Oxygen is part of a movement to replicate the financial constructs of traditional finance, without centralized control and intermediaries, and to make them accessible to everyone. Excitement and interest from the DeFi community is booming and we are more than happy with the amount of feedback and community engagement we’ve been receiving. All of our partners, builders, supporters, and investors — along with the DeFi community — are ready to breathe new life into the financial systems.
We’re excited to announce our expansions on our commitments to the long-term success of Oxygen. Our team and early contributors agreed to additional token lock-ups to reduce the initial circulating supply of OXY.
The circulating supply will have a hard cap of 250m for the first year. The team has agreed to the initial circulating supply and to release further tokens only if and when they are necessary to provide liquidity and meet extraordinary demand.
More specifically, the hard cap of 250m includes IEO’s and auctions, liquidity (AMMs, DEXes, CEXs, etc), and the Oxygen, Maps.me, and Serum ecosystems to drive the community and encourage app usage (airdrops, staking, farming, grants, in-app purchases, etc). It’s important to reiterate that all presale and team tokens are fully locked for the first year with linear vesting for the five years after that. The team and investors are committed to the long-term — and hopefully booming — success of Oxygen.
Thank you again for all your interest in the OXY token ecosystem: we can proudly say that we have dedicated participants looking out for the success of the Oxygen, Serum, and Solana ecosystems. And this gives us pride in the initial growth conditions for Oxygen and its community.
Update (March 10):
We would like to add that out of the 250M initial circulating supply for the first year, 125M will be for liquidity provision (AMM’s, DEX’s, CEX’s), IEO’s, and auctions, and the remaining 125M will be for the Oxygen, Maps.me and Serum ecosystems (including airdrops, staking, farming, and other ecosystem incentives which will be announced in due course). Please also note that after the IEO, the team will not sell circulating tokens below the IEO price. Future supply adjustments may take place in buy-back or buy-and-burn or similar programs.
Website: https://oxygen.org
Twitter: https://twitter.com/oxygen_protocol
Telegram community: https://t.me/oxygen_protocol
