The Ouroboros ($ORX) Token

ORX Token Details and Overview

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.