Part G: Information on the rights and obligations attached to the crypto-assets
This whitepaper follows the draft technical standards specifying certain requirements of the Markets in Crypto Assets Regulation (MICA) as published in ESMA's Final Report from 3 July 2024
Purchaser rights and obligations
The owners of OCLT have the right to transfer any amount of tokens in their possession to any other address on the DLT; they have the right to increase the amount of tokens under their control. They have no limit in the amount of token they can stake. Owners do not have any specific obligation toward the offeror arising from the mere possession of OCLT tokens.
Exercise of rights and obligations
There are no preconditions to owners of OCLT exercising their rights. In order to do so, they should have available their active private key and a HIVE wallet that implements Hive-Engine transfers and staking.
Conditions for modifications of rights and obligations
OffChain Luxembourg a.s.b.l. will never modify in any way the right of the OCLT owners to transfer any amount of tokens they possess. OffChain Luxembourg a.s.b.l. will agree on and publish any modifications to the conditions for the staking and unstaking of OCLT tokens. Possible modifications will only be done in accordance with its articles of association and internal regulations.
Future Public Offers
OffChain Luxembourg a.s.b.l. reserves the right to future public offers if it deems, in accordance with its internal procedures, that the underlying value-creation process is hampered by an insufficient quantity of OCLT tokens in circulation.
Issuer Retained Crypto-Assets
99975448000
Utility Token Classification
FALSE
Key Features of Goods/Services of Utility Tokens
not applicable
Utility Tokens Redemption
not applicable
Non-Trading request
FALSE
Crypto-Assets purchase or sale modalities
OCLT is already freely negociable on decentralized exchanges such as tribaldex.com or hive-engine.com
Supply Adjustment Protocols
FALSE
Supply Adjustment Mechanisms
not applicable
Token Value Protection Schemes
TRUE
Token Value Protection Schemes Description
OffChain Luxembourg a.s.b.l. operates an internal "monetary policy node" ("MonPol") with the mandate of maintaining the value of the OCLT token with respect to the work provided. The MonPol will monitor the "internal GDP" of the "economic zone" and the velocity of OCLT and estimate the trajectory of the economy of the zone. It will take measures to adjust monetary mass and velocity in consequence, so as to encourage additional value creation through work. The marketing node ("MktCom") and the onboarding node ("Newcomers") will take measures to increase the number of participants in the token economy. The other core value creation nodes will take measures to stimulate the overal value-creating social and economic activity in the community. The mechanisms for Token Value Protection will include: - Adaptive Staking Incentives -> To support token stability and reduce circulation velocity, OffChain Luxembourg will implement a dynamic staking incentives model. Based on real-time economic conditions, the MonPol may adjust staking rewards to align with the organization’s goals. Staking incentives are structured to encourage long-term holding and active participation, with three primary tiers: a) Standard Incentives b) Enhanced Incentives (based on necessity) c) Flexible Adjustments - Governance Driven Value Control -> The governance model links influence to both membership and token staking, ensuring that only committed and engaged members actively shape token policies, decisions and values. - Liquidity Management through ocl-paymaster and ocl-trez - OffChain Luxembourg utilizes two key reserves—ocl-paymaster for daily operations and ocl-trez for secure, long-term holding. Together, they provide flexible control over token liquidity, allowing the organization to adjust supply based on community demand and market conditions. During the public offer, a segregated account, ocl-ito1 will hold the tokens reserved for the offer.
Compensation Schemes
FALSE
Compensation Schemes Description
not applicable
Applicable law
Luxembourg law
Competent court
Tribunal de Luxembourg
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