To achieve our vision for Ownly, we allocated 20% of the total supply for private sale and 26.6667% for IDO. We targeted to raise $120,000.00. We believed this amount is relatively small compared to other projects which raised millions of dollars.
Since 2018, we’ve already proven that our team can start small yet capable of launching big. We won 13th place out of 100+ global entries during Decentraland Game Jam 2019. We did not conduct an Initial Coin Offering (ICO) and OWN tokens became available to the public through an Initial DEX Offering (IDO).
The private sale price is $0.000020. While the Initial DEX Offering price is $0.000030.
The OWN circulating supply at Token Generation Event (TGE) is 3,000,000,000, which has an initial market cap of $90,000.00 at the Initial DEX Offering price.
OWN Token Distribution
A significant aspect of the token distribution is the longer vesting period. This incentivizes the team only if they’re able to deliver the project. This is a more pragmatic, sustainable, and responsible approach.