# Public Sale

The Ocelex Public Sale is scheduled to begin on **December 9th at 10:00 UTC** and will run for 6**0 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.

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### 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

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### 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.

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### 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.

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### 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).

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### 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:

| Token Price ($)       | FDV ($) | Token Allocation (%)       |
| --------------------- | ------- | -------------------------- |
| 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        |

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### 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..

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### 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.

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### 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.