OtoCo Documentation
  • Hello to Automated Company Assembly on Blockchain
  • Updates
    • Oct 2022
    • Sep 2022
    • Aug 2022
    • Jun 2022
  • A. OtoCo: Instant Real-World Entities on Ethereum
    • Part I. How OtoCo Came About
      • 1. The legacy process
      • 2. How we condensed speed of formation to seconds instead of days
        • a. Introducing the Series LLC
        • b. How we removed the naming speedbump
        • c. Why blockchains?
  • Part II. The OtoCo Ethereum smart contracts
  • Part III. The Legal Nexus
    • 1. Delaware
      • Delaware: Certificate of Formation
      • Delaware: OtoCo DE Master LLC Operating Agreement
      • Delaware: OtoCo DE Series LLC Agreement
    • 2. Wyoming
      • Wyoming: Certificate of Formation
      • Wyoming: OtoCo WY Master Operating Agreement
      • Wyoming Series LLC Operating Agreement
  • B. Where We Go From Here: Introducing the OtoCo token
    • Part I. Our Vision for OtoCo: From Product to Platform
      • 1. The Anachronism of Analog Company Formation
        • A Wordpress for companies?
        • Why is nobody doing this?
        • Enter blockchains
      • 2. From Product to Platform: An Onchain Venture Building Marketplace
  • Part II. The OtoCo Token: A Loyalty Scheme, Developer Reward and Voting Card - All in One
    • 1. A tokenized points-system
    • 2. “Proof of sale” rewards
    • 3. A voting card
    • OTOCO Issuance
  • Part III. A New Smart Contract Solution to Building a Pre-Order Book and Automating Token Issuance
    • 1. The idea behind our design
    • 2. Our proposed staking smart contract
    • 3. The OtoCo token sale process
    • 4. Funding update
  • Part IV. Proposed OtoCo Governance and Exit to the Community
  • C. User Guides and FAQs
    • Taxes and reporting
    • Independently verify a blockchain-signed document
    • Create a funding launchpool using OtoGO
    • Prove ownership of your on-chain LLC
    • Multisig LLCs for DAOs
      • Setting up a Gnosis Safe and an OtoCo LLC
    • FAQs
      • About the Series LLC
      • The role of the Master LLC
Powered by GitBook
On this page

Was this helpful?

Part II. The OtoCo Token: A Loyalty Scheme, Developer Reward and Voting Card - All in One

In this second part, we are sharing our proposed design for the OtoCo token. In Part III, we share how we plan to make its issuance and pricing fully transparent.

Previous2. From Product to Platform: An Onchain Venture Building MarketplaceNext1. A tokenized points-system

Last updated 2 years ago

Was this helpful?

Proposed token design

Our aim when designing the OtoCo token was to do something different, not for the sake of it but with the aim to improve on various token models we studied, some dating back to the ICO days and some from more recent DeFi projects.

Our design had three objectives:

  1. We wanted the token to have utility without forcing users to buy a native token in order to access services on otoco.io.

  2. At the same time, we wanted to have a mechanism that rewards developers who “stock the shelves” of the dAppstore with OTOCO tokens as a function of how much their dApp sells.

  3. Finally, we wanted to give token holders generally the broadest possible participation rights in the OtoCo project.

We believe our design as it stands comes close to reconciling these three objectives. Read how next.

Symbol: OTOCO