Liquidity Management

The OTACON community relies on the Uniswap exchange to acquire OTACON utility tokens for prices below the 0.000009 ETH mark (0.032 USD, at the time of writing).

The OTACON liquidity on the Uniswap exchange will be adjusted on April 30, 2024 and beyond, to exceed the 0.000009 ETH mark forever.

Uniswap Interfaceapp.uniswap.org

For prices exceeding the 0.000009 ETH mark, the MEXC exchange can be used instead.

https://www.mexc.com/exchange/OTACON_USDTwww.mexc.com

Key Dates

🗓 April 30, 2024: LP unlock

The 1-year lock of the OTACON Uniswap liquidity pool will expire on April 30, 2024.

🗓 April 30, 2024: LP re-lock of 50% of liquidity

A new OTACON Uniswap liquidity pool, with a higher price range, will be created on April 30, 2024.

A new 1-year lock will be setup accordingly.

The target price for this operation is 0.00009 ETH per OTACON, 10x from the current cap.

🗓 May, 2025: Buyback Program & LP top-up

The team will work with market making partners on buyback OTACON utility token to increasingly strengthen the OTACON Uniswap liquidity pool over time.

The target price for this operation is 0.0009 ETH per OTACON, 100x from the current cap.

The team is aware that the transition of the OTACON Uniswap liquidity pool from a locked, to unlocked state on April 30, 2024 is a legitimate source of concerns for some holders.

Please manage your risk accordingly to your own tolerance, and do not bother other community members that support our work.

LP unlock and LP re-lock are the only way to onboard new OTACON holders for the next stage of our growth.

Rest assured that the same-day, LP re-lock of 50% of the available liquidity to the new OTACON Uniswap liquidity pool will provide immediate relief and trust guarantees to the aforementioned holders.