The “DAO” is one of the most important innovations in the crypto world, where people are able to coordinate, invest and work with economic certainty due to the immutable and open-source nature of the blockchain. Since the concept of “DAO” was introduced, the crypto world has been exploring the “DAO” mode. The DAO “paradigm” has been explored and different innovations and definitions have been tried in the process of exploring the DAO.
We believe that “DAO” is an innovation. It is a self-evolving model hard to be defined and can only be optimized. In the practice of “DAO”, we will try our best to achieve proposals of innovation as much as possible, to reduce the possibility of drawing confusion and unprofessional opinions. By reducing the chance of potential corruption and monopoly, we try to make DAO become an organization of fairness, and all the beneficiaries can benefit from their property and time. In addition, people can participate in it more easily and efficiently, and everything will run in accordance to the consensus. We hope to bring more optimization and self-improvement of DAO through our efforts, trying to establish a new order through the O2 platform which is difference from the consensus effect of previous DAO. That is how the real DeFi 2.0 should be like.
We aspire to realize decentralized fairness and freedom, similar as oxygen, which is the fairest resource in the world, not discriminates against any ethnic group, is not controlled by any political party. God created the oxygen on the second day, and everyone can have it. Since the time when the O2 platform came into being, we have been practicing the vision of DAO which enables the fairness and freedom existing like oxygen, filling the whole earth.
We hope that the O2 platform will provide a new platform for grant for all teams exploring DAO in the crypto world, break the old style of altruism and empower O2 with investment attribute. We understand that the crypto world has many talented developers working together and needs a channel to showcase, grant or finance. We are willing to pave the way for explorers, provide clear and certain return for investors, and provide a fair and free environment for the community.
7 systems for continuous development
The O2 platform has seven systems for continuous development: income system, grant system, advertising system, burning system, staking system, investment system, DAO system.
Income system
1、Transaction tax:
When a transaction or transfer occurs, O2 tokens will be transferred to the revenue system for redistribution, with less than 1% tax. 40% of the O2 tokens of the transaction tax will be transferred to the investment system to become an investment fund. 30% of O2 tokens of transaction tax will be transferred to the staking system, and the staking system will distribute proportionally for donors. 30% of the O2 tokens of transaction taxes will be transferred to the Black Hole account for burning.
2、Grant fee:
5% of the total grant funds of any team will be deducted as grant processing fee. 40% of the processing fee will be ETH + O2 LP tokens locked in the Uniswap pool for market making, and the LP Token can be collected from the O2 platform 120 days after the project launches a rebate. 20% of the processing fee will be allocated to the O2 (technical) DAO team, which consists of excellent anonymous developers from around the world, who will continuously provide technical upgrades and maintenance services for the O2 platform through orders. 20% of the fee will be allocated to the O2 (Marketing) DAO team, which is made up of the best international community representatives who continue to provide communication power for the O2 platform. The remaining 20% of the fee goes to the investment system. It is important to emphasize here that O2 tokens will be fully liquid when they go online, with no excess tokens to incentivize technical and marketing operations, so the processing fee provides sustainable momentum in all direction.
Grant system
We provide crypto world developers with a more friendly grant system, more flexible launch settings, a wider user base, and a powerful investment decision mechanism to provide one-stop financing services for quality project launches. 5% of the total grant amount becomes the grant processing fee to empower the O2 platform.
Advertising system
The featured advertising grant mechanism will allow each fundraising team to submit projects that can gain more exposure rate and the opportunity to receive a certain percentage of investment; each fundraising team can grant O2 tokens for the burning process through an exclusive channel, making their ranking rise. The system will generate an executable investment amount through a weighted calculation based on the number of people and the total amount of advertising grant for a single project, which will be automatically generated as a proposal to be submitted to the investment system for voting based on the ranking of popularity.
Burning system
We believe that a good token economic model, relying on strong destruction capability. Once O2 tokens online, it is in full circulation, and there are four turbo-type burning engines that can keep O2 tokens in a deflationary state for a long time.
1. Transaction tax destruction. For each transaction or transfer, 0.3% of the total transaction or transfer O2 tokens will be transferred to the black hole for destruction.
2. Investment income destruction. 30% of the income from the investment system will be used to buy back and burn O2 tokens.
3. Advertising revenue burning. All advertising grant revenue will be transferred to the black hole account for burning.
Stake system
How can we get better returns for coin holders who have high expectations of the project? We optimize the return by increasing the rate of return based on the relationship between assets and time while continuously increasing the value. The stake system uses a live lock mechanism. The longer the lock, the higher the weighted number of returns obtained.
1、Transaction tax distribution: For each transaction or transfer, 0.3% of the total amount of O2 tokens will be staked to the staking system and allocated according to the staking ratio.
