The OPN Token fuels smart contracts and powers a new way to move goods and payments through the supply chain with transparency and scalability.
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.
*We will engage in direct communication with any individual purchasing over USD 25,000 in Phase 1 or 2
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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.
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:
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