The Ouroboros ($ORX) Token

ORX Token Details and Overview

ORX

• Name: Ouroboros

• Symbol/Ticker: ORX

• Contract Address: 0xd536e7a9543cf9867a580b45cec7f748a1fe11ec

• Max Supply: 1,270,600,000 (but likely to be much lower. See Vesting Schedule for more details)

  • Supply Breakdown:

    • 1,000,000,000 tokens emitted via the launch mechanism

    • 600,000 tokens emitted for initial liquidity provisioning (locked, smart contract controlled)

    • 20,000,000 tokens which may be emitted via the onboarding system

    • 200,000,000 Backstop Pool incentives (optional, not on at launch)

    • 50,000,000 USDX/WETH incentivised UniswapV2 farm (optional, not on at launch)

Purpose

The ORX token sits at the center of the Ouroboros ecosystem, and acts as the primary value accrual mechanism for the protocol. Any products launched under the Ouroboros umbrella will be required to divert fee sharing/inflationary rewards to ORX holders. Protocols which have no fee/inflation structure should make use of ORX in some manner to enrich it with usecase/utility.

Further Reading

1. Pumpamentals

2. Launch Mechanics