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Home All Events - Ape O'Clock OttoBought Liquidity Launch

Date

Jun 23 2023
Expired!

TimeUTC

8:00 pm

Your Time

  • Timezone: America/New_York
  • Date: Jun 23 2023
  • Time: 4:00 pm

Status

Active

OttoBought Liquidity Launch

Liquidity launch on BSC for a memecoin; the team raised 122 $BNB in the fair launch presale.

The team has not announced a time for this launch, only that it is June 23. This time is a placeholder.

❌ No docs / whitepaper.

PRESALE DESCRIPTION
Welcome to the world of OttoBought, a responsible degen crypto project that combines the power of proprietary algorithms and artificial intelligence with an addiction to pumps like a coked-up Arnold Schwarzenegger. Otto is here for cake and the hunger never ends. https://coinmarketcap.com/currencies/ottobought/
DETAILS
  • Presale details
    • Presale held on Pinksale
    • Duration: 7 day(s)
    • This was a fair launch presale; no hard cap
    • Soft cap: 100 BNB
    • Minimum contribution: no minimum BNB per wallet
    • Maximum contribution: no maximum BNB per wallet
    • Presale and listing prices will be determined at the end of the presale
    • Initial market cap will be determined at the end of the presale
    • Listing on: PancakeSwap
    • 60% of the presale funds will be added to liquidity
    • Liquidity lock: 30 days
  • Tokenomics
    • OTTO is the native token
    • Total supply: 1,000,000,000,000 OTTO
      • 500,000,000,000 – presale
      • 285,000,000,000 – liquidity
      • Remainder (21.5%) unlocked
    • 10% tax on buys and sells
      • 7% to marketing
      • ❌ 3% to “rewards,” although it’s unclear if this is a reflection or if there is some other mechanism to reward holders
    • ❌ The homepage says the protocol “automatically buys back OttoBought tokens and burns a portion of them” but there is no information on how the protocol gets the funds to do this, how often it is done, and how much they buyback and burn
    • ❌ The homepage says the protocol is connected to “hundreds” of cryptocurrencies and uses an AI algorithm to execute strategic trades to keep that chart “alive and thriving,” but again, there is no information on where the funds to do this come from, how often it trades, how those trades earn for the protocol, how any revenue benefits holders, etc.
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