LGE Launch

The Liquidity Generation Event (LGE) — Buy-Only Mechanism

During the LGE phase, OhShii implements a buy-only bonding curve: selling is technically impossible until the curve completes and liquidity is migrated to ICPSwap. This prevents front-running, bot manipulation, and instant rug-pulls. New LGEs price on the SigmoidV2 smoothstep curve (legacy campaigns used a power curve).

The creator picks how much ICP the LGE raises — anywhere from 500 ICP up to 5000 ICP, in steps of 500 (500, 1000, 1500, … 5000). The token price is determined by the formula below (shown for the 500-ICP default target; a higher target keeps the exact same curve shape and simply scales every price up proportionally — a 5000-ICP LGE prices every token 10× a 500-ICP one):

Sigmoid V2 (current LGEs):  p(x) = 10 + 123 × (3x² − 2x³),  x = tokens_sold / 700M
Power Curve V1 (pre-V2 campaigns):  P(t) = 10 + 215 × (t/758.41M)^2.844

The purchase cost of a token range (from a to b) is calculated as:

Sigmoid V2:  Cost(a,b) = 700M × (F(b/700M) − F(a/700M)),  F(x) = 10·x + 123·(x³ − x⁴/2)
Power V1:    Cost(a,b) = 10×(b−a) + 215×(b^(k+1)−a^(k+1)) / ((k+1) × 758.41M^k),  K = 2.844

Fundraising and Liquidity

The creator sets the LGE’s fundraising target — any multiple of 500 ICP, from 500 ICP up to 5000 ICP (500, 1000, 1500, 2000, 2500, 3000, 3500, 4000, 4500, 5000). The token amounts never change (always 700M sold on the curve, 200M in the pool, 100M in the DAO treasury); only the prices scale with the chosen target. A 2000-ICP LGE is the exact same curve as a 500-ICP one with every price multiplied by 4 — same shape, same tokens, 4× the ICP raised and 4× the ICP seeded into the pool.

Everything downstream scales with the target — the ICP raised, the ICP that seeds the pool, and the ICPSwap listing price:

Chosen target	→ ICPSwap pool (~90%)	→ platform + referral (~10%)	ICPSwap listing price
500 ICP (default)	450 ICP	50 ICP	0.00000225 ICP/token
1000 ICP	900 ICP	100 ICP	0.00000450 ICP/token
2500 ICP	2250 ICP	250 ICP	0.00001125 ICP/token
5000 ICP (maximum)	4500 ICP	500 ICP	0.00002250 ICP/token

The end-of-LGE price is always about 41% below the listing price, whatever target the creator picks (the ratio between them is fixed). The examples in the rest of this page use the 500-ICP default; multiply the ICP figures by target / 500 for any other target.

Once the curve sells out (700 million tokens on Sigmoid V2), the raised ICP — the creator’s chosen target — is split as follows. (Legacy campaigns differ: Power Curve V1 raised ~500 ICP over 758.41M tokens; the exponential legacy dao-0000000000–0000000010 raised ~1000 ICP over 800M tokens.)

90% → ICPSwap liquidity pool — 450 ICP at the default, scaling up to 4500 ICP at the 5000 target
5% → OhShii platform — 25 ICP at the default, up to 250 ICP
0–5% → Referral rewards (based on sponsor’s VP; unearned portion stays in OhShii treasury)

Token Distribution (1B total supply — identical at every target)

700M (70%) → Distributed during LGE — Sigmoid V2 (Power Curve V1: 758.41M / 75.84%; exponential legacy: 800M / 80%)
200M (20%) → ICPSwap liquidity pool
100M (10%) → DAO reserve (platform fees, quests and allocations; held in the campaign’s governance canister) — Sigmoid V2 (Power Curve V1: 41.59M / 4.16%; exponential legacy: no DAO reserve)

The 200M tokens plus ~90% of the raise (450 ICP at the default, up to 4500 ICP at the 5000 target) create the liquidity pool on ICPSwap. The 100M tokens (10%) remain in the campaign’s DAO governance canister. At the 500-ICP default, Sigmoid V2 lists on ICPSwap at 0.00000225 ICP per token and ends the curve at 0.00000133 ICP per token; both scale by target / 500, so the end-of-LGE price stays ~41% below the listing at every target. The ICPSwap opening price is a mechanical result of the 200M-token : pool-ICP seed ratio, not a separate knob. The sale is buy-only, so tokens cannot be sold into the curve before the pool exists.

