Introducing OEO — Order Book Exchange Offering
Dear Community,
We are delighted to offer our very first OEO on ETERBASE. As most of people are familiar with terms such as ICO and IEO we are introducing a simplified version of IEO for projects that have had limited exposure, are not listed on liquid market or want to rise additional funds via exchange without complicated process like ICO/IEO.
What is OEO?
In simple terms OEO stands for Order Book Exchange Offering, which means that tokens/coins are sold directly via order book at pre-selected tiers divided by price and quantity of assets sold. Time span for transactions is short and remaining/unsold supply is burnt after conducting OEO.
LOTEU (utility token)
LOTEU is a utility token that will be used for marketing purposes. When you buy an additional entry into the lottery with 100 LOTEU, you double your chances of winning the lottery. It doesn’t raise the prize, but it increases your ticket number in the pool. There will be a quarterly burning event, which will be public, where 20% of all used and received tokens will be burned.
Burning event will take place until the total supply of LOTEU is the same as the total supply of LOTES — 100 000 000, or when LOTEU starts being accepted as a payment method for buying a lottery ticket. There will be many airdrops of this token directly for the community and through LOTEO’s marketing partners, and there will be a lot of different competitions that will be rewarded with LOTEU.
There is a future long-term staking plan with LOTEU for B2B platform purposes that will be specified before the project second funding round takes place.
LOTEU OEO
-Limit date for participating is 26/06/2019 or until all LOTEUs have been sold;
-40m LOTEU available for sale;
-Unsold tokens will get burned.