2、Investment revenue distribution: 70% of the revenue of the investment system will be allocated to the person who pledgers.
The stake system also provides a more convenient vote entrustment function, where the holder can transfer the voting rights obtained from the stake to other pledgers, and eventually, the 21 representatives with the highest voting rights will form a decision-making group to vote, making investment decisions more centralized and investment opinions more professional.
Investment system
We try to simplify the process of the investment decision, for example, in the professional judgment of the investment proposal, the O2 system will automatically generate an investment proposal once the popularity ranking of the advertising system reaches a threshold value, and the investment decision team will choose to invest or not by taking the project situation into consideration, and the whole process will be completed in a very short time. For example, the total investment amount will be calculated by adding the basic investment amount to the number of advertising grant accounts in the advertising system and the total amount of grant, with the maximum investment amount for a single project not exceeding 20% of the available funds in the investment system. The whole investment will be completed by contract, key indicators such as the growth rate of the number of coin holders, the total market value increase, and the spread (community) heat value will control the selling strategy. The abovementioned investment system strategy will be open source after stable operation.
The overall strategy will be influenced by key parameters set by the 21 investment decision panel; to achieve the fairest investment decision.
DAO system
Right to make investment proposals: proposals are automatically promoted according to the advertising grant system and the level of popularity.
Investment voting rights: All token-holding stakers can realize their own or proxy voting rights through a more convenient staking system.
O2 (investment) DAO: the 21 holders with the highest vote based on their proposal time have the right to vote on proposals (one vote per person) and participate decision making on investment projects.
O2 token model and grant rules
The estimated volume of issue is 1,000,000,000 O2 tokens.
Grant rebate: There will be four phases: 100 million tokens in the first phase, 200 million tokens in the second phase, 300 million tokens in the third phase, and 380 million tokens in the fourth phase.
The number of exchange pool: When the tokens are unified and open for collection, a liquid pool will be established in Uniswap, and the pool building ratio will be based on: the fourth-period base price * 120% which equals to flow pool building exchange price; the pool building fund source is 2% of the total grant funds of the four periods, and we plan to set aside about 20 million O2 tokens for the matching pool building, after matching the exchange price based on the fourth period base price * 120%, the unmatched O2 tokens will be transferred to the black hole address for burning;
DAO Pricing:
The first-period benchmark price: The first period adopts “DAO pricing”, the first period does not set the price, the donor initiates a grant to the platform and locks in an unlimited amount of ETH. The platform divides the total amount of pledges by the 100 million tokens that can be raised in the current period to arrive at the first-period grant benchmark price and gives back 100 million O2 tokens according to the percentage of pledges.
Current benchmark price: From the second to the fourth period, the current grant benchmark price is the previous grant benchmark price * 120% pricing, each period will be stacked 120% for the current benchmark price. If the current grant fund is larger than the current grant benchmark price * the number of tokens returned this period, the actual grant price for the current benchmark price.
Failure to complete 100% grant volume: In addition to the first issue, if the remaining 3 issues do not 100% meet the grant target, the amount of the grant amount would divide by the previous period’s benchmark price and multiply 120% of the quantity and would be proportionally released to the donor, and burn the unpledged tokens of current period.
DAO ration:
1 billion will be issued. No token reward for founding developers and volunteers. The total amount of issue will be finalized based on the four grant, and the total amount will be fewer than or equal to 1,000,000,000.
DAO Dividend:
All pledged O2 users will get the right to vote and participate in the governance of “DAO”, and in return, all pledged tokens will get a dividend from the platform.
Coin issuance:
Coin issuance will be 24 hours after the completion of the fourth phase of the fundraising, so that all donors can receive O2 tokens in a fair manner.
Grant time:
48 hours for each grant period; 24 hours between each period, with 11 days for the four periods.
How to use the granted funds:
Fund use in the first phase: The first phase of the project will have 10% of the tokens granted back to the project, 95% of which will enter the “O2 Survival and Development Fund” based on the rules of the O2 platform, which will be used for the initial development and maintenance of the platform, and for marketing and promotion in the early stage.
Use of funds in the second phase: The second phase of the project is planned to be used for the staking system, investment system, and other allocation purposes.
Use of funds in the third phase: the third phase of the project is planned to be used for the staking system, investment system, and other allocation purposes.
Use of funds in the fourth period: the funds in the fourth period of the project are planned to be allocated and used for staking systems, investment systems, etc.
5% of the total granted funds obtained in the abovementioned four phases will be transferred to the income system according to the ratio of grant fees, of which 40% of the funds awarded to the teams will be used to establish the ETH+O2 transaction pool on the Uniswap platform and transfer LP Token to the Black Hole address for a permanent lock.
