We’re happy to share some key updates from the OORT Foundation, including the contract details for the lockup of 800 million $OORT tokens and our Q3 2024 token buyback and burn.

40% of Total Supply Locked for Five Years

On September 16, 2024, we locked 800 million $OORT tokens—representing 40% of the total supply—in a smart contract for five years. This lockup ensures sustainable mining rewards and reinforces our focus on decentralized growth.

You can also view the locked tokens here: https://mainnet-scan.oortech.com/address/0x1F9F424dbE5012c900cC238d31889A1eCdC51B27.

For more details on our tokenomics updates, including the latest information on mining rewards and team token releases, visit our detailed update here.

Q3 2024 Token Buyback & Burn

In Q3 2024, we bought back 4.626 million $OORT tokens worth $620,000 USDT, with an average purchase price of $0.134. Here’s the breakdown:

• 2.591 million tokens from Gate.io
• 1.535 million tokens from KuCoin‍
• 500,000 tokens from Bitget

All repurchased tokens have been burned to reduce the circulating supply. You can see the burn transaction here: https://mainnet-scan.oortech.com/tx/0x8997eb73bf890b4910126259dda6c755cb9a205b6f66fa687098edf69c82f18d.

✅ Official Links

Please follow ONLY our official accounts and double-check URLs before engaging

• Website: http://oortech.com
• OORT Foundation: https://www.oortfoundation.org
• Ale Wallet: http://alewallet.app
• Twitter: https://twitter.com/oortech
• Telegram Announcement: http://t.me/oortech_announcements
  
• Discord: https://discord.gg/oort-decentralized-ai
• Docs: https://docs.oortech.com/oort/