issued by the platform will be burned.
Then, with greater platform adoption and increasing demand for tokens to reward users, and the gradual reduction of token issuance, the number of tokens to be burned also decreases (scenario B).
In scenario C, with the maturation of the Orimatla ecosystem and the maintenance of the OTL value provided by recurrent token burns, a complete and balanced distribution between the supply of new asset units and the demand for rewards can be observed.
Finally, driven by growing adoption and measures to control inflation, new token burns may occur, as illustrated in scenario D.
The issuance of new OTLs is initially essential to reward users and sustain Orimatla's development. Considering that after 30 years, token issuance will definitively end, progressive strategies will be implemented to develop the platform's ecosystem, especially the availability of new multicoin resources that offer continuous reward opportunities to community members even after this period.
Thus, at the end of the 30-year period established for new token issuance and distribution, the number of OTLs effectively in circulation will be substantially lower than the 132,450,000 units issued, mainly due to various burns conducted over time.
The OTL token economy was designed to allow constant incentives for project growth, allocating part of the tokens for platform maintenance, marketing actions, and establishing strategic partnerships, in addition to developing the Orimatla ecosystem itself.
Among the possible applications of resources reserved by the protocol for maintenance, marketing, partnerships, and platform development, the following stand out:
Platform maintenance
Infrastructure.
Legal.
Tax obligations.
Contracts.
Reserve.
Marketing and partnerships
Campaigns.
Incentive for new resource adoption.
Availability in CEX and DEX.
Competitions.
Sponsorships.
Incentive for partner brands.
Cashback.
Development
Development of new functionalities.
Third-party integration.
Orimatla will distribute 1,500,000 OTLs to Early Adopters through its platform. The distribution will be proportional to users based on the number of points accumulated until the first Conversion Cycle, with 10% released in the first conversion cycle, and the remainder released monthly over 12 months.
Orimatla's governance will be carried out through a decentralized organization (DAO), allowing active community participation in decision-making. DAO implementation will occur gradually, ensuring a smooth and progressive adaptation for members.
