The OG Fan Token (OG) is a utility token that gives OG Esports Team ("OG") fans a tokenized share of influence on team decisions using the Socios application and services.
Socios is a blockchain-based fan engagement and rewards platform for sports and entertainment organizations powered by Chiliz.
OG is a utility token on the Chiliz Chain, a Proof-of-Authority sidechain built on Ethereum, and is mainly used for the following:
Governance: OG holders can vote via smart-contract on various contract-binding "fan decision" polls published by OG.
Rewards: OG holders can earn rewards from engagements on Socios.
Staking: in the future, OG can be staked to earn rewards.
OG has a total token supply of 5,000,000, of which 1,274,535 were initially distributed to fans via a Fan Token Offering. The remaining tokens are held by OG and can be acquired by participating in community activities and Binance Launchpool, as well as by purchasing directly on exchanges.
Key metrics (as at December 23rd 2020)
Ticker | OG |
|---|---|
Token Type | BEP-20 and Chiliz Chain |
Binance Launchpool Start Date | December 24th 2020 |
Binance Launchpool Allocation | 652,647 OG (13.05%) |
Circ. Supply | 1,274,535 OG (25.49%) |
Total Token Supply* | 5,000,000 OG |
*The OG total token supply of 5,000,000 may decrease due to future operational plans of OG and the Socios platform (i.e. token burns).
1. What is OG Fan Token (OG)?
The OG Fan Token (OG) is a utility token that gives OG fans a tokenized share of influence on team decisions using the Socios application and services. The token serves as a membership key that allows users to compete for exclusive rewards, team recognition, and more.
OG token holders can vote via smart contract on various "fan decision" polls published by OG. OG is contractually bound to act according to poll results.
Token holders can interact with the Socios platform (voting on polls, competing in contests and quizzes, connecting/chatting with like-minded users, etc.) and earn rewards, including:
Exclusive discounts on official OG merchandise.
Exclusive experiences.
Cashback offers from official online shops.
In-app CHZ bonuses.
Digital badges.
Future OG token utility includes:
Spending OG tokens to redeem VIP goods and services.
Integrating OG access in partnered applications/sites.
2. Economics and supply
2.1 Token allocation
OG has a total token supply of 5,000,000, of which about 1,274,535 were distributed to team fans via a Fan Token Offering. The remaining tokens are held by OG and can be acquired by participating in community activities and Binance Launchpool, as well as by purchasing directly on exchanges.
2.2 OG token release schedule
The OG tokens held by OG has a monthly linear vesting schedule of 4 years, of which 1,250,000 OG tokens are released per year, starting from June 2020.
3. OG Fan Token's community overview
Chiliz, Socios, and OG will continue their efforts to promote and embed the OG tokens in the team's digital marketing strategy, global fan engagement strategy, and e-commerce projects.
Current community growth strategies for the OG Fan Token include:
Continuing to develop governance voting polls for token holders.
Constantly engaging with the community on social channels.
Publishing articles relating to the OG token via mainstream media outlets.
Future community growth strategies for the OG Fan Token include:
Leveraging OG players to promote the OG token.
Launching regular promotions to win free tickets and exclusive experiences for token holders.
Adding more language support on the Socios platform.
Community and social channels (as at December 23rd 2020)
Chiliz Telegram (English)
Chiliz Telegram (Announcement)
Chiliz Twitter (English)
Socios Twitter (English)
OG Twitter (English)
OG Facebook (English)