# ORENYA Tokenomics
## Public Sale, Supply Distribution & Network Economics

**Version 1.0 · June 2026**

---

## Abstract

**ORENYA** is the native utility and governance token of the **Orenya AI Network** — a decentralized AI commerce network where users earn for verified interaction, miners run agents, and validators attest sessions.

This document defines the **tokenomics for the public sale (ICO)**:

- **Total supply:** 1,000,000,000 ORENYA (1 billion, fixed max supply)
- **Sale model:** Pre-liquidity public sale — contributors purchase **before** any DEX liquidity is added
- **Soft cap:** $2,000,000 USD equivalent
- **Hard cap:** $5,000,000 USD equivalent
- **Structure:** **10 stages**, **1 week per stage** (10 weeks total)
- **Chains:** Ethereum, BNB Chain, and Solana (cross-chain aggregate caps)

Network design, training loop, and miner/validator roles are covered in the [Orenya AI Network Whitepaper](./Orenya-AI-Network-Whitepaper.md) and [Project Goals](./PROJECT-GOALS.md).

**Live product:** [orenya.xyz](https://orenya.xyz) · **ICO:** [orenya.xyz/ico](https://orenya.xyz/ico)

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## Table of Contents

1. [Token Overview](#1-token-overview)
2. [Total Supply & Allocation](#2-total-supply--allocation)
3. [Public Sale (ICO) — Pre-Liquidity](#3-public-sale-ico--pre-liquidity)
4. [10-Stage Sale Schedule](#4-10-stage-sale-schedule)
5. [Soft Cap & Hard Cap](#5-soft-cap--hard-cap)
6. [Token Delivery & Liquidity Timeline](#6-token-delivery--liquidity-timeline)
7. [Vesting & Lockups](#7-vesting--lockups)
8. [Token Utility](#8-token-utility)
9. [Use of ICO Proceeds](#9-use-of-ico-proceeds)
10. [Multi-Chain Sale Mechanics](#10-multi-chain-sale-mechanics)
11. [Risk & Disclaimers](#11-risk--disclaimers)

---

## 1. Token Overview

| Field | Value |
|-------|-------|
| **Name** | Orenya |
| **Symbol** | ORENYA |
| **Total supply** | 1,000,000,000 |
| **Decimals** | 18 (EVM) · 9 (Solana mint standard) |
| **Inflation** | None — fixed max supply |
| **Sale type** | Public ICO (pre-liquidity) |
| **Governance** | DAO (post-launch) |

ORENYA aligns incentives across **users** (training data), **miners** (agent operators), and **validators** (session attestation). The public sale funds network bootstrap before emissions and marketplace fees fully sustain the ecosystem.

---

## 2. Total Supply & Allocation

**1,000,000,000 ORENYA** — fixed, no minting beyond genesis allocation.

| Allocation | % | Tokens | Purpose |
|------------|---|--------|---------|
| **Public sale (ICO)** | 25% | 250,000,000 | 10-stage pre-liquidity sale across Ethereum, BNB Chain, Solana |
| **Miner & user rewards** | 30% | 300,000,000 | Emissions for verified agent sessions and training contributions |
| **Ecosystem & treasury** | 20% | 200,000,000 | Grants, partnerships, integrations, protocol development |
| **Team** | 15% | 150,000,000 | Core contributors — 4-year vesting, 1-year cliff |
| **Liquidity** | 10% | 100,000,000 | DEX liquidity seeded **after** ICO closes (not sold during ICO) |

### Allocation diagram

```diagram-supply-allocation
```

**Important:** The **liquidity allocation is not part of the ICO sale**. Tokens are reserved and paired on DEX **after** the public sale completes and soft cap is met. Contributors buy at staged ICO prices **before** the first liquidity pool exists.

---

## 3. Public Sale (ICO) — Pre-Liquidity

### Why pre-liquidity?

The ICO runs **before** any automated market maker (AMM) pool is created. This means:

1. **Early supporters** receive staged pricing without competing against pool arbitrage during the sale.
2. **Raise caps** (soft/hard) apply to the sale contracts, not to secondary trading — because there is no secondary market until TGE + liquidity event.
3. **Liquidity allocation (10%)** is deployed in a separate, transparent step after the sale — typically paired with a portion of ICO proceeds per governance/policy published before TGE.

