Opening the OTC Market for all NFT Creators
Due to popular demand, Corra will be opening up an OTC discussion forum on Telegram (the “Corra OTC Forum”) to help Corrators (NFT creators on Corra) and community members obtain CORA tokens. To be fully transparent, the Corra OTC Forum will involve an official Corra representative offering existing tokens from existing token holders which have already been generated from Corra’s treasury as part of Corra’s private sale distribution to qualified future buyers. Corra OTC Forum is not an exchange, trading platform, or brokerage service. Instead, the Corra OTC Forum will help future qualified buyers communicate with Corra directly to privately purchase CORA tokens from existing token holders. This is entirely voluntary for any qualified future buyers and will not involve any intermediaries, brokers, or fees.
Below is a reminder of the initial use cases for CORA:
1. You can only upvote your product once when listed. If you wish to upvote your product even further and push it to the front page (similar to SEO), you’ll need to spend 0.01 CORA token for 1 additional upvote. There is no limit to spending CORA on upvotes. For NFT creators, this is a marketing expense to promote their NFT auctioned products on Corra.
2. For long-term CORA holders, liquidity pools will be available on Uniswap to stake using CORA/USDT or other pairings.
These use cases will specifically target product 1.0 when we release in 3–4 weeks. More use cases will be integrated into product 2.0.
Below is the token distribution for CORA:
Private Sale: 349,408
Liquidity Pool: 1,000,000
Team: 1,500,000
Marketing: 1,500,000
Partnership: 1,500,000
User Onboarding: 1,500,000
Staking: 1,500,000
Reserves: 1,150,592
Total Token 10,000,000
For more information, please join our telegram group: https://t.me/corragroupchat
To join the OTC Forum: https://t.me/corraotcforum
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Disclaimer
For the avoidance of doubt, at all times, the Corra OTC Forum never acts as a trading broker, intermediary, agent, financial advisor, exchange, brokerage, clearing house or trading platform of any kind or capacity. The Corra OTC Forum is not an “exchange” as defined under Section 3(a)(1) of the United States Securities Exchange Act of 1934, as amended (the “U.S. Exchange Act”) and under Rule 3b-16 of the U.S. Exchange Act. The Corra OTC Forum is not an “alternative trading system,” as defined under Canadian National Instrument 21–101.
No securities regulatory authority has either approved or disapproved of the contents of this news release. None of the digital tokens, coins or securities issued pursuant to this news release or in connection with the Corra OTC Forum have been or will be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws. Accordingly, the digital tokens, coins or securities may not be offered or sold within the United States or to U.S. persons (as defined in Regulation S under the U.S. Securities Act), unless registered under the U.S. Securities Act and applicable state securities laws, or pursuant to exemptions from such registration requirements of the U.S. Securities Act and applicable state securities laws. This news release does not constitute an offer to sell or a solicitation to buy such digital tokens, coins or securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
