eOCX is a specific token for our pre-mining campaign.
During the initial pre-mining phase, eOCX (Early OCX) tokens were introduced as rewards for providing liquidity. With the Ocelex TGE now complete, eOCX holders have two redemption options designed to foster alignment with Ocelex’s long-term growth while offering flexibility to liquidity providers.
Redeem your eOCX with a 50/50 split:
50% in oOCX: Receive ~0.25 oOCX per eOCX.
50% in veOCX: Receive ~0.25 veOCX (max-locked for 2 years) per eOCX.
Effective Total Value: ~0.5 OCX per eOCX.
Example: Redeeming 10,000 eOCX
~2,500 oOCX
~2,500 veOCX (max-locked)
Total: ~5,000 OCX (~0.50 OCX/eOCX).
This option balances liquidity and long-term alignment, making it ideal for users seeking both flexibility and governance participation.
Convert your entire eOCX allocation into veOCX at a 1:1 ratio:
1 eOCX = 1 veOCX (max-locked for 2 years)
Effective Total Value: ~1 OCX per eOCX.
Example: Redeeming 10,000 eOCX
• 10,000 veOCX (max-locked)
This option maximizes potential rewards but requires a full commitment to long-term alignment with Ocelex’s vision.
Market Dependency: The value of oOCX and veOCX is tied to the OCX market price at the time of redemption.
Flexibility vs. Maximum Value:
Option 1: Provides a balance between liquid oOCX and locked veOCX, offering both flexibility and governance participation.
Option 2: Yields the highest potential value by locking all tokens for 2 years, fostering stronger alignment with the protocol’s long-term goals.
Holders of veOCX become active participants in Ocelex governance, enabling them to vote on emissions and gauge distributions while earning rewards from trading fees and external incentives. Additionally, converting all eOCX into veOCX under the Max Rewards Strategy includes a bonus, further encouraging deeper engagement with Ocelex’s ecosystem.
Pre-Launch & Pre-MiningVotingLast updated