O2 DAO Initial Discord Offering

O2 DAO
3 min readNov 10, 2021

Thanks for your patience, O2ers! We have finished collecting wallet addresses from OGs for the whitelist. We have also slightly adjusted some parameters for the IDO. The changes were made thanks to community’s feedback. We also took market conditions and dynamics into consideration.

Without further ado, here are the final IDO details:

Dates and dAPP

Rules

  • Only non-US persons who are whitelisted can participate in the IDO
  • 500 OTWO will be offered for sale
  • There will be two types of allocation
  • Allocation A: 0.015 wsOHM (~$480) = 1 aOTWO
  • Allocation B: 550 USDT = 1 aOTWO
  • Allocation A is slightly cheaper (-15%) than Allocation B. The discounted price is for compensating the potential swap/bridge fee of acquiring wsOHM. Keep in mind you can always bridge (ws)OHM from Ethereum to Avalanche.
  • aOTWO will be linearly vested for 7 days following protocol launch
  • 1 aOTWO can redeem 0.01 OTWO (It was originally 1aOTWO can redeem 1 OTWO but we have edited the backing ratio to simplify the engineering, don’t worry, your aOTWO did not lose value)
  • OTWO that are not purchased will be burned

Key changes

  • OTWO offered for sale was down to 500 from 699, as we disqualified some inactive members
  • Price for Allocation B was adjusted due to wsOHM’s price increasing

OTWO supply and price

  • The initial supply of OTWO will be 1,000 minus the burned OTWO
  • 10% of the total OTWO supply will be used for development and protocol growth
  • Roughly 10–30% of the total OTWO supply will be added as initial liquidity
  • The actual numbers will depend on the final IDO outcome and any unused OTWO will be burned
  • OTWO-wsOHM pool will open at 1 OTWO = 0.03 wsOHM
  • OTWO-USDT pool will open at 1 OTWO = (0.03 wsOHM worth equivalent) USDT
  • All raised funds will be 100% used for treasury and initial LPs

Contracts (verified on Snowtrace.io)

Disclaimer

The information provided in this Medium Post pertaining to O2DAO (“O2DAO”), its crypto-assets, business assets, strategy, and operations, is for general informational purposes only and is not a formal offer to sell or a solicitation of an offer to buy any securities, options, futures, or other derivatives related to securities in any jurisdiction and its content is not prescribed by securities laws. Information contained in this Medium Post should not be relied upon as advice to buy or sell or hold such securities or as an offer to sell such securities. This Medium Post does not take into account nor does it provide any tax, legal or investment advice or opinion regarding the specific investment objectives or financial situation of any person. O2DAO and its agents, advisors, directors, officers, employees and shareholders make no representation or warranties, expressed or implied, as to the accuracy of such information and O2DAO expressly disclaims any and all liability that may be based on such information or errors or omissions thereof. O2DAO reserves the right to amend or replace the information contained herein, in part or entirely, at any time, and undertakes no obligation to provide the recipient with access to the amended information or to notify the recipient thereof. The information contained in this Medium Post supersedes any prior Medium Post or conversation concerning the same, similar or related information. Any information, representations or statements not contained herein shall not be relied upon for any purpose. Neither O2DAO nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this Medium Post by you or any of your representatives or for omissions from the information in this Medium Post. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed in this Medium Post.

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O2 DAO

A decentralized treasury-backed currency protocol that is backed by OHM. $OTWO is backed by $OHM