The OVR Public Sale is Approaching! Introducing the IBCO, a fair token sale model

In about four weeks, on 30 November 2020, we will be hosting the public sale for the OVR token. We’ve done a lot of thinking behind how we wanted to raise funds for our augmented reality app — with lots of features, including Exploration, Live Event hosting, sophisticated Artificial Intelligence virtual assistants, and the much anticipated virtual land NFTs.

After much careful consideration, learning from past models of token sales over the years, we have settled upon a new type of token sale model that we believe will protect the interests of both the project and more importantly, the participants.

The OVR token sale, therefore, takes the shape of what is called an Initial Bonding Curve Offering (IBCO), which features several unique features that make it a far safer investment than typical ICOs, such as:

• Guaranteed liquidity, so you can always buy or sell OVR tokens
• Market-driven price discovery, with price determined by true market demand.
• Flexible supply that burns tokens or creates new ones, depending also on market conditions, to protect value.

OVR co-founder, Diego Di Tommaso wrote an entire article on Hackernoon that describes what  we believe is the new primary for crypto projects funding. But to quickly run through our thoughts behind it, we would like to invite you to look back on the short history of crypto projects fundraising.