Token Economics

The ORAO token and its role in the data marketplace

The ORAO utility token is the heart's blood of the ORAO network. It serves as its central unit of staking and exchange. Anyone wishing to become a data provider or data buyer must stake an amount of tokens, and payments for data are made with the token as well.

We have made the conscious decision not to allow data providers to artificially inflate their reputation score by holding more tokens. A top score should indicate the best possible data reliability, and nothing else. However, an incentive does exist for large holders to keep their full stake in the form of increased visibility within the provider's own tier.

The ORAO network operates cross-chain through Polkadot, thus data providers must stake tokens on every chain they wish to operate on. A data provider who wants to sell the same data on both Ethereum and EOS, for example, must stake tokens on both chains.

Token Supply, Distribution, Vesting

There will be a total supply of 1,000,000,000 ORAO tokens. 290 million of these were allocated to private sales in the early days of the project, with another 66 million earmarked for the presale. Network incentives exist in the form of 200 million tokens in Validator rewards, 60 million in Customer rewards, as well as 50 million set aside to ensure liquidity and 33 million in reserves. The Team and Advisor/Partner allocations are 200 and 100 million, respectively.

Network incentives and team/advisor allocations are subject to a 3 to 18 month lockup, as shown above. They are further subject to a vesting period, as are private sale tokens.

Immediately following the Token Generation Event the circulating supply will be 36,250,000 tokens. For the purpose of token sales the market cap evaluation at that time will be a modest $543,750, with a token price of $0.015 USD. However only the market can determine prices from there.