OG INDEX · Technical Paper
Version: 1.0 Date: 2026-04-23 Standard: ERC-20 (Ethereum Mainnet)
01 /sectionAbstract
OG INDEX is an ERC-20 token that acts as a decentralized "legends index" of the Ethereum memecoin ecosystem. A 3% buy fee and 5% sell fee accumulate in a protocol vault. Every 24 hours, the vault's balance is converted into a curated basket of OG Ethereum memecoins and pushed pro-rata to every holder who holds at least $200 worth of OG INDEX at the snapshot block. No wallet connection, no claim step, no signature required.
OG INDEX is deliberately meme-first, utility-second. It is not a DeFi blue-chip index. LINK / MKR / UNI / AAVE / CRV already have their own yield products. OG INDEX exposes holders to the cultural layer of Ethereum: the PEPE-tier assets whose value is narrative, community, and historical significance first.
02 /sectionWhat Holders Get
- Direct rewards, no action required. The basket arrives in your wallet every cycle. You never deposit, never claim, never connect.
- Curated exposure. Only true OG Ethereum memecoins. Originals of their era, no knock-offs, no forks, no rugs, no Solana/Base/BSC natives wrapped onto mainnet.
- Fixed 24-hour cadence. Every cycle runs on a predictable clock. No surprises.
- Verifiable eligibility. Your eligibility is pure on-chain math (balance × price). Anyone can check it, at any block, without trusting us.
- No hidden levers. We cannot change fee rates, mint new supply, freeze balances, or blacklist wallets. Those capabilities do not exist in the bytecode. Ownership is renounced once the protocol is stable.
03 /sectionToken Parameters
| Parameter | Value |
|---|---|
| Name | OG INDEX |
| Symbol | OG |
| Standard | ERC-20 |
| Decimals | 18 |
| Total Supply | Fixed, non-mintable |
| Buy Fee | 3.00% |
| Sell Fee | 5.00% |
| Wallet-to-Wallet | 0.00% |
| Max Fee Ceiling | Hard-capped at 5% in bytecode |
| Ownership | Renounceable post-setup |
The fee ceiling is enforced as an immutable constant. No future owner, not even the deployer, can raise fees beyond this.
04 /sectionHow It Works
Every 24 hours, the protocol turns the trading fees it collected over the previous window into the OG memecoin basket and pushes that basket out to every eligible holder.
Collection. Each buy or sell on a recognized AMM pair triggers the fee (3% or 5%). Collected fees are converted to WETH and forwarded to a protocol vault.
Distribution. On the 24-hour tick, the vault's WETH is swapped into the active basket and pushed pro-rata to every eligible holder. Holders take no action.
05 /sectionEligibility
A wallet is eligible for a distribution cycle if its OG INDEX balance, valued in USD at the snapshot block, is at least $200.
USD value is derived from the canonical OG INDEX / WETH pool (TWAP, not spot) combined with a Chainlink ETH/USD reference. The snapshot block is fixed per cycle and committed on-chain. Once frozen, the eligible set cannot be altered. Anyone can reproduce the check by querying public RPC.
06 /sectionSecurity
Immutable core. The contract bytecode is verified on Etherscan. Fee rates, the distribution schedule, and the eligibility threshold are frozen at deploy time and cannot be raised. Ownership is renounceable once the protocol is stable. Initial liquidity on the token's AMM pair is locked at launch.
07 /sectionGlossary
- OG INDEX / OG500. The protocol token. On-chain symbol is
OG; the UI and community refer to it as OG500. All three names refer to the same ERC-20 contract. - OG Asset. An ERC-20 memecoin whose genesis is on Ethereum, culturally significant to its era, selected for the basket. Not a DeFi blue-chip, not a wrapped cross-chain meme, not a rug.
- Cycle. The 24-hour window after which the basket is bought and distributed.
- Snapshot. The block at which holder balances are frozen for a cycle.
- Eligible Holder. A wallet holding ≥ $200 USD worth of OG500 at snapshot time.