⚖️OVR Token Supply & Distribution
OVR Token Supply
The OVR token was launched in December 2020 on the Ethereum blockchain via an Initial Bonding Curve Offering (IBCO). On April 26, 2023, a governance vote by token holders permanently concluded the IBCO. This decision fixed the total and final supply of OVR tokens at 89,893,756.
Token Distribution and Vesting Schedule
Token vesting, enforced by on-chain smart contracts, commenced on December 20, 2020. The distribution was allocated as follows:
Equity Subscribers: 4,250,000 OVR
Cliff Period: 15 days post-IBCO launch.
Vesting Period: Linear release over 72 months.
Vesting Smart Contract: 0xE07f85362fe0d14d4F2b272b98d67B50A3148072
Private Sale Contributors: 3,168,000 OVR
Cliff Period: 15 days post-IBCO launch.
Vesting Period: Variable, ranging from no lock-up to 12 months.
Team Fund: 26,500,000 OVR
Purpose: To incentivize team members for long-term commitment.
Cliff Period: 15 days post-IBCO launch.
Vesting Period: Linear release over 48 months.
Vesting Smart Contract: 0xCEE8fcBC9676A08B0a048180d99b41a7F080bB78
Advisors: 5,950,000 OVR
Cliff Period: 15 days post-IBCO launch.
Vesting Period: Linear release over 24 months.
Vesting Smart Contract: 0xC1D9261cBc6DeD410dC81929EBB0871471E7e9D3
Bounty Program: 1,500,000 OVR
Purpose: To reward community members for participating in treasure hunts and other campaigns.
Cliff Period: 15 days post-IBCO launch.
Vesting Period: Linear release over 3 months.
Foundation - Community Rewards: 20,000,000 OVR
Purpose: For community rewards from activities like operating IPFS nodes, staking, liquidity mining, and voting.
Vesting Period: Governed by token holder votes but cannot exceed a hardcoded linear release over 72 months.
Vesting Smart Contract: 0x0965cBf02906b8c854037A16D4f39456444cE600
Foundation - Ecosystem: 20,000,000 OVR
Purpose: To support the growth and development of the ecosystem.
Vesting Period: Governed by token holder votes but cannot exceed a hardcoded linear release over 72 months. These funds may also be burned based on community governance decisions.
Vesting Smart Contract: 0xe3729fA98e1bC66750F986E95b37044B06D26D73
Contingency Liquidity Bootstrapping: 320,000 OVR
Purpose: Reserved for liquidity bootstrapping on partner exchanges during the IBCO launch. Unused tokens were designated to be burned.
As of today, the majority of these vesting contracts have completed their distribution schedules, resulting in a wide and decentralized token holder base.
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