Oxbull.Tech: Spicing Things Up with Smart Staking and the new IDO Approach
Following our earlier post on changes in Oxbull’s staking (Read here), the time has come for the implementation of Smart Staking.
What is Smart Staking?
If you’re not aware by now, OXB has been the utility token in the Oxbull ecosystem. Being a Reflection Token, OXB holders earn passive rewards through the redistribution of 2% fees across all transactions within the ecosystem. On the other hand, staking OXB enables you to participate in projects being launched on the launchpad. After 9 successful IDOs, and listening to the community, the team has noted that communities are conflicted at times whether to stake and earn APY, or hold in the wallet and enjoy the reflection rewards. Hence we thought to ourselves:
Why not both?
Hence the idea for Smart Staking, where OXB users need to only hold OXB in their wallets to be qualified for IDOs while earning the reflection rewards.
There shall no longer be staking rewards, further increasing the scarcity of tokens.
Where do we go from here?
As earlier planned, staking would be ending after the current planned IDO, on the 2nd of May 2021. Smart Staking would be released concurrently, all users would just need to unstake their current OXB/OXB , OXB/SCB and OXB/BNB LP starting from 0000UTC, 3rd May 2021.. and that’s pretty much it. (Users staked into the TimeLock farm would’ve have their funds available to unstake by the 8th May 2021)
On the 8th May 2021, the aforementioned 3 farms would be decomissioned, whilst the TimeLock Farm shall continue to be in operation for late investors wanting to participate into the IDOs. Subsequently, the Oxbull team would then remove original liquidity from PancakeSwap, followed by migrating and locking liquidity into OXB/BUSD on PancakeSwap V2.
The Oxbull team shall also be prioritizing Microcap, Value adding, quality and credible Blockchain projects:
How to Smart Stake
With the introduction of Smart Staking, investors would only need to engage in Smart Staking with a simple click of a button via the Smart Stake link and ensure that the minimum required value is always maintained before the IDO launch.
The New IDO Approach
Tiers shall be revised accordingly in the following:
Tier-1: Guaranteed High Allocation
For a High allocation (Approximately 85% of the max capital being raised in general) and a Guaranteed participation of the IDO token, investors would be required to be:
- Holding via Smart Stake 8,000 OXB tokens
- Holding via Smart Stake 4,000 OXB/BUSD LP
for at least 5 days before the project launch. Please be reminded that ENABLING SMART STAKING is a must.
Qualified Investors will have a pre-allocated time of 9 hours to contribute to the pre-sale pool.
Tier-2: Guaranteed Medium Allocation
For a Medium allocation (Approximately 10% of the max capital being raised in general) of the IDO tokens, Investors who are keen to participate would be required to be:
- Holding via Smart Stake in between 1,000 OXB — 4,000 OXB 5 days before the IDO to be qualified. ENABLING SMART STAKING is a must.
- For Investors who were late and missed the staking deadline, the Time lock farm shall still be available up until the day before the project launch(0000UTC), where Investors will still be allowed to participate in the IDO, subject to the staked OXB funds being locked for 7 days. Investors in the Time Lock farm will not earn APY.
Qualified Investors will have a pre-allocated time of 30 minutes to contribute to the pre-sale pool.
Tier-3: Whitelisting program
For a Small allocation of the IDO tokens, interested Investors will need to hold(Not Smart Stake) a minimum of 50 OXB in their wallet and complete a Whitelisting form and requirements 1 day prior to the project launch to stand a chance to qualify for the IDO. Whitelisting qualification generally increases the more active investors are on TG and Twitter. However, please refer to the respective Whitelisting requirements accordingly for full details.
The Pre-sale pool shall be opened to the public after the allocated time for Tier 1 and Tier 2 investors end. Contributions are on a first come first serve(FCFS) basis.
Qualification of Tier-1 and 2 will require ENABLING 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.
Holdings are required to be maintained adequately prior to project launch. Any dips below the required holding amount will DISQUALIFY the investor for the project being launched at the time.
IDO models could be subject to change depending on the nature and requirements of each project. Specific details of Pre-sales would be further provided prior to the project being launched via Oxbull.Tech’s official telegram group and Medium.
See you at the moon!