COURT: OptionRoom Governance Token Mechanics

3 min readMay 12, 2021

We are excited to announce the details of the OptionRoom governance token: COURT.

COURT tokens first become claimable and tradeable on 13 May 2:00 PM UTC. This article aims to explain the COURT token in detail.

Summary:

COURT tokens will become claimable on the ETH network on 13th May at 2:00 PM UTC
COURT token will be listed on Pancakeswap on the 13th of May under the COURT/BUSD pair
COURT will be cross-chain between ETH and BSC using the ChainSwap bridge
Due to high ETH gas fees and feedback from our community, OptionRoom will deploy the governance module on Binance Smart Chain
The COURT token contract address on ETH is: 0x0538A9b4f4dcB0CB01A7fA34e17C0AC947c22553
The COURT token contract address on BSC is: 0x75dcb13c357983b6281bdcd57d2d6e66f8c6086a
COURT max supply is 40,000 as previously stated. Additionally, the OptionRoom team will mint 5,000 COURT tokens to be used as a governance emergency measure for the first 5 months. After 5 months all these COURT tokens will be burned permanently.

What is COURT?

COURT is the governance token of the OptionRoom ecosystem ultimately required for participating in protocol governance including forecast markets, resolution, protocol proposals, Oracle as a Service — OaaS, and future products in the OptionRoom ecosystem. Governance rewards will be paid out in ROOM tokens making the COURT token supply deflationary in nature.

COURT token metrics and listing details

COURT will be listed on PancakeSwap on the 13th of May 2:00 PM UTC
The listing price will be $200, initial total liquidity will be $200,000. Additional liquidity will be added based on redemption mechanics from HT and MATTER stakers. More about this below
Max supply: 40,000 COURT, maximum supply reached after 3 months (capped after 13 June)

After listening to the OptionRoom community feedback we decided to auction the COURT tokens for HT and MATTER stakers respectively. The community showed concerns that a large sum of the OptionRoom governance token is given away to other communities.

The earned COURT token for HT and MATTER stakers will be redeemable at $30 per COURT for MATTER stakers and at $100 per COURT for HT stakers.

Claiming procedure

To claim your COURT tokens enter: https://app.optionroom.finance/court-farming

COURT governance staking

By staking COURT into governance you gain governance rights and authenticity power. Individuals who curate and govern the OptionRoom protocol get rewarded in ROOM tokens.

To stake your COURT for governance rights and authenticity power in the OptionRoom ecosystem head over: https://app.optionroom.finance/governance

Click on Deposit Tokens and choose the COURT amount to be deposited

Timeline of upcoming features

13th of May: COURT becomes trade-able. PancakeSwap listing at 13th of May 2:00 PM UTC
End of May: COURT can be staked into governance for authenticity power
11th of June: Farming stops, COURT reaches maximum supply of 40,000
End of May/early June: Governance & Forecast Markets product launch. COURT used to farm ROOM by actively participating in the protocol.