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r a portion of o1 Terminal platform revenue sharing. The minimum staking amount and staking duration are still TBD.
\$O does not represent equity, debt, or profit-sharing in any legal entity.
Token holders are not entitled to dividends, interest, revenue share, or any other financial consideration.
The platform may conduct discretionary ecosystem initiatives (grants, liquidity support) at the sole discretion of the project team; such actions do not confer enforceable rights on token holders.
### Token Supply and Dynamics
* **Token Standard:** ERC-20
* **Blockchain:** Base (Ethereum L2)
* **Total Supply:** 1,000,000,000 \$O (fixed; no inflation or minting after TGE)
* **Circulating Supply at TGE:** 16% (160,000,000 \$O)
* Community Airdrop / Trading Points: 3% (claimable at TGE)
* Ecosystem / Trading Competition: 3%
* Liquidity Fund (CEX/DEX): 6% (unlocked at TGE)
* Treasury: 4% (unlocked at TGE)
* No inflationary mechanics; token supply is fixed at genesis.
* Future token issuances: None planned.
Any changes will be publicly disclosed at least one week before taking effect.
### Token Allocation and Vesting
The total supply of 1,000,000,000 \$O is allocated as follows:
| Category | Allocation | Tokens | TGE Unlock |
| :- | :-: | :-: | :-: |
| Community | 25% | 250,000,000 | 3% |
| Ecosystem | 25% | 250,000,000 | 3% |
| Investors | 18% | 180,000,000 | 0% |
| Team | 10% | 100,000,000 | 0% |
| Treasury | 16% | 160,000,000 | 4% |
| Liquidity | 6% | 60,000,000 | 6% |
**Vesting Details:**
* **Community (25%)** — Trading points airdrop and rewards. Season 1: 3% at TGE; Season 2: 5%; Season 3+: TBD.
* **Ecosystem (25%)** — Liquidity incentives and trading competitions. 1-year cliff followed by 36-month linear vesting. Only used for long-term development of the ecosystem and does not benefit insiders.
* **Investors (18%)** — Private venture round investors. 1-year cliff followed by 36-month linear vesting.
* **Team (10%)** — Project team. 1-year cliff followed by 36-month linear vesting.
* **Treasury (16%)** — Platform development, operations, and ecosystem initiatives. 4% unlocked at TGE; remainder held under multi-sig control. Only used for long-term development of the platform and does not benefit insiders.
* **Liquidity (6%)** — Initial DEX/CEX liquidity provisioning. Fully unlocked at TGE.
### Prior Funding Rounds
o1 Terminal has completed one funding round:
* **Round:** Seed
* **Year:** 2025
* **Amount Raised:** \$4.8M
* **Investors:** Coinbase Ventures, a16z, AllianceDAO, The House Fund, Amber Group, and 30+ other select angels and institutional investors.
* **Vesting:** Investor token allocation (18% of total supply) is subject to a 1-year cliff lock starting at TGE, followed by 36-month linear vesting.
* Locked tokens cannot be staked.
The staking program provides only non-financial utility benefits (fee discounts, feature access) and does not involve unvested token allocations.
## 4. Airdrop Information
o1 Terminal plans to distribute \$O tokens to the community via a trading points conversion program at TGE.
* **Total Airdrop Allocation:**
25% of total supply (250,000,000 \$O). 12% of them, i.e. 3%, will be distributed at TGE (Season 1).
* **Eligible Recipients:**
Users who accumulated trading points on o1 Terminal during the points program period (approximately 400,000 registered users).
* **Eligibility Requirements:**
Active trading on o1 Terminal platform, completion of identity verification, and passing of sanctions screening.
* **Geographic Restrictions:**
Users in jurisdictions subject to OFAC and other applicable sanctions are excluded from claiming.
* **Claim Process:**
Eligible users will be able to claim \$O tokens through an on-chain distribution contract beginning at TGE.
Wallet authentication and applicable compliance checks are required.
Tokens are not automatically pushed to wallets.
* **Unclaimed Tokens Policy:**
Undeliverable tokens will be returned to the project treasury wallet and held for 90 days, during which affected users may contact the team.
After 90 days, any undeliverable tokens will be permanently returned to the community treasury for future distribution programs as decided by the Project Team.
