# Oolong Token

## Information

* blockchain network: ThunderCore
* address: 0x47fe33d321EEF4719FdFf38EA72B1dFC7f0cdf10
* name: Oolong
* symbol: OOL
* total supply: 100 million

## Usage

#### Community treasury

With 60% of OOL distributed in the teapot, the community can access most of Oolong by adding liquidity into the teapot. 

#### Protocol profit sharing

Periodically buyback oolong with protocol profit and share those oolong with LP provider.

#### Oolong VIP

Vip program is on development. It includes profit sharing and some others benefit. Coming soon!

## Distribution

OOL's initial token supply on ThunderCore network is **100,000,000 OOL**. **70%** of the total OOL is reserved for the community, and the remaining 30% reserved for teams and future partners/advisors.

* 70% or 70,000,000 OOL  reserved for the community
  * 60% of 60,000,000 OOL distributed in the oolong teapot
  * 10% reserved for the future community usage, such as governance incentive
* 30 % or 30,000,000 OOL reserved for the team related
  * 20% or 20,000,000 OOL reserved for the team, 3-month cliff, and 2-year vest.
  * 10% or 10,000,000 OOL reserved for the partners/advisors.