OpenLM IMO Launch Announced by ORA Protocol

The verified prediction protocol ORA, originally known as Hyper Oracle, is scheduled to launch its OpenLM IMO on April 13 at 09:00 Beijing time, according to Foresight News. Now, users can register with X and link their wallets. With a minimum purchase quantity of 0.01 ETH and a maximum purchase amount of 1 ETH, the IMO operates on a first-come, first-served basis. The IMO will be accessible for a whole day.

One billion OpenLM IMO tokens, or OLM, are in circulation. Ten percent will go to OpenLM contributors, thirty percent will be used for liquidity, fifty percent will be used for the IMO public auction, and the remaining ten percent will go to the ORA team. The OLM valuation, completely diluted, is 300 ETH. The IMO plans to raise 500 million OLM, or 150 ETH. OLM is now trading for 3e-7 ETH on the IMO (or around 0.001 USDT). OLM's two primary characteristics are destruction and revenue sharing.

The revenue sharing pool made up of OLM tokens will get a share of the money made from OAO and other sources. Following the snapshot, token holders are eligible to apply for income once every 90 days. A part of OAO's and other sources' earnings will go toward the destruction pool for OLM tokens. As a buyback option, token holders can destroy their tokens to maintain the OLM floor price.

The goal of OpenLM, an executable language model repository, is to advance the study of intermediate language models while optimizing GPU usage and training velocity.