OneRing Tokenomics

“The board is set, the pieces are moving. We come to it at last, the great protocol of our time.” — Gandalf on One Ring protocol.

After many weeks of hard work, endless meetings, fruitful calls and of course hours of Orc hunting, we have finally determined our official tokenomics.

Before we get deep inside the fundamentals of the tokenomics, we want to point out that they were made to benefit the $RING holders and users, we didn’t let Orcs in the seed/private rounds in order to ensure a safe ecosystem growth and avoid dumping. Our goal wasn’t just to raise money (we have enough to survive for at least 3 years now), but also to have VCs that want to build the future of OneRing together with us; as such we had to deny a lot of potential investors that didn’t fit our framework.

Ok so lets dive in…

We reduced the private round in order to achieve a better distribution of $RING. We also opted for an LBP to distribute $RING even better.

So let’s review each concept one by one:

• Seed Round (12%): They will be locked for 1 Month and then they will have 18 month linear vesting. Some VCs told us the vesting was too much, we instead believe that long vesting ensures the VCs are here to help the Fellowship and not to dump on it.
• Private Round (8%): We reduced the private round 68% (from 21% to 8%) after receiving feedback from our investors and community. We are here to build, and we believe that we have raised enough money to make OneRing work.
• IDO (1.10%): We doubled the IDO raise because we believe the more users who hold $RING, the better it is for the ecosystem.
• Liquidity (0.6%): We increased the starting liquidity by 25% (from 0.5% to 0.6%/$300k USD starting liquidity) to make sure users are able to sell their tokens with low slippage. We will be increasing the liquidity with some LP programs right after the official launch.
• Team (7.5%): 12 month lock up + 12 month linear vesting. This is also our only allocation as a team, since all the protocol revenues will get distributed among $RING stakers. We can only profit from the $RING value and only after almost 2 years from the TGE so you can be sure we will keep #buidling.
• Marketing (15%): We extended the marketing lockup by 2 weeks, and also vested for 24 months. After discussions with VCs, we thought unlocking right away would result in too many tokens being released. We also won’t need the Marketing tokens in the first couple weeks since we have a lot of partners that are helping us with growth.
• Rewards (26%): We increased the rewards 25% (From 20% to 26%). OneRing will give back to the community all the time, rewards are our biggest token allocation, we are that committed with our community. We will announce soon how our reward program will work.
• Reserve and Development (14.3%): OneRing aims to add more stable coins and more chains as time goes by; however, this takes a lot of resources. That’s why we set a token allocation for this, which will be locked for quite some time and slowly released.
• Ecosystem (10%): We are using these tokens for more liquidity in the future and our official grant programs. Projects will be able to ask for grants if they build on top of OneRing or design new farming strategies.
• Advisors (3.5%): Advisors are super important, they bring out-of-the-box thinking to our team and make sure everything works the best way possible, and we have pretty good advisors backing us. More on this will be shared in our socials so make sure to follow us on Twitter, Telegram, and Discord.
• Liquidity Bootstrapping Pool (LBP) (2%): This is another way to ensure a broader distribution of the tokens. The LBP will be held on https://beets.fi (our official partners and the first authorized Balancer fork on Fantom) and anyone will be able to participate. It doesn’t matter if you already got $RING in the IDO, you will be able to get more in the LBP!

We are sure you guys will like these tokenomics! Let us know what you think!

About OneRing

OneRing is the first multi-chain cross-stablecoin yield optimizer in the space. The goal of OneRing is to take away the complexity of DeFi 2.0 and make things easy for the user. By this, we will be able to open the DeFi space for a whole new layer of users that want to receive yield on their stables instead of just having them sit in their wallets. With a strong network of partners, KOLs, advisors and such, OneRing aims to go right to the top and set new benchmarks for the upcoming DeFi 2.0 winter.

Website: https://onering.finance

Twitter: https://twitter.com/OneRing_finance

Telegram: https://t.me/OneRing_finance

Discord: https://discord.gg/oneringfinance