OXB: Luxury Never Goes Out of Style, Authenticity Never Fades with JIGEN: IDO + PRIVATE [KYC Required for Tier-1 and Tier-2]

6 min readJan 6, 2022

TL;DR

To Buy Jigen, a Real World Asset-backed NFT gateway for Fashion and Luxury Items.
1. For IDO: Hold OXB before 16th January 2022, 0001 UTC. Smart-Staking to be auto-enrolled. Private Tier to be released to all existing OXB Tier-1 qualifiers.
2. Conduct KYC
3. head over to the BSC pool page to contribute on the 18th January 2022, 1630UTC onwards.
For full details, read on:

Resources

Website: https://jigen.app/
Twitter: https://twitter.com/jigenapp
News: https://t.me/jigenapp_announcements
Telegram : https://t.me/jigenapp
Medium : https://medium.com/@jigenapp

Currently, it is estimated that there are $4.5 trillion worth of fake items in circulation, with approximately $30 billion worth of sales to counterfeits alone as per Global Brand Counterfeiting Report1! With the use of blockchain technology, it is an important ally against counterfeiting.

How? Being able to verify the inputs and outputs of a product in real time provides the fashion and luxury goods industries with a new approach to prove authenticity and uniqueness, thanks to the nature of blockchain itself and can be further integrated thanks to the use of non-fungible tokens (NFTs). With NFTs it is possible to demonstrate that luxury items are unique when recorded on a distributed ledger, associating a barcode, for example, with the physical product. In this way it is possible to digitize and track the entire cycle of an item, putting an end to counterfeiting. With the support of NFTs tied to physical assets, a wide range of applications can be developed for DeFi, while allowing you to bring your wearables into the metaverse, generating a unique economy for the luxury goods industry. As users personalize their avatars in the virtual world and give their characters unique attributes with their wearables backed by NFTs, the market exposure of brands will be greater, as we have seen with Gucci in Roblox this year for example.

Enter Jigen

Jigen aims to be the first NFT gateway for Fashion and Luxury items in the metaverse and gaming ecosystem.

Focusing on three main aspects:
- Building its own brand
- Exclusive NFT drops through Jigen’s very own launchpad, and
- Custom NFT works for companies and projects.

Jigen seeks to be the solution provider brands through the use of blockchain technology such as counterfeiting, but through less technical inputs for the newer users of the industry, such as NFTs. With Real world asset-backed NFTs which will allow users to redeem the actual physical asset at a point in time or hold the NFT for investment purposes.

In short, Jigen NFTs are digital certificates serving as proof of authenticity and Ownership is guaranteed by the blockchain itself.

For more info on the project, view the Litepaper here.

Tokenomics and Utility

$JIG is the governance and value accrual token for the entire Jigen platform, with hopes to empowers the community in three ways:

Exclusive Access to NFTs and Privileges within the platform
Staking
Governance

$JIG will be deflationary in the long-term. As 60% of all fees collected from each NFT trade on the secondary market will be used for $JIG buybacks and burns. The other 40% of revenues will expand the Treasury to promote future ecosystem development.

Total $JIG Supply: 100,000,000

Team: 10%, Locked for 6 months followed by a monthly linear release over 18 months
Advisors: 5%, Locked for 3 months followed by a monthly linear release over 12 months
Treasury: 12%, Release linearly over 18 months
Development and Marketing: 16%, Release linearly over 24 months
Staking and Community Initiatives: 15%, Release linearly over 36 months
Seed: 6%, 5% to be released during Token Generation, followed by 1 month lock and linear release over 12 months
Private: 22%, 7.5% to be released during Token Generation, followed by 1 month lock and linear release over 9 months
Public: 4%, 20% to be released during Token Generation, followed by 1 month lock and linear release over 5 months
Liquidity: 10%

IDO price: $0.09
Listing price: $0.09
Listing to be scheduled a few days after IDO, with initial Market Cap to be approximately $447,500.

Participants of the Jigen IDO are REQUIRED to conduct KYC.

How to KYC?

Step 1: Visit: https://profile.oxbull.tech/profile

Step 2: Register an account

Step 3: Connect your socials and Blockpass
(If you’re currently Tier-1 and 2 qualified, your Blockpass window should allow you to connect. if it shows “Not Whitelisted”, simply disconnect your wallet, refresh and reconnect your wallet.)

Step 4: and you’re done!

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 16th January, 0001UTC
Tier-1 Contribution: 18th January 2022
Tier-2 and 3 Contribution: 19th January 2022
Tier-3 Gleam Link: https://gleam.io/UZbKI/oxb-whitelist-jigen
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.
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