# OTTERLY Whitepaper

$OTTR is an ERC-20 token launching on the Ethereum blockchain. It is started from an AI experiement with ChatGPT and DALLE with a prompt to define a new meme coin character. From that it ended up with a custom GPT that was able to define the character and is helping to write the entiere story that will introduce the character (Ollie The Otter) through the roadmap to the community with more details.&#x20;

<figure><img src="https://529116908-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtCkFyQifSDMzBbxQVwDY%2Fuploads%2FmrJx0qUh9m8tZvaqB9rw%2Fotterly-intro.jpg?alt=media&#x26;token=5da5a7da-94e3-49b5-a975-ed88a604526e" alt=""><figcaption><p>Ollie The Otter - An AI generated Meme Charecter that represents the $OTTR Coin on Solana</p></figcaption></figure>

## Introduction

$OTTR is a new coin on the Ethereum blockchain, designed to capture the essence of meme culture while providing a secure and community-driven cryptocurrency. With a total supply of 100 billion tokens, $OTTR aims to become a staple in both the meme and crypto communities. Early community members will mint a excluive limited NFT from the "Otter Club" Collection that will airdriop every NFT holder 1.5 million $OTTR at the ICO day and will help to solve the "Hidden Whale Wallet" challenge that will give the winner access to 50 billion $OTTR.&#x20;

## Otter Club NFT&#x20;

The Otter Club NFT Collection was created to to build the important fundamentals to realize the future vision of whole ecosystem.&#x20;

Each Otter Club NFT is unique and programmatically generated from Ollie as the base characters and was paired with up to 50 possible traits, including headwear, clothing, expression and more.&#x20;

All Otter Club NFTs are amazing, but some are rarer than others. Each Otter Club NFT, not matter how rare it is, comes with a $OTTR token package of 1.5 million tokens, that will send through an airdrop to all NFT holders at the token launch day.&#x20;

In addition to that each Otter Club NFT doubles as a exclusive membership access token to the "Otter Launchpad", a members only audited area to discover new crypto and NFT projects and to pitch a own project for an audit.&#x20;

Purchasing a Otter Club NFT costs $55 in ETH for everyone. Thera are no bonding curves in the Otter Club. &#x20;



## OTTR Tokenomics

* **Total Supply:** 100 Billion $OTTR Tokens
* **Public Allocation:** 80% (80 Billion Tokens)
  * **Presale:** Up to 15% of total supply
  * **Airdrop:** 5% of total supply
  * **Liquidity Pool (LP):** 55% or more
  * **Contest Pool (Hidden Wallet):** 5% (5 Billion Tokens)
* **Team Allocation:** 10% (10 Billion Tokens)
* **Development & Marketing Allocation:** 10% (10 Billion Tokens)

<figure><img src="https://529116908-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtCkFyQifSDMzBbxQVwDY%2Fuploads%2FFwechBUD1oXCjWHjUBmr%2Fotterly-tokenomics.jpg?alt=media&#x26;token=ffd3d329-9aac-4cb3-b390-dca1a651bbab" alt=""><figcaption><p>95</p></figcaption></figure>

## Presale Details

* **Presale Allocation:** Up to 15 Billion Tokens
* **Pricing Strategy:** The token price will be determined based on the presale's traction.
* **Discount:** Presale tokens will be priced at least 20% lower than the token's initial market price.

## Airdrop

* **Total Airdrop Tokens:** 5 Billion Tokens
* **Purpose:** To reward early supporters and community members.

## Liqudity Pool (LP) and Token Burn

* **LP Contribution:** The team will contribute and burn 80% of all ETH that are generated through the NFT mint into the LP pair.
* **LP Tokens:** All LP tokens will be burned to ensure liquidity is locked permanently.
* **Contract Authority:** The contract authority has been revoked to enhance security and trust.

## So what's next?

$OTTR is not just another memecoin; it's a community-driven project on the Solana blockchain with a clear roadmap, secure and transparent practices, and a commitment to its holders. Through strategic token allocation, presale incentives, and a focus on liquidity and security, $OTTR is poised for success in the crypto and meme markets. OTTERLY into Solana's Memecoin Future!&#x20;



**Pre Sale Site:**&#x20;

{% embed url="https://ollieotter.meme/presale" %}