## 5. Conflicts of Interest Information
No related-party transactions involving the token other than the token allocations described in this disclosure have occurred.
## 6. Market Makers & Liquidity Information
o1 Terminal will deploy liquidity for \$O via the Liquidity allocation (6% of total supply, 60,000,000 \$O) at TGE.
This allocation is designated for initial DEX and CEX liquidity provisioning.
No exchange listing fees have been paid to date.
Market maker arrangements, if any, will be disclosed prior to TGE.
Any contracted market maker identities, token allocations, and durations will be provided no later than one week before the Day 1 listing event.
Specific market maker details are pending finalization as of the date of this disclosure and will be updated accordingly.
No tokens have been allocated or granted to any market maker as of the date of this document.
## 7. Security Information
* **Token Contract:**
The \$O token contract (ERC-20) is deployed on Base.
* **Smart Contract Audits:**
Third-party security audits of the \$O token contract and all vesting contracts have been audited: [https://xors.xyz/audits/o1-exchange-2026-05-02.pdf](https://xors.xyz/audits/o1-exchange-2026-05-02.pdf).
* **Vesting Enforcement:**
Token vesting for team and investor allocations is enforced through time-bound smart contracts on the Base blockchain.
These contracts programmatically release tokens according to the vesting schedule.
Contract code will be publicly verifiable on Basescan.
* **Platform Security:**
o1 Terminal is non-custodial. Users retain full control of assets.
The platform supports multi-wallet authentication and on-chain verifiable transaction history.
### Public Resources
* Website: [o1 Terminal](https://o1.exchange)
* Twitter/X: [x.com/o1\_exchange](https://x.com/o1_exchange)
* Discord: [discord.gg/o1exchange](https://discord.gg/o1exchange)
* Dune Analytics: [dune.com/stambouli\_o1/o1exchange](https://dune.com/stambouli_o1/o1exchange)
* DefiLlama: [defillama.com/protocol/o1.exchange](https://defillama.com/protocol/o1.exchange)
## 8. Risks
The following risks are material to holders and prospective holders of \$O:
1. **Utility Token Only:**
\$O is a utility token providing platform benefits only.
It does not represent equity, or debt in any legal entity.
Token holders are not entitled to receive any payments, dividends, interest, revenue share, or other financial consideration by virtue of holding \$O.
2. **Market and Price Risk:**
Token value is determined by market dynamics and utility.
Cryptocurrencies are highly volatile and may lose substantial value.
Past performance of other digital assets is not indicative of future results.
3. **No Guaranteed Revenue or Buybacks:**
No guarantees are made regarding future revenue, token buybacks, or fee discounts.
Any treasury ecosystem initiatives are discretionary and do not confer enforceable rights on token holders.
4. **Staking Cooldown:**
Staking involves a 30-day cooldown period. Tokens are non-transferable during this period.
The cooldown resets if additional unstaking occurs during an active cooldown.
5. **Regulatory Risk:**
Regulatory treatment of digital assets and utility tokens varies by jurisdiction and may change.
The platform applies geo-restrictions in sanctioned jurisdictions (OFAC-listed countries).
Certain features, such as prediction market routing, may not be available in specific jurisdictions including the United States.
6. **Platform Development Risk:**
Future platform features, governance mechanisms, and roadmap milestones are subject to change.
Governance exploration (\$O-based voting) and synthetic assets are under consideration but not guaranteed.
7. **Concentration Risk:**
The founding team and seed investors collectively control significant token allocations.
While vesting schedules reduce short-term concentration risk, these parties may have significant influence after vesting periods.
8. **Liquidity Risk:**
There is no guarantee of ongoing liquidity for \$O on any exchange.
Market conditions may make it difficult to buy or sell \$O at desired prices.
9. **This Disclosure:**
This disclosure is for informational purposes only and does not constitute investment advice, a solicitation to purchase \$O, or a prospectus.
Recipients should conduct their own due diligence.
# MiCA Whitepaper
Source: https://docs.o1.exchange/token/mica-whitepaper
Markets in Crypto-Assets (MiCA) Whitepaper for $O Token
## MiCA Whitepaper
The Markets in Crypto-Assets (MiCA) whitepaper for the \$O token is available below in PDF and HTML/iXBRL formats.
