What are Founder Keys?
Founder Keys serve as proof of active participation and early support for the Orange ecosystem. Founder Keys are token backed NFTs with a fixed claim entitlement of 6,000 $ORNG tokens per Founder Keys. These are accessible monthly for 12 months (at 500 tokens per claim) from the time of the first claim, on or around the 28th of June 2024. The Founder Keys will act as a membership NFT for the Orange network and grant access to future airdrops, whitelist entries to selected projects on the Orange network, partner promotions and deals and much more, all subject to partner terms and conditions.
What is the Orange Network?
Orange is a platform and a Layer 1 blockchain focused on User Generated Content (UGC) tools for web3. Orange will provide access to the worlds largest collection of UGC tools focusing on AI integration, Games and Gaming, and Metaverses. The Orange Network consists of 2 components:
1. Core Tools and Infrastructure
The Orange blockchain provides creators, developers and users access to the following web3 tools and features:
- AI avatar creation
- Voice-activated in-game and in-world asset builders
- Aggregated AI tools and integration
- NFT deployment
- GameFI economy creation
- Leaderboard, CRM, tournament systems, XP and rewards
- Orange Creator Portal
- Integrated ID and Login systems
- Analytics and metrics dashboards
- Game builders and asset creation tools
2. Network participants and contributors:
Orange focuses on the following:
- Creators and developers in web3 gaming and metaverses
- Tool providers and builders
- Governance and DAO participants
- Technology partners
- Engaged user base
- Grants and referrals
What is the ORANGE ($ORNG) Token?
$ORNG is the token that powers the Orange Network and acts as the governance token, allowing users, creators and developers to access the best UGC tools and applications and to vote on the future direction of the platforms' evolution. $ORNG powers the key pillars of the Orange creator network including AI Integration, Gaming, GameFi and Metaverses.
$ORNG is a fungible token (FT) built on a Layer 1 blockchain and leveraging the Avalanche subnet architecture, with a fixed supply of 1,000,000,000 tokens.
$ORNG serves as a utility and governance token within the network, fuelling Creators, Community and Decentralisation.
$ORNG Token Utility
Payment Currency
As the main payment token for the Orange network, Orange provides the following:
- Retail and Commerce - $ORNG acts as a purchasing currency for subscriptions, tool access and asset purchases and creation.
- In-game and GameFi - $ORNG acts as the main in-game purchasing currency and token for creating new gaming currencies and economies.
- Creation currency - $ORNG is the main currency used to launch new collections through tool access, fees and subscriptions.
Governance
As the main governance token for the $ORNG network, the Orange token provides the following:
- Voting and Proposals - $ORNG is required for passing and ratifying proposals put forward in the Orange ecosystem.
- DAO voting – Partner DAOs and other DAOs in the ecosystem may require $ORNG to pass improvement or technical proposals.
- Expansion voting – The $ORNG token is essential in proposing and passing initiatives for the increased adoption and usage of $ORNG both natively and on other chains and ecosystems or networks.
Founder Keys Sale and Token Launch Structure
Founder Keys will be non-transferrable for the first 3 months while the tiered sale continues.
The Founder Keys are a collection of 20,000 token-backed Memberships represented by an NFT. These NFTs are non-transferable for a period of 3 months, and will be rewarded with 6,000 $ORNG tokens over 12 monthly releases. The Founder Keys’ holders will share in approximately 12% of the total $ORNG supply.
The Founder Keys sale is a Tiered sale that will remain open until all 20,000 have been sold.
| Founder Keys Tiers | Key Price (AVAX) | Tokens Per Key | MAX Keys per Tier | Total Tokens |
|---|---|---|---|---|
| Private Round | 9 AVAX | 6000 | 3000 | 18000000 |
| Whitelist | 9 AVAX | 6000 | 3000 | 18000000 |
| Tier 1 | 12 AVAX | 6000 | 3000 | 18000000 |
| Tier 2 | 14 AVAX | 6000 | 3000 | 18000000 |
| Tier 3 | 17 AVAX | 6000 | 3000 | 18000000 |
| Tier 4 | 21 AVAX | 6000 | 3000 | 18000000 |
| Tier 5 | 27 AVAX | 6000 | 2000 | 12000000 |
- Sale will be in AVAX.
- Whitelist will be open for 48 hours.
- Tier Sale remains open until all Founder Keys are sold.
- Token allocation is an equal amount for 12 releases, beginning at TGE + 3 days on our around June 28th, 2024, followed by monthly releases.
- All unallocated tokens will go to the Treasury.
- Founder Keys are locked until 3 months and cant be transferred, after this time a sales fee of up to 10% exists.
- Excluded participants include residents of the US (and its territories), Canada, China, and certain jurisdictions.
Founder Keys Referral Program
| Referral Code Type | Partner referral codes | Individual User referral codes |
|---|---|---|
| Rebate Amount to Buyer | 10% | 5% |
| Commission to Referrer | Varies | 5% |
| How to get it? | If you are an influencer or person with a large community or reach, you may be eligible for a special referral code, pending approval. | Once a buyer successfully purchases one Founder Keys NFT, they will automatically activate their referral code. The wallet address you use to purchase the Key is your personal referral code. Users can share their wallet addresses as referral codes with other potential buyers. |
| How does it work? | When a buyer makes a purchase with your unique referral code as their promo code, you will get a % commission from their purchase, while they get a 10% rebate. | When a buyer makes a purchase with your wallet address as their promo code, you will get a 5% commission from their purchase, while they will get a 5% rebate. Likewise, if you use the wallet address of someone who already made a Key purchase, they will get a 5% commission and you will receive a 5% rebate. |
| When do users receive Rebate/Commission | The Orange team will process and airdrop the amount back to users two weeks after the sale. Users will receive the rebate/commission amounts in AVAX. | The Orange team will process and airdrop the amount back to users two weeks after the sale. Users will receive the rebate/commission amounts in AVAX. |
Tokenomics
Orange tokenomics have been meticulously crafted to ensure a balanced and sustainable ecosystem. With a fixed supply of 1 billion $ORNG tokens, the allocation supports network growth, security, and community engagement. Founder Keys, staking rewards, development funds, and ecosystem grants are thoughtfully distributed to foster innovation and incentivize participation.
Orange
Name
ORNG
Symbol
1,000,000,000
Max Supply
Token Allocation
| Allocation | Total Supply | Objective | TGE | Cliff (months) | Vesting (months) |
|---|---|---|---|---|---|
| Founder Keys | 12% | Allow early members to obtain ORNG tokens and potential ongoing benefits, ensuring aligned values between holders and the project. | 10% + 3 days | 0 | 12 |
| Staking / Nodes | 20% | Provide rewards to validators and node operators and those contributing to long term commitment locks to improve scarcity. | 16% | 12 | 108 |
| Dev / Contractors / Partners | 20% | For the continued development of the Orange Network and its promotion and growth. | 9% | 24 | 108 |
| Ecosystem | 18% | Allocated to the Community, Foundation and Grants to help expand the ecosystem. | 8% | 12 | 108 |
| Treasury | 13% | Capital reserves which can be deployed to structure, promote, market, and ensure the long-term wellbeing of the network. | 9% | 6 | 72 |
| LP Providers | 10% | Reward LP providers and to mitigate volatility while providing stability to the network. | 32% | 12 | 102 |
| RedFOX Labs | 7% | Provision of technology, development, and migration of community to Orange Network. | 20% | 12 | 84 |
Token Distribution
