ORAO Sale FAQ

The first day of our ‘SHO’, or ‘Strong Holders Offering’ sale has seen more support than we ever could have anticipated. We have met our funding goal on gate.io forty times over, and it’s looking incredibly good on DAO Maker as well. Nevertheless, we are getting a lot of questions about the sale, a lot of repeat questions, and so we decided to slap together a quick little FAQ to help answer any questions for those who are still trying to join in.

How do I buy ORAO tokens?

The sale is taking place on two platforms. On gate.io, and on DAO Maker. The details for the sale are different on these two platforms, but in both cases you have to pass KYC to participate. On gate.io you go through KYC before being able to join, while on DAO Maker you only go through KYC if you are allowed to participate. Unfortunately residents from certain countries will not be able to take part. See each platform for details.

On DAO Maker, you qualify by staking 1000 DAO through the daomaker vault. You also need to have 1000 USDC available to actually purchase the ORAO tokens. The DAO staking supports the platform, but the ORAO tokens are paid for with USDC. Because there is quite a lot of interest in this sale, not everyone who qualifies will be able to participate. Those randomly chosen will be informed on the 25th, at 2 PM UTC. DAO tokens remain staked for 10 days.

On gate.io, you must go through KYC before you can join the sale. However, once you join you are guaranteed to be able to buy some tokens. Although the goal has already been hit, it is still possible to secure an allocation. When you click to participate (Which you can do here, on the right), you agree to stake 74.1 DAO, which happens automatically, for 15 days. You must also have an amount of USDG available to actually purchase the ORAO tokens. Originally the amount of USDG you needed was 500, but with the overwhelming buying we are seeing each allotment is now under $15. Gate.io requires you to hold more USDG than you are likely to need, however, so make sure you have enough.

It is possible to secure more than one allotment in the gate.io sale. Every 74.1 DAO you stake will allow you to secure one more allotment.

The price per token is the same on both platforms. One ORAO token is priced at exactly $0.015.

My country is on the no participation list/I failed KYC! What can I do?

Unfortunately we can’t help with that. For regulatory reasons it’s just impossible to accept participants from some countries. ORAO will eventually be freely traded, and you will be able to buy tokens on the free market at that point.

When does the sale end?

For DAO Maker, sign-ins for the sale end on the 25th of March, at 11 AM UTC. For gate.io, registration ends on the 24th, at 4 AM UTC.

Something went wrong! I tried to join the sale on gate.io but I got an error!

Have you gone through KYC? Do you have at least 74.1 DAO to stake? Do you have enough USDG in your account? If the answer is yes to all but you still have a problem, please contact customer support on gate. It’s not our platform, ORAO can’t help you. This is something on their end. Maybe try a different browser or restart your computer.

Will there be a public sale later?

No. A community round was originally planned, but those plans were scrapped. The sales going on right now are the final sales. Anyone contacting you after Wednesday about another sale is trying to scam you.

Hey I just got a PM from you guys…

No. We do not PM first. Ever. You were contacted by a scammer who is trying to steal your money.

What’s this about a vesting period?

All tokens sold in these sales are vested. When the Token Generation Event (TGE) happens, 15% of your tokens will unlock immediately. Then another 15% unlocks every month. In six months all of your tokens will have been unlocked.

What’s the circulating and max supply of ORAO tokens?

The circulating supply on day 1 will be about 46 million tokens. The final max supply is 1 billion tokens. You can see the token release schedule at the bottom of this page: https://daomaker.com/sho/orao

What’s the contract address?

The tokens have not been generated yet. No contract address exists, and none will exist until the TGE.

When will ORAO be listed on exchanges?

We can’t comment on future listings until it’s official. You will be able to trade it.

When will ORAO be listed on this specific exchange I like?

We can’t comment on future listings.

How much will the token be worth after I buy it?

We can’t predict the future, and we don’t control the price. The free market will determine the price.