<Card title="Download MiCA Whitepaper" icon="file-pdf" href="https://drive.google.com/file/d/1gj-y0p1sUeQHAogPfoJ3wN1vRxQVPmWQ/view?usp=sharing">
View or download the full MiCA whitepaper (PDF)
</Card>
<Card title="View MiCA Whitepaper" icon="file-code" href="https://o1-mica-whitepaper.vercel.app">
Open the MiCA whitepaper (HTML/iXBRL)
</Card>
# Whitepaper
Source: https://docs.o1.exchange/token/whitepaper
$O – The Utility Token of the Onchain Everything Exchange
**\$O – The Utility Token of the Onchain Everything Exchange**
Writing as of June 2, 2026
Version 1.0 | April 2026
TGE: June 2026 17 | Deployed on Base (ERC-20)
## Executive Summary
o1 Terminal is the Onchain Everything Exchange — a lightning-fast, non-custodial trading platform that delivers institutional-grade execution for spot, perpetuals, prediction markets, and future synthetic/tokenized assets across Base, Solana, and BNB Chain. Built for retail traders, quant funds, and AI agents alike, o1 Terminal aggregates liquidity from 100+ sources, offers sub-block latency execution, advanced order types (limit, TWAP, stops, sniping), real-time analytics, TradingView integration, and quantitative/algorithmic trading tools previously reserved for CeFi.
The utility token \$O powers the ecosystem. Holders and stakers receive tiered trading fee discounts, early access to alpha features (quant automation, advanced order types, strategy builders). A trading points program further rewards active traders with \$O allocations, driving long-term platform loyalty.
Backed by Coinbase Ventures, a16z, AllianceDAO, The House Fund, Amber Group, and 30+ other select angels and institutional investors in a \$4.8M seed round, o1 Terminal has already achieved \$220M+ spot volume, 3M+ transactions, and 400k+ user signups in just 7 months of beta, reaching top-3 revenue protocols on Base while expanding to perps (Hyperliquid) and prediction markets (Kalshi).
## 1. The Problem: Fragmented, Expensive, and Underpowered Onchain Trading
DeFi trading today suffers from:
* Fragmented liquidity and poor price discovery across chains and venues.
* High slippage, MEV exposure, and gas costs.
* Lack of advanced execution tools (no native TWAP, limits, or algo strategies on most DEXs).
* Slow, clunky UX compared to centralized exchanges.
* No seamless support for perps, prediction markets, or emerging asset classes (synthetics, tokenized equities) in one unified interface.
* High fees that erode retail and institutional profitability.
Traders are forced to juggle multiple apps, bridges, and wallets, losing edge and paying premium prices.
## 2. The Solution: o1 Terminal – Onchain Everything Exchange
o1 Terminal is a fully non-custodial trading terminal that brings CeFi-grade performance to DeFi rails. Key features include:
* **Low-latency execution** (≤1 block or microsecond-level on supported chains).
* **Aggregated liquidity** across 100+ DEXs, on-chain venues, and off-chain PMMs for best-in-class fills.
* **Advanced order types** (limit, TWAP, stops/take-profit, sniping) with algorithmic automation.
* **Quantitative & AI-powered tools** — strategy builders, backtesting, real-time analytics, PnL tracking, and multi-chain portfolio views.
* **Multi-asset coverage** — spot, perpetual futures (via Hyperliquid), prediction markets (via Kalshi), and roadmap for tokenized equities/synthetics.
* **Multi-chain & gas abstraction** — trade on Base (primary), Solana, BNB Chain without managing gas or bridges.
* **Self-custodial security** — multi-wallet support, on-chain verifiable history, no custody.
* **Institutional-ready** — sub-accounts, role-based access, post-trade reporting, order-flow masking.
The result: traders get more tokens on every trade, lower costs, and professional-grade tools in one seamless platform.
## 3. \$O Token Utility
\$O is the core utility token that aligns user incentives with platform growth. \$O utility is only for o1 Terminal, the trading terminal.
Primary benefits for \$O holders and stakers:
### Tiered Trading Fee Discounts
Hold or stake \$O to unlock meaningful reductions in trading fees. Discounts are tiered by amount held/staked and apply in real time across all markets.
