Release Schedule

Release Schedule and Vesting Details

To ensure a fair distribution and long-term commitment to the Orchidz Web3 platform, tokens issued to the team, investors, and the ecosystem will be subject to a carefully designed vesting schedule. This vesting schedule encourages the team and investors to remain focused on the platform's growth and success.

Vesting Schedule for Team and Investors:

25% of the tokens will be vested at a one-year cliff following the Token Generation Event (TGE).
The remaining 75% of tokens will be vested linearly on a monthly basis over the subsequent three years.

Detailed Vesting Conditions:

If the total unvested amount is less than 25,000 OCZ, 100% of the tokens will be vested and unlocked at the one-year cliff. This vesting will occur linearly over a 60-day period beginning on November 7, 2023.
If the total unvested amount is less than 50,000 OCZ, 50% of the tokens will be vested and unlocked at the one-year cliff. This vesting will occur linearly over a 60-day period beginning on November 7, 2023. The remaining 50% of tokens will be vested and unlocked daily over the following 12 months.
If the total unvested amount is less than 75,000 OCZ, 33.33% of the tokens will be vested and unlocked at the one-year cliff. This vesting will occur linearly over a 60-day period beginning on November 7, 2023. The remaining 66.66% of tokens will be vested and unlocked daily over the following 24 months.
For all other users, 25% of tokens will be vested and unlocked at the one-year cliff, occurring linearly over a 60-day period. The remaining 75% of tokens will be vested and unlocked daily over the 36 months thereafter.

Token Burning Mechanism: Although there is no specific allocation for token burning, it will be implemented through a smart contract, ensuring a transparent and automated process.

Total circulating supply on Day 1 (6.25%)