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

1. A tokenized points-system

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First, we add a new token economics layer to the models we studied by introducing an ”airmiles”-type loyalty scheme for users.

Such scheme will reward users in OtoCo tokens based on how much they spend in the platform

Upon launch of OtoCo’s dAppstore, scheduled for the second half of 2023, new OTOCO will be minted at an initial ratio of 10% of the total spend in the platform.

For every purchase, this 10% will be equally divided between the user who made the purchase, the developer who sold the dApp, all token holders and the OtoCo Foundation.

At this initial ratio, this means user who spends US$ 100 equivalent in otoco.io will receive US$ 25 worth of OTOCO, as will the developer who sold the dApp, with the remaining newly minted OTOCO equally divided between all DAO token holders at that moment and the Foundation.

Users can then swap their OTOCO into any crypto, including ETH or MATIC to top up or pay for further purchases, without expecting them to purchase a native token to access our services, which are all priced in USD.

Such airmiles-type token layer may create very interesting price dynamics:

  1. First, by linking token rewards to how much users spend in otoco.io, a direct link exists between the value of the OTOCO token and the success of otoco.io as a business.

  2. Second, as with pure DeFi tokens, tokens holders can stake OTOCO tokens in liquidity pools on decentralized exchanges.

  3. This secondary market price would in turn feed back into the ratio at which OTOCO tokens can be used to spend on real, USD-priced goods and services in otoco.io.