OPZ Token Overview
Last updated
Last updated
OPZ, the native and cryptographically secured token of the OPZ platform, is designed to play a central role in the ecosystem, facilitating transactions, rewarding participation, and driving community governance initiatives.
Total OPZ Supply: 1,000,000,000 OPZ
Once the total supply of 1 billion OPZ tokens is distributed, no more OPZ tokens will be introduced.
The total supply of OPZ tokens will be capped at 1 billion tokens, ensuring a deflationary model that potentially appreciates value as demand increases. The distribution is planned over a period of 6 years to ensure a gradual market entry that supports price stability and sustained growth.
Community Allocation (50% - 500,000,000 OPZ):
Trading Rewards Program (14% - 140,000,000 OPZ): Rewards users based on their trading volume and engagement on the platform. The rewards are structured to incentivize both short-term participation and long-term loyalty.
Liquidity Providers Program (7% - 70,000,000 OPZ): Encourages users to provide liquidity to the platform’s pools, enhancing the depth and stability of the market.
Staking Rewards (8% - 80,000,000 OPZ): Users can stake their OPZ tokens to receive rewards, contributing to the platform's security and governance.
Community Treasury (15% - 150,000,000 OPZ): Reserved for future community initiatives, governance proposals, and ecosystem development projects voted by OPZ holders.
Airdrops (6% - 60,000,000): OPZ plans to distribute tokens through multiple rounds of airdrops. The airdrops are intended to engage existing users, increasing liquidity in the ecosystem and attract new participants to the Bitcoin Layer 2 ecosystem.
Investor & Employee Allocation (50% - 500,000,000 OPZ):
Investors (12% - 120,000,000 OPZ): Rewards early backers of the project, with a vesting period structured to align with the long-term success of the platform.
Team and Founders (8% - 80,000,000 OPZ): Allocated to the core team and founders as an incentive for their continued commitment and development of the platform. Vesting periods apply to ensure alignment with the platform’s growth and success.
Advisory Board (0.8% - 8,000,000 OPZ): Allocated to advisors who provide strategic, technical, and business guidance. This is vested over a period to ensure ongoing support and alignment with the platform’s objectives.
Presale (20% - 200,000,000 OPZ): The presale is split into 6 stages, with prices starting from $0.028.
Employee Incentive Plan (EIP) (2% - 20,000,000 OPZ): Reserved for future employees as part of an incentive program to attract and retain talent.
Reserved for New Strategic Investments (7.2% - 72,000,000 OPZ): Set aside for future investments, partnerships, or acquisitions to grow and expand the platform's capabilities and market presence. OPZ tokens in the New Strategic Investments may be staked to generate further reserves to fund further development and to promote and encourage the use of the protocol by the community.
Trading Rewards Program
14.0%
140,000,000
Liquidity Providers Program
7.0%
70,000,000
Staking Rewards
8.0%
80,000,000
Community Treasury
15.0%
150,000,000
Presale
20.0%
200.000.000
Investors
12.0%
120,000,000
Team and Founders
8.0%
80,000,000
Advisory Board
0.8%
8,000,000
Employee Incentive Plan (EIP)
2.0%
20,000,000
Reserved for New Strategic Investments
7.2%
72,000,000
Airdrops
6%
60.000.000
Vesting Schedule: To ensure long-term commitment and reduce market volatility, tokens allocated to investors, team members, and advisors will have a cliff period implemented to safeguard the token’s performance and value.
Investors
12.0%
0.0%
12 Months Cliff, Linear Unlock, 24 Months
Team and Founders
8.0%
0.0%
24 Months Cliff, Linear Unlock, 24 months
Trading Rewards Program
14.0%
5.0%
28 Days Cliff, Linear Unlock, 60 Months
Community Treasury
15.0%
5.0%
28 Days Cliff, Linear Unlock, 72 Months
Presale
20.0%
12.5%
4 Months Cliff, Linear Unlock, 12 Months
Staking Rewards
8.0%
5.0%
28 Days Cliff, Linear Unlock, 72 Months
Liquidity Providers Program
7.0%
5.0%
28 Days Cliff, Linear Unlock, 60 Months
Reserved for New Strategic Investments
7.2%
0.0%
28 Days Cliff, Linear Unlock, 28 Months
Airdrops
6.0%
50.0%
Linear Unlock, 12 Months
Employee Incentive Plan (EIP)
2.0%
0.0%
24 Months Cliff, Linear Unlock, 28 Months
Advisory Board:
0.8%
0.0%
24 Months Cliff, Linear Unlock, 28 Months
Staked coins during the presale have a different vesting schedule from presale tokens. They release 5% at TGE. Staked coins locked for less than one year follow a 5% TGE release, with a 6-month cliff and 12-month linear unlock. Staked coins for 1 year or more follow the same presale vesting with 100% released at the end of the presale vesting period.
