OPTY Token Sale
The OPTY Token Sale is postponed until we resolve Discord Issue.
Please connect with us on:
- https://twitter.com/optyfi
- telegram: https://t.me/+1uh-NltrqGtmZjdk
Updates
- July 20, 2023: Token Sale and Treasury unlock dates specified below. Air Drop unlock date not specified yet.
(Please visit OptyFi Website closer to that time to access the Token Sale page.)
The Purpose, Utility and Tokenomics behind the OPTY Token are described in this previous article.
At token genesis, a total supply of 100MM OPTY will be minted and allocated for distribution as follows:
In this article we discuss the Token Sale highlighted above.
Token Sale
On June 23, 2023 a total of 5MM OPTY (equalling 5% of total supply) will be made available for purchase.
The OPTY Sale will be conducted in 5 rounds, with 1MM OPTY available for sale in each round. In each successive round, the purchase price of OPTY will increase starting at 0.10 USDC / OPTY in round one.
Specifically the five rounds will be conducted as follows:
Early Buyer Incentive
A very important aspect of the OPTY Token Sale is that if any of 5MM OPTY remain unsold by the end of the sale, these unsold OPTY will be distributed among Token Sale buyers.
This means that while your cost per OPTY cannot increase beyond what you paid, you may actually realize much lower cost per OPTY if all tokens are not sold (because you may receive unsold OPTY for free). To increase your chances of benefiting from this Early Buyer Incentive, it is recommended to purchase early.
Example
This example will make things clear:
Assume you purchased 100K OPTY in round 1 for 10K USDC. Thus your worst case cost would be 0.10 USDC / OPTY.
However, if the Token Sale does not fully sell out, your realized cost will reduce as you will receive a share of the unsold tokens. Depending on how much of the 5MM OPTY sells, you will realize the following:
Locking Period
After OPTY is purchased in the Token Sale, it will be locked until July 31, 2023. This locking period will (i) ensure the sale rounds are conducted in an orderly fashion, and (ii) provide the OptyFi team with ample time to deploy the Vesting Contracts (for team and investors) as well as the Air Drop contracts.
Token Sale will be available for claiming on the OptyFi website on or before July 31, 2023.
