OXB: Locking in Security with LOCKNESS

4 min readJan 14, 2022

TL;DR

To buy Lockness, a P2P Escrow gateway provider:
1. Stake OXB before 15th January 2022, 0001 UTC.
2. head over to the BSC pool page to buy on the 16th January 2022, 1630UTC onwards.
For full details, read on:

Resources

Website : https://lockness.io/
Twitter : https://twitter.com/lockness_bsc
Telegram: https://t.me/LocknessOfficial
Telegram(announcement): https://t.me/locknessanouncement
Medium: https://medium.com/@Lockness

As the popularity of crypto increases and block chain currency reigns in power, scams and fraudsters roam the network, increasing by a staggering 1000% within a one year span. As cryptocurrency begins to mature from infancy; measures must be taken in order to protect the end user in the most important sector known to the network, Transactions. The fully DOXXED team behind Lockness created The Lockness Escrow System with hopes to improve the trust system that currently exists and drive the unwanted attention back into the depths.

The Team believes that the platform will present an innovative gateway for crypto payments all around the world. Through harnessing the power of smart contracts, Lockness will be capable of creating custom escrow payment solutions through developing secure smart contracts for every transaction made. As a result of all this, we intend to significantly reduce the rate of scams and fraud spreading through the crypto space; as well as mitigating a connection between businesses of the real world with consumers within the block chain ecosystem. Alas, maintaining the growth and safety of the community as whole.

How does it work?

Essentially speaking, a Lockness transaction starts from the Buyer. A simple crypto transaction is created which will immediately generate a smart contract; tailor made to the nature of the transaction. As the funds are withheld and secured within the Lockness holdings; the buyer at this time has the opportunity to view his service or item received; before approving it and allowing funds to finally pass through to the seller.

For further details on the project, read the whitepaper here.
To read the team’s Basic Rundown article, read the Medium here.

Utility and Tokenomics

The native token $LKN will have utilities including:

the ability to claim discounted fees upon the seller
the ability to reward buyers with a percentage reflection of each transaction
the ability to utilise $LKN as a form or medium of accepted currency
Integration within our transaction based liquidity pool

with future plans for:

Staking
NFC payments
Wallet utility

Total $LKN Supply: 1,000,000,000

Seed: 8%, 5% to be released during Token Generation, followed by a 3 months lock and subsequent monthly linear release over 9 months
Private: 14%, 10% to be released during Token Generation, followed by 1 month lock and subsequent monthly linear release over 9 months
Public: 4%, 30% to be released during Token Generation, followed by 1 month lock and subsequent monthly linear release over 3 months
Ecosystem Growth: 10%, 10% to be released during Token Generation, followed by linear release over 9 months
Staking rewards: 13%, Locked for 1 month, followed by 3 months Linear release
Liquidity: 7%, Locked for 6 months
Marketing: 5%, Locked for 1 month, followed by 3 months Linear release
Partnerships: 12%, Locked for 1 month, followed by 12 months Linear release
Team: 10%, Locked for 12 months, followed by 12 months Linear Vesting
Advisors: 7%, Locked for 3 months, followed by 12 months Linear Vesting
Treasury: 10%, Locked for 3 month, followed by 12 months Linear release

IDO Price: $0.015
Listing Price: $0.015
Listing date is currently being planned on the 18th January 2022, at approximately 0800 UTC with an estimated initial Market Cap of $150,000

Participating in the IDO

To find out more about how to participate in the IDO on the day itself, read here. Using the Smart Staking approach to Oxbull.Tech’s IDO model, The IDO details as follows:

Tier-1 and 2 Qualifying Deadline: Hold OXB by 15th January, 0001UTC
Tier-1 Contribution: 16th January 2022
Tier-2 and 3 Contribution: 17th January 2022
Tier-3 Gleam Link: https://gleam.io/kCNlY/oxb-whitelist-for-lockness
Contribution opens here:https://www.oxbull.tech/#/presale

IMPORTANT NOTES: Qualification of Tier-1 and 2 will require ENROLLING SMART STAKING. In the event where an Investor who has not enrolled in Smart Staking but has the required number of holdings SHALL NOT be eligible for the aforementioned tiers.

Smart Staked holdings are required to be maintained adequately until project listing. Any dips below the required holding amount will DISQUALIFY the investor for the project being launched at the time even if the investor has already contributed. No IDO Tokens will be provided and No Refunds will be made.

Each qualified address will only be eligible for ONE transaction. Meaning if an address is qualified for tier 1, they will not be qualified for tier 2.

Disclaimer

Our content is intended to be used as information and education purposes only. It is very essential to do your own research and analysis before doing any investment decision or otherwise. Do Your Own Research.
Information is accurate at time of writing and can be subject to change.
Oxbull.Tech shall not be liable, whether in contract, tort (including negligence) or otherwise, in respect of any damages and/or expenses and/or any losses you may suffer arising out of such information or any reliance you may place upon such information.
Any further arrangements between you and any third parties contacted via the Website/Affiliated links are at your sole risk.