Orchai xOCH Airdrop Program Announcement #08: Overall Information

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ORCHAI.IO

3 min readMar 22, 2024

This is Announcement #08 for xOCH Airdrop Program, focusing on the summary and achievements of this event held by Orchai.

*Announcement #08 for Orchai’s xOCH Airdrop Program*

Orchai organized xOCH Airdrop program intending to reward loyal users, as well as attract more attention for OCH token listing. This event was implemented across 5 communities: ORAI, ATOM, OSMO, KAVA, and INJ token holders. This article will summarize information about the xOCH Airdrop Program, especially the outstanding statistics that Orchai achieved at the event.

Results

xOCH Airdrop program has been running since August 7 last year until today (March 22, 2024). Orchai airdropped up to 2,000,000 xOCH on 5 chains, including Oraichain, Cosmos, Osmosis, Kava chain, and Injective. The response was enthusiastic, with:

About 830K xOCH have been claimed.
Over 36K users claimed xOCH.

Mechanism

Token holders whose tokens met either of our conditions were qualified to get whitelisted, and calculated for the OCH Airdrop Program (at the snapshot moment). The detailed information for each Airdrop was stated in our previous Announcements:

Airdrop Snapshot taken (in 2023)

For ORAI holders: August 13 at block 12973625
For ATOM holders: August 27 at blocks 13191591 (Oraichain) & 16749792 (Cosmos)
For KAVA holders: September 10, 2023 at block 6419800
For OSMO holders: September 21, 2023 at block 11557000
For INJ holders: October 4, 2023 at block 47070000

Orchai and our tokenomics

Orchai is a low-code DeFi platform that aims to improve management and investing strategies while optimizing asset flow with its AI-powered protocols and features. We recently listed our token named OCH, which is based on Oraichain’s CW20 standard, on OraiDEX & Uniswap. Our token serves four(4) main objectives:

Co-Harvest: Co-Harvest is an auction mechanism that allows participants to bid with OCH tokens for 30% of our revenue monthly.
Payment: OCH can be used to pay fees for utilizing Orchai’s products and services, which include Liquid Staking and Money Market protocols, as well as the Alert Hub, Combinator, and AutoTrader features.
DAO Governance: Orchai’s operations will be decided by voting by OCH holders, and governance members will share in the profits from our features and protocols.
Reward: OCH holders can earn rewards from using our products & services. xOCH is the reward token: 1 xOCH = 1 OCH, and can be converted at a 1:1 ratio.

Token Allocation

Total supply: capped at 20,000,000 OCH
Initial market cap: $200,000
Ecosystem: 60.0%
Development: 35.0%
Community Pool: 5.0%

Disclaimer

The airdrop formula is designed to ensure that all token holders are given a fair opportunity [OCH amount = available + delegated * 2.5 + undelegated]
With concern to potential violations and malicious acts that go against the mutual benefits of our community, Orchai reserves all the rights to suspend the eligibility of any misconducted address, and revoke his/her Airdrop amount when needed.
Multi-wallet users and blacklisted wallets from other Cosmos’s airdrop programs were immediately banned from entering this event.
To avoid impersonation, Orchai only announced content related to OCH Airdrop via the official accounts. Please check the bottom of this article for the links.

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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