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OORT updates the Token economic model: 800 million OORT Tokens will be locked up for 5 years, extending the team's token unlocking period.
On September 8th, Decentralization AI and DePIN project OORT announced an update to their Token economic model. The total supply of Token OORT is 2 billion, with key changes including: 1. 400 million OORT Tokens will be allocated as rewards for OORT Edge network Nodes over the next five years, with an additional 800 million OORT Tokens being locked up for five years starting from September 15, 2024. The Lock-up Position Address will be announced soon. 2. The unlock period for the 200 million OORT Tokens allocated to the founding team has been extended from four years to six years, in line with the long-term healthy development goals of the OORT ecosystem.