Initial Model Offering Platform, along with research.ora.io is the initiative to empower the development and funding of innovative AI models, to achieve blockchain intelligence with open and collaborative AI research.
The IMO process of each proposal is divided into two key stages:
Deposit Stage: Participants contribute $ORA tokens to their chosen IMO proposal.
Claiming Stage: Contributors to successful proposals can claim their allocated IMO tokens and any remaining $ORA tokens, if applicable.
ORA ensures that every IMO launch is decentralized and transparent, requiring $ORA as the primary deposit for allocation.
Review the IMO Proposal: Examine the proposal's technology and tokenomics.
Deposit Funds: Contribute $ORA or $ETH (converted to $ORA by the protocol) to secure an allocation and support the IMO proposal.
Wait for the Raising Period: Allow the raising period to conclude, during which funds are collected.
Claim Tokens or Refunds:
If the raising target is met or exceeded:
Claim IMO tokens and any un-utilized $ORA (for oversubscription: Allocation for IMO Tokens Per User = (Total Raising Target $ORA / Total Actual Raised $ORA) × Deposited $ORA from User).
If the raising target is not met:
Claim your original $ORA deposit in full.
During Deposit Stage, participants deposit $ORA tokens into the IMO proposal of their choice.
Once deposited, $ORA is locked until the raising period finishes, at which point the proposal is classified as either successful or failed based on expected raising amount and actual raised amount.
The following Claiming Stage will allow participants to retrieve their allocations or refunds based on the proposal's outcome.
During the Claiming Stage, participants of successful proposals can claim their $ORA tokens and $IMO tokens based on different conditions.
If the total $ORA raised exactly meets the target, participants receive solely IMO tokens based on the pricing specified in the proposal.
If the proposal is oversubscribed (raised amount exceeds the target), participants receive IMO tokens proportionally to their deposited $ORA.
For example: Target = 1M $ORA; Actual Raised = 2M $ORA; Participants receive IMO tokens for 50% (= 1M / 2M) of their deposit, and the remaining 50% $ORA is refunded.
No IMO tokens are issued for failed proposals. Participants are refunded the full amount of their deposited $ORA.
Q: What happens if a proposal is oversubscribed?
If the total $ORA raised exceeds the target, participants receive IMO tokens proportionally to their deposit. Any unconverted $ORA is refunded during the Claiming Stage.
Q: Can I deposit with $ETH during the Deposit Stage?
Yes, when depositing with $ETH, your $ETH will be auto-converted into $ORA by the protocol to secure your allocation. To maximize your deposit, using tools like Mev Blocker can help on MEV protection. In refund or oversubscription conditions, you will be able to claim $ORA that is converted from $ETH.
Q: Can I withdraw my $ORA during the Deposit Stage?
No, once deposited, $ORA remains locked until the proposal's outcome is determined.
Q: If I deposit with $ETH, what do I claim in claiming stage?
In refund or oversubscription conditions, you will be able to claim $ORA that is auto converted from $ETH in deposit stage by the protocol.
Q: What happens if a proposal fails to meet its raising target?
Participants will receive a full refund of their deposited $ORA. No IMO tokens will be issued for failed proposals.
Q: Are there any transaction fees involved?
Yes, every onchain interaction (e.g., depositing, claiming) requires Ethereum network transaction fees. Participants should ensure they have sufficient ETH for these fees.
Q: Can I participate in multiple IMO proposals?
Yes, participants can deposit $ORA into multiple proposals. Each deposit is managed independently based on the outcome of the respective proposal.
Q: How are the prices of IMO tokens determined?
The price of IMO tokens is specified in the proposal before the Deposit Stage begins. This price is fixed and forms the basis for allocation.
Q: Is there a limit to how much $ORA I can deposit?
Deposit limits, if applicable, are defined in the specific IMO proposal. If not specified, it means there's no limit on how much $ORA one can deposit. Participants should review the proposal details before depositing.
Q: Can rules vary between IMOs?
Yes, rules may vary depending on the specific IMO proposal. Participants should carefully review the details of each proposal to understand its terms.
This document is intended for informational purposes only. ORA reserves the right to modify or update the rules, processes, calculations, and any other process associated with the IMO platform at any time to ensure fairness and functionality. By participating in the IMO process, you acknowledge that the final interpretation and implementation of all rules rest solely with ORA.