Public Sale
The Ocelex Public Sale is scheduled to begin on December 9th at 10:00 UTC and will run for 60 hours or until all tokens are sold. This event will use a Dutch auction format, ensuring fair price discovery based on real market demand. Here’s everything you need to know about participating.
How the Public Sale Works
Start Date: December 9th, 2024, 10:00 UTC
Duration: 60 Hours
Format: Dutch Auction
Tokens for Sale: 2,000,000 $OCX (2% of the total supply)
Raise Token: USDC
Starting Price: $0.30
Minimum Price: $0.06
What Is a Dutch Auction?
A Dutch auction begins with a high starting price that gradually decreases over time until all tokens are sold or the auction ends.
Key Benefits:
Fair Market Pricing: Real demand sets the token price, minimizing speculative inflation.
Equal Pricing: Regardless of purchase timing, everyone pays the same final price once the auction ends.
Anti-Bot Protection: The dynamic pricing mechanism discourages bots from manipulating the auction.
How the Price Drop Works
The token price decreases every block throughout the auction’s 60-hour duration or until all tokens are sold.
The decrease happens evenly and continuously, providing transparent and predictable price reductions.
Maximum Raise Amount Adjusts with Price
As the token price drops, the maximum possible raise amount also decreases proportionally:
Starting Price: $0.30 → Maximum Raise = $600,000
Mid-Point Price: $0.15 → Maximum Raise = $300,000
Minimum Price: $0.06 → Maximum Raise = $120,000
Example:
If 1,000,000 $OCX tokens are still available when the price reaches $0.10, the maximum amount that can be raised at that price is $100,000 ($0.10 x 1,000,000 tokens).
How the Final Price Affects FDV
The auction’s final token price directly sets Ocelex’s FDV (Fully Diluted Valuation). Here’s how the price affects the FDV:
0.30 (Starting Price)
$30M
Highest possible valuation
0.24
$24M
Strong public sale success
0.15
$15M
Balanced auction demand
0.06 (Minimum Price)
$6M
Lowest possible FDV
How It Works – Example
Imagine the auction starts at $0.30 and decreases over time:
Buyer A commits $2,000 when the token price is $0.15, expecting 13,333 tokens ($2,000 / $0.15).
The auction continues, and the final token price is $0.10.
Buyer A’s tokens are adjusted to the final price, receiving 20,000 tokens ($2,000 / $0.10) instead..
Claim Options & Token Distribution
Upon sale completion, participants can claim their $OCX using two options:
1. Balanced 25/25/25/25 Split:
25% liquid $OCX
25% locked in veOCX (6-month lock)
25% locked in veOCX (12-month lock)
25% locked in veOCX (24-month lock)
2. Max-Lock Bonus:
Lock the entire allocation as veOCX for 24 months to receive a 10% bonus on tokens.
Next Steps After the Public Sale
Token Generation Event (TGE): December 12th, 2024
Epoch 0 Launch: Trading, liquidity mining, and staking begin.
Community Airdrop:
Eligible community members from Lynex, Thena, Aerodrome, Velodrome, and Fenix will receive a governance token airdrop.
Post-Sale Opportunities:
Vote & Earn: Use veOCX tokens to vote on liquidity gauges, earn trading fees, and receive bribes.
Weekly Rewards: Participate in veOCX emissions and rebases.
Last updated