Option token
oMAIGA option token information
Last updated
oMAIGA option token information
Last updated
In short, oMAIGA is a derivatives token that is 1:1 with MAIGA. oMAIGA token holders can only convert to MAIGA based on MAIGA token's total-collective trading volume.
The higher the trading volume, the more it unlocks!
oMAIGA option tokens functions as a tool to enable market participants; ie. early supporters, investors, community, foundation, team and etc, to participate early, unlock more liquidity to the Maiga ecosystem and MAIGA token volume, collectively. But without the impact of token dumping on TGE by anyone who gets in early.
New MAIGA tokens are only released into circulation through conversions of oMAIGA option token based on MAIGA total trading volume using smart contract and price oracle, making it transparent, immutable and fair for all participants.
oMAIGA is an option token for MAIGA.
oMAIGA 1:1 with MAIGA. So, it's 1b oMAIGA.
oMAIGA option token can't be sold, it is not tradable and non transferable.
oMAIGA can only be converted to MAIGA based on trading volume.
Read more on PoT math formula here.
Option tokens "oMAIGA" will be a erc20/bep20 token. oMAIGA token is similar to any other erc20/bep20 token except it is NOT vested based on linear-time-based vesting, but vested/converted to MAIGA based on MAIGA trading volume on both DEX and CEX.
Maiga.ai will provide the interface at Maiga.ai for the smart contract interaction. Users just need to connect their web3 wallet, and able to see how much % they would be able to convert their oMAIGA token to MAIGA token (tradeable).
MAIGA supply is fixed and is capped at a maximum of 1b tokens.
oMAIGA options are issued with a maximum of 1b oMAIGA tokens, mirroring the supply of MAIGA tokens at a 1:1 ratio.
oMAIGA are 100% distributed to the parties respectively. Therefore, no artificial time-based vesting based on a predetermined time-vesting schedule after TGE.
oMAIGA options token has no expiry date. This enables holders of oMAIGA to have maximum ownership of their trading strategy and decide what to do next; ie. trade more to unlock more liquidity.
oMAIGA is bind to the wallet address 1:1. For change of oMAIGA ownership, please contact the Maiga team.
Accumulative total collective trading volume of min to start $1 million MAIGA-LP on DEX with USD-denominated trades to start unlocking level 1 oMAIGA option token.
Further integration of CEX’s volume will also be included using Chainlink’s price oracle ensuring decentralisation and further accumulation of total trading volume (TBC)
oMAIGA option token holders have the option to convert to MAIGA at every level anytime without any pressure to exit hastily, thus, reducing token dump immediately boooooo!
oMAIGA conversions is exponential (not linear conversion), converting volumes of oMAIGA to MAIGA will become increasingly challenging overtime to ensure long term trading volume.
Link to chatGPT: https://chatgpt.com/share/678e2b59-7390-8003-b7aa-372c8ba61132
No token dumping on TGE by insiders, KOLs, and seed investors. Fair for secondary market.
Token mechanics based on trading volume and liquidity. Everyone is incentivised to trade.
Trading incentives for traders, bots, arbitrageurs and speculators. Traders risk the cost of capital to exchange incentives for sustainable trading volume.
Game theory 3,3. Everyone is incentivised to trade. “You trade, I trade, everyone wins”.
Seed investors, teams, advisors, KOLs, foundation, community, airdrop farmers, gets oMAIGA option token.
oMAIGA option token can only be converted based on MAIGA's total-collective trading volume
Traders are incentivised with oMAIGA option token for taking capital risk for trading
LPs gets organic yield from MAIGA token trading volume on DEX
Because team, advisors, investors, marketing, foundation, pre-sale are allocated with oMAIGA option token, and the only way for these option token to convert actual MAIGA token is through actual trading volume, there is no way for any insider to dump the token to the secondary market.
