ORAIX Listing Price Survey

As the ORAIX listing event is drawing near to us along with its community-driven tokenomics, we are delighted to invite the Oraichain community to take a quick survey on Telegram in the matter of ORAIX Listing Price.

The official voting round of ORAIX Listing Price will take place soon after this survey. This applies the DAO Proposal mechanism on the Oraichain network for all Native ORAI holders, who have their own voting power based on the number of Native ORAI in possession.

Below is the specific details of each voting option:

Take the survey here: https://t.me/oraichain_official/541

Deadline for Telegram survey: 15:00, 20 May, 2022

Estimated timeline for the DAO Proposal voting round: 20 May to 23 May, 2022

Notes:

• ORAIX is a CW20-compatible token and will be listed fairly on OraiDEX.
• Oraichain reserves all the rights to suspend the survey result if we or community members detect suspicious voting behaviors.
• Tasks will be explained further in future announcements.

About ORAIX

ORAIX is designed to balance its inflation from rewards and spending from utility fees as follows. Note that a portion of utility fees will be burnt. It will be decided by governance voting.

Utilities:

• Pay meta-staking fee (the fee is taken directly from profits)
• Pay pool creation fee
• Pay OraiBridge fee
• Pay NFT Bridge fee
• Buy airdrop NFT tickets of newly listed projects on OraiDEX

Governance:

• Fee structures
• Meta-staking policies

Token distribution

• Total supply: 1,000,000,000 ORAIX
• Staking rewards: 30% (including fairdrop + initial listing)
• Liquidity mining incentives: 50%
• Developer pool: 15%
• Community pool: 5%