Opporty Updates Token Sale Structure, Implements New Policy for Unsold Tokens

Hello everyone!

With Opporty’s public token sale kicking off in less than one month, we have been busy, coming up with new ways to reward our potential contributors and raise interest in the Opporty project. Recently, the team decided to adjust our token sale structure and implement a new policy for managing unsold tokens. Read the details below!

Token Sale Structure Updates

Initially, Opporty planned to release and distribute one billion OPP tokens, with 25% to be released in Phase I and 40% allocated to Phase II. However, this plan was devised when Ether’s price was below $400 USD.

Due to Ether’s rising cost, the Opporty team has decided to lower the hard cap from one billion to 300 million OPP tokens. Since Ether costs more (and will apparently cost more in the immediate future), we will be able to meet our development and marketing goals with fewer OPP funds attracted during our private and public token sales.

On top of that, Phase I and Phase II have traded places. Now, we plan to release and distribute 40% (or 120 million OPP) in Phase I, with 25% (or 75 million OPP) allocated to Phase II as Growth Reserve. Doing so will incentivize the community to give Opporty a head start at its earliest stages of development.

Token Policy Updates

Throughout the preparations leading up to our private and public token sales, we proposed several strategies for dealing with unsold tokens. For instance, we considered an option to airdrop all unsold tokens, or keep them on hold for another three years. Yet, those options did not satisfy our potential contributors.

From now on, Opporty will implement a new policy of managing unsold tokens — all tokens not sold in Phase I will be burned. Doing so will provide participants of our private and public token sales with favorable terms, which may secure their OPP holdings.

We hope you find this information interesting. Stay tuned for more updates!