$OBY - Voting/Utility Token
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In a nutshell
Blacksquare holders will receive $OBY, if their respective Edition has set next Illumination date
During each cycle of an edition, a total of 300 $OBY will be distributed per Blacksquare
Distribution of $OBY token per Blacksquare is daily and dynamic
During inception one, $OBY are mainly used to exchange for Illumina and thus to vote on further Illuminations
Furthermore $OBY will also be used as governance token for the DAO
$OBY is claimable on our website
Detailed Description
Distribution of $OBY
$OBY voting tokens are only distributed to those Blacksquare owners with and edition having a set date for the next Illumination. After each Illumination, token distribution stops and is paused until the next Illumination date of the respective edition is set.
The period in which the token distribution takes place is called cycle and the number of days in which the token distribution takes place is defined as the cycle length.
Throughout each cycle of an edition, a total of 300 $OBY per Blacksquare will be distributed. The distribution of $OBY tokens per Blacksquare is daily, but dynamic, depending on the cycle length of an edition.
An example:
A new illumination date for edition 2 has just been set and will happen in 15 days.
This results in a cycle length of 15 days.
As a total of 300 $OBY will be distributed per cycle.
The daily $OBY distribution for Blacksquare holders in edition 2 is calculated as following:
Utility of $OBY
During Inception One, $OBY voting tokens are mainly used to swap for Illumina and thus to vote on further Illuminations.
With advanced project development, $OBY tokens will be used as governance tokens in DAO decision-making.
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