Introducing the ROOM token
ROOM Token Metrics
ROOM is the native token of OptionRoom ultimately required as payment for OptionRoom’s products and distributed as incentives for active and honest protocol participants.
ROOM token metrics are as follows:
Total amount raised: $1,000,000
Initial market-cap on launch: $315,000
Initial circulating supply (excluding liquidity): 9.2%
Seed Round: $200,000 raised from 6 leading venture capital firms.
Private Round: $700,000 raised from strategic individuals. The average ticket size for private round was <$5,000.
Public Round: $100,000 to be raised. More information on Public Round coming soon.
Max Supply: 100,000,000 ROOM
ROOM token address: 0x3c45a24d36ab6fc1925533c1f57bc7e1b6fba8a4
Please note: To meet Compliance frameworks we prohibit investors from Belarus, Burundi, Central African Republic, Cuba, Iran, Irak, North Korea, Sudan, South Sudan, Syria, Crimea, Venezuela, Libya, Zimbabwe, Canada, US Virgin Islands, or any other possessions of the United States are not permitted to participate in any kind of sale conducted by OptionRoom.
ROOM Token Distribution:
Seed Round: 11% of total supply. 20% unlocked on TGE then 0.25% unlocked daily starting month 3 for 320 days.
Private Round: 20% of total supply. 25% unlocked on TGE then 0.5% unlocked daily starting month 3 for 150 days.
Public Round: 2% of total supply. 100% unlocked on TGE.
Protocol Rewards: 38% of total supply. Reward mechanism initiated on protocol launch and distributed over 2+ years. The reward mechanism can be adjusted by governance after protocol launch.
Team: 10% of total supply. 1 year cliff with 1 year vesting thereafter.
Foundation: 14.7% of total supply. 1 year cliff with 1 year vesting thereafter. A portion of foundation tokens will be used for COURT staking after protocol launch as an emergency measure to prevent bad actors.
Liquidity: 4,3% of total supply. 100% unlocked on TGE and used as initial Uniswap and exchange liquidity. $300,000 total Uniswap liquidity will be locked for 1 year within the first 3 days after TGE.
- We have elected to slightly reduce our total raise amount and have allocated the surplus tokens toward initial liquidity.
- Seed and Private Round investors will be vested with a more linear daily unlock schedule based on smart contracts. This is done to eliminate all major token cliffs in the following months after the initial TGE release.
ROOM token summary is as follows: