🚃Summary
OCTANE is a deflationary utility and governance token. The token utility is to provide protocol fees and APY generated on limit orders.
Token Details
Ticker: $OCTANE Octane Token Contract Address: 0x5416AB2B4B5a40F740B67a83dc5939591B5c08BE Max Supply: 100,000,000 OCTANE
PancakeSwap pool: https://pancakeswap.finance/info/pool/0x39bfae0c96bdc69dc657e381c272997f66cbf9c1
Read more about Octane token listing here: https://octanefinance.medium.com/octane-listing-on-pancakeswap-2bb134370cb7
Octane token allocation & vesting schedules are as follows:
Community: 45% These will be distributed as rewards for LP Staking, Contributions, etc over a period of 3-4 years.
Team: 18% Vested for 3 years. 1-year vesting cliff, 40% released post 1 year and rest is distributed @ ~2.5% per month for the next 24 months.
Seed Round: 5% Vested for 1 year. 20% distributed at listing, rest 80% after 4 month cliff @ ~10% per month for next 8 months.
Private Sale: 6.5% Vested for 1 year. 20% distributed at listing, rest 80% after 3 month cliff @ ~8.89% per month for next 9 months.
IDO: 1.5% Available on listing.
Advisory: 2% Vested for 3 years. 1-year vesting cliff, 40% released post 1 year and rest is distributed @ ~2.5% per month for the next 24 months.
Foundation Reserve: 22% IT will be used for platform development, insurance, liquidity, listing fees, etc, and after DAO setup will be used according to governance calls.
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