OXS: Vibing with VYBIT
To Buy Vybit, a social media app that rewards users and creators with Vibes for the value they generate
1. Stake OXS into the Staking pool.
2. head over to the OXS pool page to contribute on the 13th February 2022, 1630UTC onwards.
For full details, read on:
Crypto users have increased exponentially from 2019 to 2021. Whilst the majority of users are aged between 19 to 36 years-old. They happen to also be users who send spend a lot of their time on social media. With Vybit’s vision, the incorporation of blockchain technology can not only help with the freedom of content creation, but also bring about value to the users of the social media platforms and its governance of the platform. At present stage, only celebrity influencers can substantially benefit from their social media presence but this can potentially change when backed by blockchain, where a project like Vybit is able to share the value that users create equitably and democratic governance with the whole community.
On average, users spend 144 minutes a day on social media. Traditional social media companies make billions from our usage and attention. It’s time for the creators and consumers to get value back.
At Vybit, the team views user content and interaction as value. For every “like” the users receive, for every video the user creates, the user will earn rewards for posting compelling content and interacting with the community to create the overall most inclusive experience for all the users. Vybit aims to be the very next short video social media platform giant that rewards users based on their engagement.
For more details about the project, learn more here.
Utility and Tokenomics
Users are given Vibes daily to interact with the community based on their Impact Score. Every time the user interacts with a creator’s content by pressing the Vibe (ie. Like) button, Vibes are sent. Users also get Vibes when other users like their videos. Accumulated Vibes can then be redeemed for $VI (The Vybit token), the native cryptocurrency of the ecosystem.
Apart from that, $VI can be used to promote and feature contents at the top of everyone’s feed on the Vybit app.
Vybit redistributes 70% of all its advertising revenue back to $VI holders via its deflationary tokenomics, where the revenue is used to purchase $VI tokens and remove them from circulation.
Total $VI Supply: 77,777,777 (Maximum supply of 888,888,888 released over 100 years at a fixed inflation rate of 10%)
- Treasury + Liquidity: 18.2%
- Circulating Supply( ERC-20 Circulating supply (swapped to SOL via Liquid Token swap)): 32.9%
- Management Team: 3.9%, Locked for 18 months
- Core and Development Team: 5.8%, Locked for 12 months
- Advisors: 3.2%, Locked for 12 months
- Marketing: 2.6%
- Private Backers: 12.9%, Locked for 9 months, followed by 6 months vesting
- Private Round: 2.6%, Locked for 9 months
- IDO/Community Sales: 18%, 25% to be released during Token Generation, followed by monthly linear release over 5 months.
IDO Price: $0.045
Listing Price: $0.045
Listing is currently scheduled to be on the 15th February 2022, at approximately 1200UTC
To participate in IDO, you need to stake OXS into the Staking Pool. Tier participation details are as follows:
Tier-1 and 2 Qualifying Deadline: Stake by 13th February 2022, 0001UTC
Tier-1 Contribution: 13th February 2022
Tier-2 and 3 Contribution: 14th February 2022
Tier-3 Gleam Link: https://gleam.io/PnXKC/oxs-whitelist-vybit
Contribution opens here:https://www.oxbull.tech/#/solana-pool
IMPORTANT NOTES: Qualification of Tier-1 and 2 will require STAKING. In the event where an Investor who has not Staked but has the required number of holdings SHALL NOT be eligible for the aforementioned tiers.
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.
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