OolongSwap Tokenomics

2 min readNov 14, 2021

Finally, we have come to this day🐿

OolongSwap will be fair launching the Oolong Token (OLO) on November 15th 2pm UTC through LP farming. Below are the details for OLO token.

Getting Started on OLO:

OLO is a governance token for OolongSwap exchange and Oolong Protocol Controlled Value (PCV). The token distribution follows a fixed supply, decaying emission model.

Token symbol: OLO

Token Supply: 10 billion

Type: ERC-20

Distribution:

All OLO tokens will be emitted according to the following distribution. Team, treasury, and investor allocations are emitted at the same schedule as public distribution to miners.

40% Mining: LP rewards
34% Treasury: Locked in treasury contract, and non-circulating; For partnership, future investors, later contributors, reward programs
20% Founding team: Locked with a 3-month cliff, vests with emission schedule
6% Angel Investors and Ecosystem Partners: Locked with a 3-month cliff, vests with emission schedule

Here are more details you should know about the OLO token.

Fair Launch:

OLO is a fair launch token. There are no pre-minted allocations of the OLO token.

One of the main goals for Oolong since the beginning is to launch the OLO in a fair way to all participants of the Oolong ecosystem, we’ve decided that all tokens will be distributed according to the same emission schedule(please refer to the emission schedule section below). That means the team funds and treasury funds are distributed at the same pace as our LP farms.

This also means that if OolongSwap were to raise investor funds in the future, these investors would also receive tokens based on the same emission schedule as the community, and not receive pre-minted tokens.