OCH BONDING PROGRAM THE FIRST ROUND — ALL YOU NEED TO KNOW
Information following the launch of the First Round Sale of OCH Bonding Program — Discount rate, Supported Chains, Vesting time & Bond Size.
As OCH has been listed, Orchai’s first bond sale of the OCH Bonding Program will start now — this is your chance to buy OCH at a certain discount rate!!! To help everyone better follow this event and avoid false information, we would like to make this article to summarize everything. Please continue reading!
Discount Rate
For this first round bond sale, the discount rate is 15% 🎉
You should note that this is compared to the market price, NOT the listing price. It means that you can buy A $OCH as bonds at a discount of X% with the current price on the market. So you will have to pay = A * current price * (100% — X%)
Supported Chain
Orchai will support buying in the OCH Bonding Program on Oraichain and Ethereum — the tokens that can be used to buy bonds are: ORAI & USDT.
Vesting time
This is the period it takes for buyers to receive the full amount of tokens from purchased bonds — 7 DAYS for this first round. That means the OCH from your purchased bonds will be stored in a vault, and you can withdraw 1/7 of your total tokens every day.
⚠️ NOTE: These 7 days will be counted from your last bond purchase. For example, if you buy bond 1 and wait until the 6th day to continue buying bond 2, the OCH amount of both bonds will be added and this 7-day vesting will start from day 1.
After buying our OCH bonds, you will have 2 options:
- Option 1: Withdraw and use received $OCH in the Orchai ecosystem as normal.
- Option 2: Deposit your $OCH into our Auto-Compounding Vault with a high APY for auto compound-activated interest and unstaking at any time. However, if you have withdrawn $OCH from the vesting vault, you will no longer be able to participate in the Auto-compounding Vault (more details TBA).
Bond Size
In this first round of the OCH Bonding program, the total amount of OCH that will be sold in the form of bonds is 100,000 $OCH 💰 In which:
- ORAICHAIN vault: 50,000 $OCH
- ETHEREUM vault: 50,000 $OCH
This means the maximum amount of $OCH you can buy using ORAI or USDT is 50,000 OCH each, out of the total sale volume of 100K OCH for this First Round Bond Sale.
About ORCHAI.IO
Orchai is a low-code DeFi platform providing multiple protocols and features powered by AI. With a diversified ecosystem of different products, Orchai aims at 2 ultimate goals:
- Improving the management & investing strategy (With the low-code DeFi features powered by AI)
- Optimize asset flow (With the 2 protocols: Liquid Staking & Money Market)
The power of Orchai lies in the Cross-chain feature and AI assistance, unleashing the potential of DeFi with AI algorithms.
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