• 34ºc, Sunny

OORT updates token economic model: 800 million OORT tokens will be locked for 5 years, extending the unlocking period of team tokens

On September 8, the decentralized AI and DePIN project OORT announced the update of the token economy model, with a total of 2 billion tokens OORT. Key changes include: 1. 400 million OORT tokens will be allocated as OORT Edge network node rewards in the next five years, and another 800 million OORT will be locked for five years from September 15, 2024. The lock address will be announced in the near future; 2. The 200 million OORT tokens allocated by the founding team will be unlocked from the original four years to six years, in line with the long-term healthy development goals of the OORT ecosystem.