Phase I - The Rise of the Divine OX
Alpha and Omega would not be without the support of the Alpha and Omega community. Rather than giving early access to investors or selected elite groups, we want everyone in the Alpha and Omega community to have a fair chance of participation.
We first Introduced a Liquidity Bootstrap Event (LBE) for OX (our algorithmic token).
Our LBE was the main source to provide initial liquidity and the treasury’s initial backing for OX.
OX tokens were minted for the event and we started our journey. We soon learned that algorithmic tokens are susceptible to speculation and FUD. Soon users were exploiting bonds and the staking rewards, causing the overall system to experience large block purchases and dumps. This is not what we needed for the educational blockchain.
OX is now being replaced by PAI, the educational credit pegged to Current (CRNT) the 1 dollar backed by gold instrument.
We will announce the exact time in our Telegram (Only holders of OX can join) for the swap from OX, and post the date when the initial liquidity will be added, providing total transparency to our community.
What about the LP token?
The LP tokens will be removed from all DEXs and replaced with PAI-CRNT LPs on each blockchain synced with Chain-link Oracles.
Why do we believe this is important?
We are going to be 100% transparent with the community. We are proposing a fixed rate round only to ensure the Alpha and Omega DAO can be sustained. Future development work can be funded via the Alpha and Omega DAO through a DAO voting procedure.
We plan to launch the educational bonding function with the launch event of Omega the validator nodes for Paideia. We will target a 10% discount positive ROI for bonders across the board for the PAI-CRNT pool.
The exact launch time of the swap event will be announced in our Discord.
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