### Sale parameters

| Parameter | Value |
|-----------|-------|
| Tokens offered | 250,000,000 ORENYA (25% of supply) |
| Soft cap | **$2,000,000** USD equivalent (aggregate, all chains) |
| Hard cap | **$5,000,000** USD equivalent (aggregate, all chains) |
| Stages | **10** |
| Duration per stage | **7 days** |
| Total sale window | **~10 weeks** |
| Min contribution | $50 USD equivalent (per wallet, per chain policy) |
| Max contribution | $25,000 USD equivalent (per wallet, per stage; subject to contract) |

Accepted currencies: **ETH** (Ethereum), **BNB** (BNB Chain), **SOL** (Solana). USD figures use an on-chain oracle or admin-published rate snapshot at contribution time (implementation detail in smart contracts).

---

## 4. 10-Stage Sale Schedule

```diagram-sale-stages
```

Each stage lasts **one calendar week**. Stage *N+1* opens automatically when stage *N* ends **or** when stage *N* sells out — whichever comes first. Unsold tokens from an earlier stage **roll forward** to the next stage at the **next stage’s price**.

**250,000,000 tokens** are offered across 10 stages (**25,000,000 tokens** target per stage).

Prices increase each stage to reward earliest participants. Stage caps sum to the **$5M hard cap**.

| Stage | Week | Price (USD) | Tokens (target) | Stage cap (USD) |
|-------|------|-------------|-----------------|-----------------|
| **1** | 1 | $0.0110 | 25,000,000 | $275,000 |
| **2** | 2 | $0.0130 | 25,000,000 | $325,000 |
| **3** | 3 | $0.0150 | 25,000,000 | $375,000 |
| **4** | 4 | $0.0170 | 25,000,000 | $425,000 |
| **5** | 5 | $0.0190 | 25,000,000 | $475,000 |
| **6** | 6 | $0.0210 | 25,000,000 | $525,000 |
| **7** | 7 | $0.0230 | 25,000,000 | $575,000 |
| **8** | 8 | $0.0250 | 25,000,000 | $625,000 |
| **9** | 9 | $0.0270 | 25,000,000 | $675,000 |
| **10** | 10 | $0.0290 | 25,000,000 | $725,000 |
| | | **Weighted avg ≈ $0.020** | **250,000,000** | **$5,000,000** |

### Stage progression rules

1. **Weekly cadence** — Each stage is open for 7 days unless sold out earlier.
2. **Sold out** — If a stage hits its token or USD cap before the week ends, the next stage opens immediately.
3. **Roll-forward** — Unallocated tokens from a completed stage carry into subsequent stages.
4. **Hard cap** — When aggregate contributions reach **$5,000,000**, the sale ends globally (all chains).
5. **Current price** — Contributors always pay the **active stage price** at time of transaction.

### Example

- Stage 1 sells $275,000 in 3 days → Stage 2 opens on day 4.
- Cumulative raise after Stage 4: $275k + $325k + $375k + $425k = **$1.4M** (below soft cap).
- Soft cap (**$2M**) is typically reached during **Stage 5–6** if stages fill on schedule.

---

## 5. Soft Cap & Hard Cap

### Soft cap — $2,000,000

The sale **must raise at least $2,000,000** (USD equivalent, all chains combined) to succeed.

| Outcome | Result |
|---------|--------|
| **≥ $2M raised** by sale end | Sale succeeds → TGE + token distribution per schedule |
| **< $2M raised** by sale end | Sale fails → contributions **refunded** (minus gas where applicable) |

The soft cap protects contributors: the network bootstrap proceeds only if minimum funding is secured.

### Hard cap — $5,000,000

The sale **stops immediately** when aggregate contributions reach **$5,000,000**. No further ICO allocations are sold beyond 250M tokens and $5M cap — whichever limit is hit first.

| Cap | Amount | Meaning |
|-----|--------|---------|
| Soft cap | $2,000,000 | Minimum for successful sale |
| Hard cap | $5,000,000 | Maximum ICO raise |

---

## 6. Token Delivery & Liquidity Timeline

```diagram-ico-timeline
```

### Pre-liquidity vs post-liquidity

| Phase | Liquidity pool | ICO tokens |
|-------|----------------|------------|
| During ICO | **None** | Purchased but not yet tradable on DEX |
| At TGE | Created in separate event | **Claimable / transferred** to buyers |
| After TGE | Public trading begins | Market price discovered on DEX |

Contributors should assume **no secondary liquidity** until the post-ICO liquidity event. Plan for illiquidity during and immediately after the sale until TGE.

