# 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)](https://hackernoon.com/understanding-ibco-can-another-crypto-funding-mechanism-yield-accountable-results-qb4a3zi5). On April 26, 2023, a [governance vote](https://www.overthereality.ai/blog/a-new-era-for-the-ovr-token) 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.

<figure><img src="https://122322679-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fkyf19U064qDKiwqcT3EU%2Fuploads%2FLslh7FWSBP9DCWgvLnIh%2Fchart%20(1).png?alt=media&#x26;token=79b9a48f-63d8-483c-a423-c2a60fddd185" alt=""><figcaption></figcaption></figure>

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