Orca
Link
Revenue Generation Capable?
Platform
nft's available?
None, this is an open banking platform
crowdfunding/subscriptions
N/A
Pros
Web 3 Platform Type
added by
wallet Integration
replaces which Web2 Platform?
Basic Description
ORCA is the first Open Banking platform designed for crypto users. It functions as a customizable, easy to use gateway into the crypto-economy for both advanced and amateur crypto enthusiasts. ORCA makes use of the emerging field of Open Banking to innovative integration of fiat bank accounts with cryptocurrency wallets. https://pod.xyz/
token mechanics
The total supply of ORCA is 100 million, and the initial circulating supply is 5.25 million. The cutoff date to qualify for the distribution is Aug 2, 00:00 UTC.
Cons
The total supply of ORCA is 100 million, and the initial circulating supply is 5.25 million. The cutoff date to qualify for the distribution is Aug 2, 00:00 UTC.
- 4,000,000 to liquidity providers: LPs take on both risk and opportunity cost, and therefore deserve the largest portion of rewards. All wallets that provided liquidity of $100 or more up until the cutoff will receive an airdrop. The amount will be proportional to their average liquidity provided over time in USD (snapshots are taken approximately every 10 minutes), which is visible on our LP Leaderboard at orca.so/stats.
- 1,000,000 to traders: Traders already benefit from the rates and experience provided by high liquidity, and incur relatively little risk. However, they are nonetheless a core part of the ecosystem, so we’ve allocated the following as a small token of our appreciation 😉:★ 500,000 ORCA, equally divided across all addresses that exchanged a total value between $1,000 USD and $10,000 USD★ 500,000 ORCA, equally divided across all addresses that exchanged a total value of $10,000 USD or more
- 250,000 to advisors: These tokens were allocated to our advisors, e^{i} ventures, in exchange for sourcing early liquidity for the protocol.
The total supply of ORCA is 100 million, and the initial circulating supply is 5.25 million. The cutoff date to qualify for the distribution is Aug 2, 00:00 UTC.
- 4,000,000 to liquidity providers: LPs take on both risk and opportunity cost, and therefore deserve the largest portion of rewards. All wallets that provided liquidity of $100 or more up until the cutoff will receive an airdrop. The amount will be proportional to their average liquidity provided over time in USD (snapshots are taken approximately every 10 minutes), which is visible on our LP Leaderboard at orca.so/stats.
- 1,000,000 to traders: Traders already benefit from the rates and experience provided by high liquidity, and incur relatively little risk. However, they are nonetheless a core part of the ecosystem, so we’ve allocated the following as a small token of our appreciation 😉:★ 500,000 ORCA, equally divided across all addresses that exchanged a total value between $1,000 USD and $10,000 USD★ 500,000 ORCA, equally divided across all addresses that exchanged a total value of $10,000 USD or more
- 250,000 to advisors: These tokens were allocated to our advisors, e^{i} ventures, in exchange for sourcing early liquidity for the protocol.