maiga
  • Intro to Maiga.ai
    • Maiga litepaper
  • Maiga Intro
    • 🤖What is Maiga.ai?
    • ❓Why Maiga.ai?
    • ⏳Market gap
    • 🦸Use case
  • Maiga Tech
    • 🦾AI Agent
    • 👷How it works?
      • Features
      • Examples
      • 🆚Comparison
    • 🦿Technology
      • Architecture
      • Key Elements
      • LLMs
      • 👻Abstraction
    • 🚀Launchpad
    • 🚆Roadmap
  • MAIGA token
    • 🙌Introduction
      • PoT whitepaper link
    • 🍯“Proof of Trading”
      • Math formula
    • 🗝️Option token
    • ℹ️Token utility
    • 🚀Tokenomics
    • 🥧Allocation
    • 🎰Game Theory 3,3
    • 🤑Incentives
    • 🦄Public sale & IDO
  • Incentives
    • 🤑Boost XP
      • 🎁Reward Hash
      • ➡️How to Boost XP?
      • FAQ
    • 🚀Pre-TGE campaign
  • Maiga links
    • 🔗Official links
Powered by GitBook
On this page
  • What is oMAIGA option token?
  • oMAIGA option token
  • How to convert oMAIGA to MAIGA
  • Summary
  • Requirement for conversion of oMAIGA to MAIGA token
  • What are the benefits of option token?
  • How does this option token works?
  1. MAIGA token

Option token

oMAIGA option token information

PreviousMath formulaNextToken utility

Last updated 2 months ago

What is oMAIGA option token?

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 option token

  • 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 .

How to convert oMAIGA to MAIGA

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.

Summary

  1. MAIGA supply is fixed and is capped at a maximum of 1b tokens.

  2. oMAIGA options are issued with a maximum of 1b oMAIGA tokens, mirroring the supply of MAIGA tokens at a 1:1 ratio.

  3. oMAIGA are 100% distributed to the parties respectively. Therefore, no artificial time-based vesting based on a predetermined time-vesting schedule after TGE.

  4. 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.

  5. oMAIGA is bind to the wallet address 1:1. For change of oMAIGA ownership, please contact the Maiga team.

Requirement for conversion of oMAIGA to MAIGA token

  1. 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.

  2. 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)

  3. 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.

What is the example of this calculation?

What are the benefits of option token?

  1. No token dumping on TGE by insiders, KOLs, and seed investors. Fair for secondary market.

  2. Token mechanics based on trading volume and liquidity. Everyone is incentivised to trade.

  3. Trading incentives for traders, bots, arbitrageurs and speculators. Traders risk the cost of capital to exchange incentives for sustainable trading volume.

  4. Game theory 3,3. Everyone is incentivised to trade. “You trade, I trade, everyone wins”.

Trading volume attracts liquidity, and volatility attracts speculators & traders

How does this option token works?

  1. Seed investors, teams, advisors, KOLs, foundation, community, airdrop farmers, gets oMAIGA option token.

  2. oMAIGA option token can only be converted based on MAIGA's total-collective trading volume

  3. Traders are incentivised with oMAIGA option token for taking capital risk for trading

  4. 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.

Maiga.ai will provide the interface at 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).

Link to chatGPT:

🗝️
Maiga.ai
https://chatgpt.com/share/678e2b59-7390-8003-b7aa-372c8ba61132
PoT math formula here
Math formula | maiga
Proof of trading PoT token model calculations
Logo
Link to chatGPT:
https://chatgpt.com/share/678e2b59-7390-8003-b7aa-372c8ba61132