Giveaway Tokens: 5% released at TGE, followed by a 6-month cliff, then a 12-month linear unlock.
Governance: OPZ token holders will have governance rights, allowing them to propose and vote on platform upgrades, token utility, and community initiatives. The primary purpose is facilitating community engagement, decision-making, and incentivization within the Bitcoin Layer 2 network. The OPZ governance is based on the AAVE governance contracts.
Burn Mechanism: A portion of the tokens used in transaction fees, or a percentage of the tokens in the treasury, can be burned periodically, ensuring a deflationary pressure on the total token supply and potentially increasing the value per token.
Staking and Delegating: OPZ holders can stake their tokens to participate in the platform’s security and governance.
Insurance Fund: A portion of transaction fees will be allocated to an insurance fund to protect and insure the platform’s operations and users’ interests.
By creating a balanced tokenomics model, OPZ aims to build a sustainable and thriving ecosystem that rewards participation, ensures platform security, and aligns the long-term interests of all users.
Address: 0x18E1B6AA7ef866Eba192f2817D43bAE92D75c817
(Do not send any tokens to this address)
Decimal: 18
Network: ERC20
Symbol: OPZ
Name: OPZ Token
Disclaimer: OPZ reserves the right to make adjustments to this whitepaper at any time.
By using the OPZ Protocol and holding the OPZ token, users acknowledge that they have read, understood, and accepted the risks described below:
OPZ does not represent any shareholding, ownership, participation, right, title, or interest in OPZ Protocol or any of its affiliates, or any other company, enterprise, or undertaking; nor will OPZ entitle token holders to any promise of fees, dividends, revenue, profits, or investment returns; and they are not intended to be securities in any jurisdiction.
OPZ may only be utilized on the OPZ Protocol, and ownership carries no rights, express or implied, other than the right to use OPZ to enable usage and interaction within the OPZ Protocol. The secondary market pricing of OPZ is not determined by the OPZ team's efforts, and no token functionality or scheme is intended to control or manipulate such secondary pricing.
OPZ is designed to be utilized, and it is highlighted that OPZ :
(A) does not have any tangible or physical manifestation and does not have any intrinsic value (nor does any person make any representation or give any commitment as to its value);
(B) is non-refundable and cannot be exchanged for cash (or its equivalent value in any other digital asset) or any payment obligation by OPZ Protocol or any of its affiliates;
(C) does not represent or confer on the token holder any right of any form with respect to OPZ Protocol or any of its affiliates, or their revenues or assets, including without limitation any right to receive future dividends, revenue, shares, ownership right, or stake, share or security, any voting, distribution, redemption, liquidation, proprietary (including all forms of intellectual property or license rights), right to receive accounts, financial statements or other financial data, the right to requisition or participate in shareholder meetings, the right to nominate a director, or other financial or legal rights or equivalent rights, or intellectual property rights or any other form of participation in or relating to OPZ Protocol or any of its affiliates;
(D) is not intended to represent any rights under a contract for differences or under any other contract, the purpose or intended purpose of which is to secure a profit or avoid a loss;
(E) is not intended to be a representation of money (including electronic money), payment instrument, security, commodity, bond, debt instrument, unit in a collective investment or managed investment scheme, or any other kind of financial instrument or investment;
(F) is not a loan to OPZ Protocol or any of its affiliates, is not intended to represent a debt owed by OPZ Protocol or any of its affiliates, and there is no expectation of profit nor interest payment;
(G) and does not grant the token holder any ownership or other interest in OPZ Protocol or its affiliates. Regardless of OPZ distribution or payment, users have no economic or legal rights to or beneficial interest in the assets of OPZ Protocol or its affiliates.