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Henlo, and furthermore, ooga booga! If you took part in the Henlo Crews campaign and claimed points, this article is for you. You may have noticed that the Henlo Airdrop checker is showing you're eligible for oHenlo instead of pure Henlo. So, what's the difference?
oHenlo is a call option for Henlo. In simple terms, a call option is an option to buy an asset at an agreed price on or before a particular date.
So, oHenlo gives you a right to buy an equal amount of Henlo at a fixed price of $0.00005175 per 1 Henlo within 6.9 days. For example, if you're eligible for 200,000 oHenlo, you need to pay around $10.35 worth of BERA (Berachain's native token) in order to exercise your option and receive 200,000 Henlo.
The Henlo and oHenlo airdrop claim is going to open on the 3rd of March, right after the Henlo token generation event on Kodiak. In order to exercise your oHenlo, you're going to need some $BERA. The actual amount of $BERA needed will be calculated on the launch day using the $0.00005175 per 1 Henlo price.A presale occurs before the token starts trading. Therefore, when you participate in a presale, you take on risk of loss if the token price falls below your purchase price. For oHenlo call options, you're not taking any risks. Since you will have a whole week to exercise your options, you can make sure Henlo is trading above the $0.00005175 level ($5.175m FDV) and exercise only when you're sure that the market price of the Henlo you'll receive is higher than the amount you need to pay to exercise the option.
Presale is happening before the token starts trading. Therefore, when you take part in a presale, you take risk of loss in case the token price falls below your purchase price. In case of oHenlo call options, you're not taking any risks. As far as you're going to have a whole week to exercise your options, you can make sure Henlo is trading above the $0.00005175 level ($5.175m FDV) and exercise only when you're sure that the market price of Henlo you'll receive is higher than the amount you need to pay to exercise the option.
Henlo is designed to be not just a memecoin, but also a gateway into Berachain. Anyone who has held THJ assets, OG Beras, or participated in any of the Henlo launch campaigns that involved money are eligible to claim regular Henlo. However, we also want to invite people to explore the ecosystem and we believe the best way to get interested in Berachain is to have some skin in the game. Henlo is a universal greeting and friendly invitation for everyone, no matter where you come from.
The $5.175m FDV at which oHenlo is exercisable is a quite symbolic capitalization. It's 25% below the Henlo TGE price ($6.9m FDV) and almost 3 times smaller than the FDV that Henlo investors entered at ($15m FDV). You can learn a bit of the lore in the Henlo 6.9 Manifesto
Redemption price: $0.00005175 per 1 HENLO
Implied FDV: $5,175,000 (25% below TGE)
Claim start: March, 3rd
Exercise Duration: 6.9 days
Expiry: March, 10th
Airdrop Checker: https://checker.henlo.com
Website: https://www.henlo.com/
X: https://x.com/henlo
Telegram: https://t.me/henlodotcom
The Honey Jar: https://x.com/0xhoneyjar
The Honey Jar Discord: https://discord.gg/thehoneyjar
henlo mibera ooga booga