Technology

  • Blockchain (Ethereum, Polygon)

    • Open Town operates on the Ethereum blockchain using the EVM (Ethereum Virtual Machine) as its computation engine.

    • The main tokens ($OT and NFT) are deployed on Ethereum, while some promotional NFTs are deployed on Polygon.

  • Token standards (ERC-20, ERC-721)

    • OPENTOWN tokens are implemented as ERC-20 fungible tokens.

    • Town NFTs are implemented as ERC-721 non-fungible tokens.

  • $OT issuing (Allocation smart contract)

    • Initially issued $OT tokens are allocated to the following categories in their respective proportions:

This allocation is enforced by a smart contract.

  • $OT compensation smart contract

    • A portion of the revenue from NFT sales is distributed to $OT holders based on their contribution to Open Town, such as staking.

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