### Early Access to Alpha Features
\$O holders gain priority access to quantitative trading tools, strategy automation, advanced order types, and upcoming AI/alpha-generation features before public release.
### Limited Badge Claim & Revenue Sharing Eligibility
Users who stake at least a required amount of \$O for a required period may become eligible to claim limited ecosystem badges. Badge holders qualify to apply for a portion of o1 Terminal platform revenue sharing, creating a direct link between long-term staking commitment and platform economic participation.
### Trading Points Program
Active traders earn points convertible to \$O allocations. This incentivizes volume and loyalty from day one.
### Staking Mechanics
* Navigate to the staking page on o1 Terminal, connect wallet, and stake \$O.
* 30-day cooldown on unstaking (resets if additional unstaking occurs during cooldown).
* Staked tokens remain in your wallet; no lock-up beyond the cooldown.
## 4. Tokenomics
* **Token Standard:** ERC-20 on Base
* **Total Supply:** 1,000,000,000 \$O (fixed, no inflation)
**Allocation Breakdown** (approximate, subject to final TGE parameters):
| Category | Allocation | Description |
| :- | :-: | :- |
| Community | 25% | Trading points airdrop (3% at TGE for Season 1), rewards. Season 1: 3%; Season 2: 5%; Season 3+: TBD |
| Ecosystem | 25% | Liquidity incentives and trading competitions |
| Investors | 18% | Seed round backers |
| Team | 10% | Vested with 12-month cliff + linear release |
| Treasury | 16% | Platform development, operations, future initiatives |
| Liquidity | 6% | Initial DEX/CEX liquidity provisioning |
* **Circulating Supply at TGE:** 16%
* **Vesting:** Investor and team tokens follow standard 1-year cliff + linear vesting to ensure long-term alignment.
* **No public sale** — distribution driven by usage (points program) and ecosystem growth.
## 5. Platform Growth & Treasury
Higher trading volume drives platform growth and operational sustainability. As the platform matures, the treasury may allocate resources toward ecosystem initiatives — including discretionary market operations such as liquidity support, grants, and ecosystem incentives — at the sole discretion of the project team. These actions, if implemented, are not guaranteed and do not confer any enforceable rights or financial entitlements to token holders.
Staking \$O provides access to tiered fee discounts and early feature access, directly reducing trading costs and improving the user experience. Staking does not entitle holders to any payments, dividends, interest, revenue share, or other financial consideration.
## 6. Roadmap & Future Governance
* **Q2–Q3 2026:** Expanded quant/AI tools, additional chain integrations, and discretionary treasury ecosystem initiatives.
* **2026+:** Onchain governance exploration (potential \$O voting on select parameters), synthetic assets, deeper institutional tooling.
Current governance is team-led with community feedback via Discord/Telegram. Future \$O-based governance is under active consideration.
## 7. Team & Backers
* **Founder:** Jerry Pan
* **Director:** Claudio Romildo Pezzia
* **Company:** MoonX Foundation, incorporated in Cayman Islands
* **Backers:** Coinbase Ventures, a16z, AllianceDAO, The House Fund, Amber Group, and 30+ other select angels and institutional investors.
## 8. Risks & Disclaimers
* \$O is a utility token providing platform benefits only. It does not represent equity, debt, or profit-sharing rights in any legal entity.
* Token value is determined by market dynamics and utility. Cryptocurrencies are volatile and may lose value.
* Staking involves a 30-day cooldown; tokens are non-transferable during this period.
* Token holders are not entitled to receive any payments, dividends, interest, revenue share, or other financial consideration by virtue of holding \$O. No guarantees are made regarding future revenue, buybacks, or fee discounts.
* o1 Terminal is non-custodial; users retain full control of assets.
* The platform applies geo-restrictions to users in sanctioned jurisdictions (e.g., OFAC-listed countries). Certain third-party features, such as prediction market routing, may not be available in specific jurisdictions including the United States. Core platform functionality and \$O token utility remain available where legally permitted.
* This whitepaper is for informational purposes only and does not constitute investment advice, a solicitation to purchase \$O, or a prospectus.
For the latest updates, visit [o1 Terminal](https://o1.exchange), follow official channels, and review the token contract upon deployment.
*o1 Terminal – Onchain Everything Exchange.*프로젝트로 돌아가기
