The OPN Token fuels smart contracts and powers a new way to move goods and payments through the supply chain with transparency and scalability.

Outline

There will be two token generation events for the OPN Token, the first phase of the token generation event (TGE Phase 1) will occur in Q3 2018 and the second phase of the token generation event (TGE Phase 2) will occur in Q2/Q3 2019. OPN Tokens issued during the TGE Phase 1 will conform to the ERC-20 standard.

  • Phase 1

    Target
    Public
    Offering
    ERC20
    Location
    In jurisdiction vetted by legal
    Price
    0.5 USD/OPN
    Raise Amount
    Approx. 5,000,000 USD
    Per Person Limit
    200-25,000 USD*
  • Phase 2

    Target
    Public
    Offering
    New Protocol Token when Main Net is ready (H2 2019)
    Location
    In jurisdiction vetted by legal
    Price
    As determined by auction/market price at the same time
    Raise Amount
    As determined by auction/market price at the same time
    Per Person Limit
    200-25,000 USD*

*We will engage in direct communication with any individual purchasing over USD 25,000 in Phase 1 or 2

Whitelist

Subscribe for an invite to the KYC application process.

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About the Token

The TGE Phase 1 shall be comprised of a private purchaser pre-sale and a public purchaser main sale. Upon implementation of the OEL Foundation main net, TGE Phase 2 will take place as a public sale in 2019. This sale will comprise an issuance of new tokens at the then prevailing market price and, if relevant, an issuance of replacement OPN Tokens for holders of ERC20-compliant OPN Tokens.

Participants in OPN Token sales will undergo screening processes to comply with KYC/AML (Know Your Customer/Anti-Money-Laundering) regulations of vetted jurisdictions.

Token supply

OPN Token supply is fixed at 100,000,000 tokens with initial distribution in TGE Phase 1 and Phase 2 in Q3 2018 and Q2/Q3 2019, respectively. The intended token distribution is shown below:

Reserves and stake rewards
47.5
Management & Staff
10
OpenPort Ltd
10
Advisor/Partner
5
Community Rewards
2.5
Public (Pre-Sale)
15
Public (Main Sale)
10
Maximum token supply
100M Tokens
TGE token price
0.5 USD/Token
TGE Token
ERC20
Soft cap
4 million USD
Hard cap
15 million USD (including pre-sale amount)
* Reserves include token allocation for TGE phase 2 in 2019

Token roles

  • Smart Contracts
    Fuel validation by nodes under an industry standard consensus mechanism
  • Micro-rewards
    Reward active and passive data sharing by participants in the supply chain
  • Point of access
    Participants in the network need to own a given number of tokens to push, be party to a smart contract and / or receive information from the network
  • Stake
    Stake tokens to run a node on the network

TGE Tokens = ERC20

OPN Tokens issued during the TGE Phase 1 will conform to the ERC-20 standard. Should the OEL Foundation change components within the OEL Enterprise Architecture, and a different underlying token standard be used, there will be an exchange of OPN Tokens on a one-for-one basis with native tokens on the new technical infrastructure.

Disclaimer: ERC-20 token will not have all the functions of the OPN token but will be used for micro-rewards