---

## 7. Vesting & Lockups

| Allocation | Vesting |
|------------|---------|
| **Public sale (ICO)** | **100% at TGE** — full unlock when sale succeeds and tokens are delivered |
| **Liquidity** | Locked per DEX LP policy (e.g. 12–24 month lock or burned LP — published before TGE) |
| **Team** | **4-year linear vesting**, **1-year cliff |
| **Ecosystem & treasury** | DAO / multisig release schedule — no sale at ICO |
| **Miner & user rewards** | Emission schedule over network lifetime (not sold at ICO) |

ICO participants receive tokens at TGE with **no vesting cliff** on the public allocation — the staged pricing and pre-liquidity model compensate earlier risk.

---

## 8. Token Utility

ORENYA is a **utility and governance** token for the Orenya AI Network:

| Use | Description |
|-----|-------------|
| **User training rewards** | Paid to users for verified, high-quality interaction data |
| **Miner emissions** | Paid to agent operators for attested sessions |
| **Validator staking & rewards** | Stake to verify; earn for honest attestation |
| **Marketplace fees** | Task payments between users and miners |
| **Governance** | Vote on emissions, parameters, treasury, and upgrades |

Utility activates as network mainnet features roll out per the [network roadmap](./Orenya-AI-Network-Whitepaper.md#14-roadmap). ICO funds accelerate development; token utility is tied to shipped network capabilities.

---

## 9. Use of ICO Proceeds

Indicative allocation of net ICO proceeds (subject to DAO / treasury governance post-launch):

```diagram-proceeds-allocation
```

| Category | Indicative % | Purpose |
|----------|--------------|---------|
| **Engineering & product** | 40% | Amazon agent, SDK, validator tooling, storage integration |
| **Liquidity & market ops** | 25% | DEX seeding alongside 10% token liquidity allocation |
| **Security & audits** | 15% | Smart contract audits, bug bounties, infra hardening |
| **Ecosystem & growth** | 12% | Miner onboarding, grants, community |
| **Legal & compliance** | 8% | Counsel, jurisdictional review, operational compliance |

---

## 10. Multi-Chain Sale Mechanics

The ICO accepts contributions on **three chains** with **shared** soft cap and hard cap:

- **Ethereum** — ETH contributions
- **BNB Chain** — BNB contributions  
- **Solana** — SOL contributions

### Aggregate caps

Soft cap ($2M) and hard cap ($5M) apply to the **sum across all chains**. A single global counter (or cross-chain messaging / admin reconciliation) ensures the hard cap is not exceeded.

### Allocation accounting

Each contribution receives ORENYA at the **active stage price**:

```
tokens = contribution_usd / stage_price_usd
```

Cross-chain contributions are normalized to USD at transaction time per contract rules.

### Contract deployment

Sale contract addresses are published at [orenya.xyz/ico](https://orenya.xyz/ico) when deployed. Until then, the site operates in configuration/preview mode.

---

## 11. Risk & Disclaimers

This document is **informational** and does not constitute financial, legal, or tax advice.

- **Regulatory** — Token sales may be restricted in certain jurisdictions. Contributors are responsible for compliance.
- **Smart contract risk** — Bugs, exploits, or oracle failures can cause loss. Audits reduce but do not eliminate risk.
- **No guarantee** — Soft cap, hard cap, stage timing, and utility delivery depend on implementation and market participation.
- **Pre-liquidity** — Tokens are not DEX-tradable during ICO. Price discovery happens only after liquidity is added.
- **Network beta** — Miner, validator, and reward features are on the roadmap; utility grows with shipped product.

For network architecture and training-loop design, see the [Orenya AI Network Whitepaper](./Orenya-AI-Network-Whitepaper.md).

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## Summary

| Item | Value |
|------|-------|
| Total supply | **1,000,000,000 ORENYA** |
| ICO allocation | **250,000,000 ORENYA (25%)** |
| Sale type | **Pre-liquidity** staged ICO |
| Stages | **10 × 1 week** |
| Soft cap | **$2,000,000** |
| Hard cap | **$5,000,000** |
| Price range | **$0.011 → $0.029** (stage 1 → 10) |
| ICO vesting | **100% at TGE** |
| Liquidity | **10% supply — added after ICO, not sold in ICO** |

**Orenya AI Network** · [orenya.xyz](https://orenya.xyz) · [ICO](https://orenya.xyz/ico) · [Tokenomics](https://orenya.xyz/tokenomics)

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*Document version 1.0 · June 2026 · Subject to update when contract parameters are finalized.*