Refund protection on failure

If the curve does not sell out before the deadline, the LGE fails and contributors can reclaim their ICP via the “GET REFUND” button within 7 days — about 95% for contributors and 70% for creators (Guest-tier contributors also get their 30,000 OHSHII guest fee back). If the curve does not complete, contributed ICP is returned to contributors from the campaign’s held sub-accounts rather than released to the creator.

→ Full percentages and how to claim: Refunds.

Immediate Creation of Ledger, Index, Governance and Pool

Every launched token immediately has a ledger canister, an index canister, and a governance canister; the pool on ICPSwap is also created at the same time as the LGE.

This approach:

Prevents exploits or errors by blocking fundraising immediately if something fails.
Allows creators to prepare right away for listings, bots, and services, without waiting for the bonding curve to complete.

Token Purchase Limits

Creator: can purchase up to 80 million tokens (8% of supply). No one else can buy before the creator.

Contributors:

Standard Users → up to 4 million tokens.
Voter Benefits Protocol tiers:

Tier	Requirement	Purchase limit
Guest (unverified)	—	1M tokens
Human (verified)	Identity verified	4M tokens
Fish	≥2,000 VP + active voter	12M tokens
Shark	≥10,000 VP + active voter	18M tokens
Whale	≥30,000 VP + active voter	24M tokens

“Active voter” means having voted on at least 2 of the last 3 ONS governance proposals. The Fish/Shark/Whale tiers all require it — a verified holder who stops voting keeps their verification and VP but is demoted to the Human (4M) tier until they vote again.

Voting power is capped at 36,000 VP for everyone

Voting power is not proportional to how many tokens you hold. It is computed as √(tokens locked) × months locked, and it is hard-capped at 36,000 VP per user — the same ceiling for a contributor, a whale, and the creator alike.

Because of the square-root, the cap is reachable with a small amount of tokens locked for a long time:

Example (24-month lock): VP = √(tokens) × 24. To hit the 36,000 cap you need √(tokens) = 36,000 / 24 = 1,500, i.e. only 2,250,000 tokens (≈ 0.22% of supply) locked for 24 months already reaches the maximum voting power. Locking more tokens, or for longer, does not grant more than 36,000 VP.

The creator has a separate 80M token purchase allocation (8% of supply) and does not need governance qualification to buy. That allocation does not translate into governance control. Even if the creator buys the full 80M and locks it for 24 months, their raw VP would be √(80,000,000) × 24 ≈ 214,663 — but it is still clamped to the same 36,000 VP cap as everyone else. In other words, the creator’s larger token stake gives them no extra voting power beyond a regular participant who locks ~2.25M tokens for 24 months. The community, in aggregate, always retains control of the DAO.

Token Claiming & Vesting

Every LGE created through the OhShii Launcher uses governance-managed vesting — bought tokens are released gradually, not all at once, and vesting always applies to both the creator and contributors (the creator only sets the schedule). Locks are created at completion on the campaign’s own DAO, and you activate them within one week to start the unlock schedule; the OhShii Locker frontend is where you view and manage them.

Creator extended cliff (> 12M tokens). To keep the creator aligned with contributors, a creator whose total purchase exceeds 12 million tokens gets a longer initial cliff: their first unlock lands 3 vesting periods after activation instead of the standard 1 period (e.g. on a monthly schedule, the creator’s first release is ~3 months out versus ~1 month for everyone else). This applies only to the creator, and only above the 12M threshold — a creator with 12M or fewer tokens, and every contributor, uses the standard 1-period cliff.

→ Full guide (activation, schedules, where the tokens live): Claim & Vesting.