OORT Updates Token Economic Model: Locking 800 Million OORT for 5 Years, Extending Team Token Unlock Period
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September 8, 2024
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OORT Updates Token Economics Model
OORT, a decentralized AI and DePIN project, announced an update to its token economics model. The total supply of OORT tokens remains at 2 billion. Key changes include:
- OORT Edge Network Node Rewards: 400 million OORT tokens will be allocated as rewards for OORT Edge network nodes over the next five years.
- Token Lock-up: 800 million OORT tokens will be locked for five years starting September 15, 2024. The lock-up address will be announced soon.
- Founder Team Token Unlock: The unlock period for the 200 million OORT tokens allocated to the founding team has been extended from four to six years, aligning with the long-term health and development goals of the OORT ecosystem.
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