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ORA Protocol Announces OpenLM IMO Launch

11/04 20:04

According to Foresight News, the verifiable prediction protocol ORA, formerly known as Hyper Oracle, is set to launch its OpenLM IMO on April 13 at 09:00 Beijing time. Users can now connect their wallets and register with X. The IMO operates on a first-come, first-served basis, with a minimum purchase amount of 0.01 ETH and a maximum of 1 ETH. The IMO will be open for 72 hours. The total number of OpenLM IMO tokens, OLM, is 1 billion. 50% of these will be used for the IMO public sale, 30% for liquidity, 10% will be distributed to OpenLM contributors, and the remaining 10% will be allocated to the ORA team. The fully diluted valuation of OLM is 300 ETH, and the IMO will raise 150 ETH (500 million OLM). The IMO price of OLM is 3e-7 ETH (approximately 0.001 USDT). OLM has two main features: revenue sharing and destruction. A portion of the revenue from OAO or other sources will be distributed to the revenue sharing pool composed of OLM tokens. Token holders can apply for income once every 90 days after the snapshot. A portion of the revenue from OAO or other sources will be allocated to the OLM token's destruction pool. Token holders can destroy their tokens as a buyback mechanism, which will support the OLM floor price. OpenLM is an executable language model repository designed to promote intermediate language model research and maximize GPU utilization and training speed.

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