1. Understanding IMO concepts

ORA @OraProtocol Focus on this. They launched the#IMOconcept, "IMO" (Initial Model Offering), which translates to "Initial Model Offering". This concept of tokenizing AI models is to realize the monetization of AI models in the real world. We must pay attention to this new method of asset issuance.

💡Let’s first briefly understand this concept:

If you approve of a certain AI model, you can purchase its exclusive tokens. The advantage of this is that it brings development funds to developers, and the second is that with the successful commercialization of AI models, profits will be generated and token holders will receive dividends.

2. Understand the ORA project

Back to the project itself, ORA issues OpenLM’s $OLM token through IMO to support OpenLM’s open source model. For token holders, IMO enables anyone to capture the value of AI models on the blockchain, including from sources such as on-chain revenue and inference assets such as ERC-7007.

🚩ORA implements two core components of IMO:

1. Verifiable on-chain#AI​​model (ORA’s OAO)

2. Revenue sharing used on the chain (for example, ORA’s ERC-7641 is dedicated to confirming the quality and reliability of the model; while ERC-7007 is the reasoning of the assets mentioned earlier, which can be understood as confirming the credibility of the token)

🚩Technical background

OpenLM is developed by researchers from multiple institutions including the University of Washington RAIVN Laboratory, UWNLP, Toyota Research Institute, Columbia University and other institutions.

🚩Token Economy

OpenLM's IMO will launch on April 12th at 6pm PT.

👉Token: OpenLM ($OLM)

👉Total supply: 1 billion $OLM

50% initial model release (public sale)

30% liquidity

10% reward distribution (OpenLM contributors)

10% ORA team

🚩IMO Information

Fully diluted value: 300 ETH

Total IMO funding: 150 ETH / 500 million $OLM

Price per $OLM IMO: 3E -7 $ETH (approximately $0.001 USD)

🚩Token Features

👉Revenue Sharing: A portion of the revenue from OAO or other sources will be allocated to a revenue sharing pool of $OLM tokens. Token holders can claim their income 90 days after the snapshot.

👉 Burning: A portion of the revenue from OAO or other sources will be allocated to the burning pool of $OLM tokens. Token holders can burn their tokens as a buyback mechanism.

🚩Timeline (Route)

👉 $OLM IMO registration is open

👉 $OLM IMO SALE

👉OAO integrates $OLM’s AI model

👉 $OLM Reward Distribution

👉 $OLM Revenue Sharing

💥What we need to do:

💡 $OLM IMO

👉Official link: ora.io/app/imo/olm

👉Register and participate in the ORA points program: Earn ORA points by interacting with the ORA protocol.

If you want to participate in $OLM IMO, you need to connect to ORA using your Twitter and wallet address.

You can log in and complete tasks in advance to prepare for the upcoming IMO launch day.

⏰IMO launch day

👉Start date: 9:00 am on April 13th, East Eighth District time

This IMO will be conducted on a first-come, first-served basis until all shares are allocated.

To buy $OLM in IMO, you need to have ETH ready. The minimum and maximum purchase amount limits are 0.01 ETH and 1 ETH respectively.

👉Duration: IMO will remain open for 72 hours.