What is OTO DAO?
The premise behind OTO Venture Capital DAO is fairly straightforward — democratizing venture capital and investor access. OTO is an investment DAO (decentralized autonomous organization) operating on Binance Smart Chain that incubates promising projects. With the primary objective of creating wealth for its HODLers and supporters, the OTO DAO features a codified dividend distribution system that is self-executed through smart contracts. OTO’s inherent culture is to reward long-term vision over short-term speculation. Therefore, OTO rewards long-term investors over day-trading speculators and whales who dump.
Here is all you need to know.
OTO Tokenomics
Six key principles define OTO’s tokenomics. These are:
1. Fair Launch
OTO has a 100% fair launch, of which there is no team or treasury allocation. Once the fair launch started at BSC Block 10449269, everyone had a fair chance to buy. There is no team token, advisor token, or investor token. As day 1 liquidity, the whole OTO circulation was transferred to PancakeSwap, and subsequently, the LP token was burned.
Once the OTO liquidity pair was established on PancakeSwap, 100 percent of OTO’s total circulation and 1 BNB were seeded as the initial starting liquidity. The LP token for seed liquidity was then burned to prevent anyone from accessing or withdrawing the liquidity, and the whole OTO circulation became community-owned at that point.
2. Reward HODLing
Being a HODLer simply means that you are a cryptocurrency holder and HODLing means that you are holding. As an investment DAO, OTO is a decentralized venture capital protocol that rewards long-term investors instead of short-term investors seeking to dump or speculate.
In an effort to discourage excessive speculative trading, OTO imposes a 5% fee on transfers of OTO (whether they are transfers-out, creation of airdrops, or sales). To reward HODLers who have staked OTO, the fee is pooled and is distributed proportionally by block. This is how OTO encourages long-term commitment to the project and its incubation projects.
3. Reward Referrals
One of the key features of the OTO Protocol is that it has a structured incentivized referral program that rewards users who refer their friends and others to join the OTO community. The OTO reward program has two levels; hence users can benefit from the activities of both direct and indirect referred users. Here are the steps to start the referral program.
- To refer others, you must be referred first
Before you can generate a referral URL or make an airdrop to recommend others to OTO, you must first have a referrer. The ability to refer people will be restricted if you do not have a referrer. Users can easily get a referrer by accepting an airdrop from a referrer or by buying some OTO from a referrer’s referral link.
- Referral through the referral link
You can start referring others to OTO once you have a referrer. Visit the OTO Referral Page to get your referral link and copy your referral link by clicking “Referral Program” or “Copy Invitation.” When a referred user makes their first OTO purchase after clicking the link, the referral relationship is activated.
- Referral through airdrops
Once you have a referrer, you can also refer individuals to OTO by creating an airdrop. However, please note that creating an airdrop incurs a 5.0% fee, and your airdrop will have no referral effect if the airdrop receiver already has an existing bound referrer.
Typically, an OTO referrer receives referral rewards when:
- A referred user buys OTO from the OTO Buy Page.
- A referred user transfers away OTO.
- A referred user sells OTO on any swap.
- A referred user creates an airdrop.
4. Accumulative Liquidity
A part of the fees paid by OTO outgoing transfers and sales (0.5%) is allocated to OTO’s PancakeSwap liquidity pair. For every 250,000,000,000 OTO that is accumulated, this liquidity supply will occur automatically. Furthermore, the LP token for this liquidity provider has been burned, ensuring that the liquidity provided by this LP can never be removed. As a result, OTO’s price floor continues to rise.
5. Whale Traps
OTO DAO is strongly committed to its vision of encouraging long-term investors over short-term speculators. Therefore no single transfer can exceed 500 million OTO in size. This helps to encourage decentralization while discouraging whales from hoarding too much OTO.
6. 100% Community Owned and Governed
Since its fair launch on PancakeSwap, OTO has been entirely owned by the community. OTO is all for community and governance issues, such as incubation decisions and profit-sharing arrangements, and all decisions are made by token votes on the Governance Page.
Based on the quantity of OTO possessed, OTO uses a one-token-one-vote democratic governance approach where, instead of being constrained to a few VC partners, the authority to determine OTO’s venture capital incubations and other crucial decisions is equitably and transparently distributed among token holders. Profits (mostly in BNB, BTC, or USDT) from incubated projects will be automatically harvested and autonomously swapped for OTO on PancakeSwap at market pricing. This ensures a continual market support for the OTO DAO Token.
Furthermore, the owner of incubated OTO projects will be OTO’s smart contract. As a result, these incubated smart contracts will self-enforce a fair, transparent, and autonomous distribution of project revenues and cash flow to OTO.
Conclusion
The OTO Protocol is an innovative ecosystem for all participants that promotes features like fair launch, community governance, and long-term investing. To learn more about OTO Venture Capital DAO and how it works, check out the following links to stay updated:
Website: https://oto.exchange
Tutorial: https://docs.oto.exchange
Twitter: https://twitter.com/OTO_Protocol
Discord: https://discord.gg/Xsv45wwkFz
Telegram: https://t.me/OTO_Protocol
Medium: https://otodao.medium.com
Instagram: https://www.instagram.com/oto_community
