8. Regulatory Compliance & VARA Disclosures
This section provides mandatory disclosures required under Part III of the VARA VA Issuance Rulebook (2024) for virtual asset projects intending to operate in Dubai. OSHIKA is committed to operating transparently and responsibly under all applicable regulations.
1. Token Features & Rights
$OSHIKA is a utility token representing virtual ownership rights over AIICO vending machines operated across Japan. Key features include:
Staking & Tier Access: Unlocks virtual ownership status and tiered benefits (e.g. 推し広告 publishing, machine location voting).
Revenue Participation: Stakers earn a share of real-world vending machine revenue, based on holding tier.
Governance: Token holders vote on vending machine placement, campaign selection, and creator curation.
Ad Publishing Rights: Token holders may publish fan-sponsored ads (推し広告) on vending machines via the OSHIKA dApp.
No equity, debt, or profit-sharing rights are implied beyond platform-based reward mechanics.
2. Token Supply & Issuance Schedule
Token Symbol: $OSHIKA
Total Supply: 10,000,000,000
Token Standard: ERC-20 (Soneium, Flow, or EVM-compatible chain)
Distribution Events:
Private Sale: $0.50–$0.60 USD per token
Public Sale: $0.67 USD per token
Vesting:
Category
Vesting Model
Private Sale
3-month cliff + 18-month linear unlock
Public Sale
1-month cliff + 24-month unlock
Team
12-month cliff + 36-month linear unlock
Ecosystem/Partners
12-month cliff + 36-month linear unlock
Airdrops
18-month linear unlock
Marketing, PR
3-month cliff + 18-month linear unlock
Staking Rewards
Daily distribution over 21 months
3. Use of Proceeds
Funds raised through the token sale will be allocated as follows:
Category
Allocation
Purpose
Hardware
60%
AIICO vending machine procurement, installation, maintenance
IP Acquisition
20%
Licensing creator, anime, and VTuber IP to support campaigns
Marketing
20%
Community growth, creator campaigns, push media spend
Development
10%
Platform upgrades, staking/claim infrastructure, dashboards
Reserves
10%
Buffer for risk and volatility
All proceeds are managed under the OSHIKA treasury.
4. Technical & Audit Details
Smart Contracts: ERC-20 token, ERC-721-based NFTs, vesting contracts, staking pool contracts
Blockchain: Soneium, Flow (EVM-compatible), chosen for scalability and low gas costs
Audit Status: tbd
Open-Source Availability: Code will be published to [GitHub or explorer] upon audit finalization.
5. VARA Regulatory Intent
OSHIKA intends to operate under Category 2 of the VARA Virtual Assets framework.
The OSHIKA token is not classified as a security under current UAE guidance.
OSHIKA will pursue licensing and/or registration with the Dubai VARA regulator prior to any UAE-based token offering or sale.
Participation in token events will be limited to eligible jurisdictions in accordance with applicable laws.
6. Environmental Consideration
OSHIKA leverages energy-efficient, proof-of-stake networks with no direct mining infrastructure. The project prioritizes environmental sustainability by:
Avoiding unnecessary on-chain transactions
Consolidating minting and reward distribution
Promoting carbon-light, real-world activations only when needed
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