Ookeenga Token ($OKG) Utilities

Governance

To promote decentralised community governance for the network, $OKG would allow holders to propose and vote on governance proposals to determine future features, upgrades and/or parameters of the Ookeenga Platform, or provide feedback, with voting weight calculated in proportion to the tokens staked. The right to vote is restricted solely to voting on features of the Ookeenga Platform; it does not entitle $OKG holders to vote on the operation and management of the Company, its affiliates, or their assets or the disposition of such assets to token holders, or select the board of directors or similar bodies of these entities, or determine the development direction of these entities, nor does $OKG constitute any equity interest in any of these entities or any collective investment scheme; the arrangement is not intended to be any form of joint venture or partnership. After governance launch there will be no individual or corporate entity or other active promoter, sponsor, or group or affiliated party that maintains sole control over the Ookeenga Platform.

Staking

Staking is the process of holding tokens in a smart contract-based liquidity pool to support the operations of a network. To ensure that users receive access to $OKG so that they may utilise these for in-game functions and community governance, other users would need to be incentivised to become liquidity providers and stake their digital asset pairs (e.g BNB/$OKG) into the decentralised market making pools to provide the necessary liquidity for transactions. As compensation for opportunity costs, these liquidity providers which help to promote adoption of the Ookeenga Platform by staking or including assets to liquidity pools in exchange for LP tokens would be rewarded with $OKG (i.e. "staking" on the Ookeenga Platform), according to each user's relative contribution after various adjustment and correction parameters. These $OKG staking rewards may be adjusted from time to time in accordance with market conditions and trends.

Medium of Exchange

$OKG is a functional multi-utility token which will be used as the medium of exchange between participants on the Ookeenga Platform in a decentralised manner. The goal of introducing $OKG is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on the Ookeenga Platform without any intermediaries such as centralised third party entity/institution/credit. It is not, and not intended to be, a medium of exchange accepted by the public (or a section of the public) as payment for goods or services or for the discharge of a debt; nor is it designed or intended to be used by any person as payment for any goods or services whatsoever that are not exclusively provided by the issuer. $OKG does not in any way represent any shareholding, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise or undertaking, nor will $OKG entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in Singapore or any relevant jurisdiction. $OKG may only be utilised on the Ookeenga Platform, and ownership of the same carries no rights, express or implied, other than the right to use $OKG as a means to enable usage of and interaction within the Ookeenga Platform. The secondary market pricing of $OKG is not dependent on the effort of the Ookeenga team, and there is no token functionality or scheme designed to control or manipulate such secondary pricing. In particular, $OKG can be used to pay for certain in-game activities such as breeding, crafting, enhancing and buying NFTs on marketplace.