Full $OBS TGE Details
$ OBS CA: https://explorer.cronos.org/address/0x0AEBa21655185583367f19D0C882dfc654C6Dd54#code
Initial Announcement: October 3rd
Market Cap Snapshot: Randomly between October 6th-TGE Start
TGE Start: October 10th 2:00 PM Coordinated Universal Time (UTC)
TGE End: October 16th 2:00 PM Coordinated Universal Time (UTC)
$OBS Liquidity seeding & Go Live: October 17th 2:00 PM Coordinated Universal Time (UTC)
TOKENOMICS
10B Total Supply:
10% (1B $OBS) will be held for development to facility future growth of bridging, new liquidity etc not meant to go into circulation unless it is to facilitate this type of activity. If we don’t need it, we will burn it at a later date
TGE BREAKDOWN
70% (6.3B) Legacy Token Holders
15% (1.35B) New investors
10% (900M) Liquidity paired with 100% of CRO Raised
5% (450M) ROBIN Liquid NFTs with Puush (previously named retro 404s)
Finalized MCAP Snapshot was taken 2:50pm US Central time
Legacy Token Holders (6.3B $OBS)
ELIGIBLE TOKENS:
$ROBIN
$LION (Cronos)
$LION (zkEVM)
MARKET-CAP SNAPSHOT:
On the snapshot date (randomly taken between October 6th-TGE Start), we will record the market capitalization of each legacy token. Each token’s share of the combined market cap determines its percentage of the 6.3 B OBS allocation.
Example: If ROBIN represents 65% of the combined market cap, it would receive roughly 4 B OBS from the 6.3 B pool.
USER DEPOSITS:
Holders deposit their tokens during the TGE.
Suppose 10 B ROBIN are deposited in total.
The 4 B OBS allocated to the ROBIN pool will be divided pro-rata among all deposited ROBIN.
The same calculation applies to both LION pools.
Public TGE Sale (1.35B $OBS)
New investors can participate by depositing $CRO. The 1.35B $OBS allocated for the public sale will be split pro-rata according to the total $CRO contributed. No soft cap & no hard cap
This structure ensures:
Fair distribution to legacy holders based on actual market value at the snapshot.
A clear on-ramp for new participants to join the Obsidian ecosystem.
Vesting Terms
CLAIMABILITY:
At TGE completion, users will be able to claim 15% of their allocated OBS immediately.
The remaining 85% will be locked and released linearly over 90 days.
The locked portion will vest continuously and users will be able to claim vested tokens at any time (claimable per second).
This applies to OBS allocations from legacy token pools (ROBIN and both LION pools) as well as OBS received from the public CRO sale.
Use Case - Worked Example
*The following is a hypothetical example and should not be used to calculate your allocation*
ASSUMPTIONS FOR THE EXAMPLE:
Allocation to ROBIN pool: 4B OBS
Total ROBIN deposited by all participants: 10B ROBIN
User A deposit: 100K ROBIN
STEP-BY-STEP CALCULATION FOR USER A:
User A share of deposited ROBIN = User A deposit / Total ROBIN deposited = 100,000,000 / 10,000,000,000 = 1.000000%
User A total OBS allocation from ROBIN pool = Allocation to ROBIN pool × User A share = 4,000,000,000 × 1.000000% = 40,000,000 OBS
Immediately claimable (15%) = 15.00% of 40,000,000 = 6,000,000 OBS
Locked (85%) = 85.00% of 40,000,000 = 34,000,000 OBS
Vesting duration = 90 days (7776000 seconds)
Vesting (release) rate = Locked amount / Vesting seconds = 34,000,000 / 7,776,000 ≈ 4.372428 OBS/second
So, in this scenario (100 participants assumed across the example totals):
User A receives 6,000,000 OBS immediately at TGE completion.
The remaining 34,000,000 OBS unlocks linearly over 90 days at approximately 4.372428 OBS/second.
TGE Related Contracts
TGE Contract https://explorer.cronos.org/address/0xBC48798A865ADbd7cd1eb9E88Bf55BDa59965798#code
TGE Lock Contract https://explorer.cronos.org/address/0x0AEBa21655185583367f19D0C882dfc654C6Dd54#code
Treasury Wallet https://explorer.cronos.org/address/0xA8dB8275e9d1F641701A0956A08Aed153F244b11#tokens
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