Emissions

The below graphs are used to understand your emission schedule. By ‘emissions’ we specifically mean releasing minted tokens from your treasury (which is the sum total of all unreleased tokens in each respective category) into circulating supply. Or in other words: Circulating Supply + Treasury = Total Supply

Value to ONM

One can generally expect selling pressure when tokens become available (specifically from the fundraising rounds), making token emissions a useful metric for assessing and evaluating the impact of releasing tokens into the market. However, not all token tranches have tokens that are sold as soon as they’re unlocked. For example, tokens allocated for marketing, ecosystem development, and other categories can be unlocked but saved for future use.

The user growth projections align with the emissions.

To focus on small unlock events, those that increase circulating supply by 0% to 1%, as these had no meaningful relationship to price. This is the reason for linear unlocks.

Larger unlocks, those that increase circulating supply by greater than 1%, are to be generally avoided as they correlated to a noticeable, negative relationship: as unlock size increased, prices decreased.

Rethink the inclusion of a large vesting cliffs, instead scatter the unlocks across a larger period of time as such events can create significant and unnecessary price pressure.

We must also be aware that token price may be substantially more volatile in the first half of the vest schedule.

It is important to note, whilst tokens are unlocked linearly, they will not necessarily be released into the market at a linear rate as the use of tokens from these tranches will be governed by various factors such as internal company affairs or market sentiment.

Liquidity Management

In this section we present the proposed liquidity allocation at launch to ensure the token launches at the same price on exchanges as on launchpads. The liquidity allocation at 9% with the unlock at TGE are structured to ensure sufficient liquidity during the initial stages of the project to prevent volatility during the first 6 months of the project when price is at its most vulnerable - the ratio of liquidity tokens to the maximum potential tokens in circulation starts at 1.5x and falls to 0.6x by month 6, creating deep liquidity.