Opu Coin – Current Market Policies
This Guide explains our current policies governing the sales, use and holding of Opu Coin (token symbol: ‘OPU’).
STATUS OF THE SMART CONTRACT
The ERC-20 Smart Contract (0x65e3c4a750a2e7cc7cce86d01587bbcbbe99042e) is published on Ethereum and can be viewed here.
DISTRIBUTION OF COIN BALANCES
The current distribution and transactions history for Opu Coin can be viewed on our live dashboard.
OPU WALLET
Opu Wallets are automatically created when users create an account at http://opu.ai/register. Opu Coins which have been earned from activities on the platform are credited to users accounts and will be transferred to their internal ethereum address i) upon purchase of a product on the Opu Marketplace or ii) through activation via a small deposit of ETH to their wallet.
REWARD COINS
All Opu Coins which have been issued to Rewards holders (airdrops, bounties, activities) are fully redeemable on the Opu Marketplace. These Coins will not be transferrable to external wallet addresses until further notice.
OPU COIN PURCHASES
All OPU purchased on the Opu Marketplace are only usable or redeemable on the Marketplace and are not transferable to external wallet addresses.
REDEMPTIONS
Users at checkout are able to redeem their OPU for discounts on products. Standard discounts are available across all products on the Marketplace. Partners from time to time will offer special discounts and packages.
OPU REWARDS OFFERS
Users can earn OPU by completing various activities. A listing of our current Awards can be found on our website.
ACCOUNT ACTIVATION AND MINIMUM BALANCES
Opu Coins are stored in the users account and are only moved to their internal ethereum wallet address after account activation. To activate, users can either make a first purchase on the Opu Marketplace or transfer 0.0050 ETH to their Opu Wallet. The ETH balance is used to cover ethereum transaction charges. A minimum balance of 0.0015 ETH will be kept in the wallet.
PROFESSIONAL ACCOUNTS
Opu Coins earned by brands, merchants, doctors or advisors on the Marketplace may be used on the platform to purchase services or for consumer rewards or may be transferred to any Ethereum wallet
EXCHANGES
Opu Coin has been pre-approved for listing on several exchanges. Opu Labs, Ltd. will make the decision to list the token based on overall market conditions.
REGULATORY
Opu Coin is issued by Opu Labs Ltd., a British Virgin Island corporation with its registered office at Nerine Chambers, PO Box 905, Quastisky Building, Road Town, Tortola VG 1110, British Virgin Islands. Opu Coin is an ERC-20 utility token and all transactions taking place on the Opu Marketplace are for commercial purposes only. The tokens are not intended to constitute securities of any form, units in a business trust, units in a collective investment scheme or any other form of regulated investment or investment product in any jurisdiction.