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OpenPad Credit Token (OCT)

OpenPad Credit Token ($OCT) is a credit soulbound token, only usable in OpenPad's offerings, just like a stablecoin such as $USDT or $BUSD, but it's not. $OCT tokens can only buy project tokens; they can't be used anywhere in Web3.
It gives the direct right but not the obligation to invest in OpenPad offerings. It's not a stablecoin & can't be converted to stablecoin. But, stablecoins will be converted into $OCT under certain conditions.
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It’s not pegged or backed asset like a stablecoin. It’s a non-tradable asset in the secondary market. It’ll only be purchasable from OpenPad and it’ll be purchasable after our launch at a price of more than one dollar. $1 of the sale will be sent to back up the reserves for the investments, and the rest will be a direct profit to the treasury. So for every 1 OCT, we reserve $1 to fill the investment order in the depositing periods. The rest is direct profit in dollar terms. Moreover, the marginal revenue generated from OCT sales may be used for OPN buybacks and burning to incentivize accumulation power. The marginal price will be based on supply and demand.
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The reasons why we introduced the OCT token
  • Premium model: It’s a premium token, providing you with a direct allocation without staking and registration. OPN is not required anyway to access deals.
  • Advanced UX: We can collect the money before even depositing periods, enabling us to auto-manage their deposits, such as auto-investing. Imagine you’re purchasing a $100 OCT in one click. Then, you don’t need to stake, register and deposit manually. All can be done in smart contracts autonomously, advancing the UX by a large margin.
  • Scalable: It’s a super scalable system in both revenue and UX terms, which aligns with our retail vision to access Web2 capital.
  • Revenue generator: As a platform, we decided not to deduct fees from retail investors investing in the staking round. This premium feature enables us to make revenue from the non-revenue-generating customer segment.
  • You might be better off in the balance sheet: Imagine you're staking $OPN to access allocations. You're basically paying some capital ($OPN) to earn investment rights. It's competitive as lots of other users are also staking to access it. As demand grows, your staking-to-allocation ratio will decrease over time. So, your capital becomes more inefficient, and launchpads don't make more revenue as demand grows. This is an inevitable outcome as the limited resource is being divided among participants. $OCT solves that problem by the paid allocation model. Imagine staking $10k worth of OPN tokens to access the $5k cost of allocation. So you've paid $15k in total and still have $10k in assets. Suppose the token price is up by %50 and the launchpad token is down 50%. Currently, you got $7.5k in project tokens + $5k of launchpad tokens = $12.5k Your RoI = $12.5k/$15k = 83% Imagine the other case, case 2, buying 5k OCT tokens for $6k. $1k will be written off as revenue for the launchpad, while the rest is reserved for the order fill. So you've paid $6k for everything, 0 in assets. Suppose the token price is up by %50 and the launchpad token is down 50%. Currently, you got $7.5k in project token + $0k of launchpad token = $7.5k Your RoI = $7.5k/$6k = 125%. So you're better off. It's also a hedge for users to protect from downturned market conditions.