Can the ticket be supported?
Check spot depth against a $3m requirement for this $1m position. Review the perpetual market separately for available open interest and the capacity to maintain an equal-size hedge.
LiquidityBack to OXMB Inside a
Inside a
$1m deal.
A worked example of the economics and assessment behind a token-treasury transaction.
Start with
the economics.
The example uses a $1.00 reference token price and a 30% discount. The discount determines the purchase price and token allocation.
The reference price is an input to this structure. It is not an assumed exit price.
Purchase calculation
- Capital requirement
- $1,000,000
- Reference token price
- $1.00
- Discount
- 30%
- Purchase price / token
- $0.70
- Token allocation
- 1,428,571.43
- Agency fee, 2–4%
- $20,000–$40,000
$1,000,000 ÷ $0.70 = 1,428,571.43 tokens
Agency economics are shown separately from the purchase amount. Final token precision and fee treatment belong in the agreed term sheet.
Then test
the assumptions.
A price does not establish that a deal is viable. The assessment turns each commercial assumption into a question supported by evidence.
See all six screening gatesWho releases tokens during the vest?
Map the issuer’s unlock schedule and prior allocations against the agreed vest. Unlock overhang above $2m within that window crosses the standard decline threshold for this example.
SupplyWhat is already committed?
Reconcile earlier discounted paper, treasury commitments, entity records and founder history. Record unresolved evidence before advancing a term sheet.
CounterpartyAgree the release
and the responsibilities.
The cliff and linear release are negotiated with the discount and hedge. A 1:1 perpetual hedge addresses price exposure; the assessment still has to account for counterparty survival.
Locked cliff
The allocation stays locked.
Progressive release
Tokens release linearly.
The handoff, on paper.
- Issuer
- Confirms the token allocation, prior commitments and release schedule. Publishes the actual discount and vest.
- Buyer
- Agrees the purchase, hedge and settlement conditions in the transaction documents.
- OXMB
- Arranges the transaction, coordinates the commercial terms and defines the agency fee.
- Independent escrow
- Holds and releases assets under the counterparties’ agreed instructions and appointed arrangement.
Start with your position.
Token contract. Capital requirement. Proposed vest. Purpose of the raise.