Rounding up the Bulls: An Oxbull Recap (Sept- Oct)

4 min readOct 21, 2021

September has been the month for GameFi. Following the hype from Axie Infinity’s all-time NFT sales volume hitting over USD 2 billion in September, the meteoric rise in GameFi has attracted a massive influx of both investors and GameFi startups to further blur the lines between blockchain financing and gaming.

With the pandemic driven catalyst for the transformation of our daily lives and the need for physical social distancing, the general interest in decentralized gaming has extended to broader awareness, adoption and even brought about discussions about the “metaverse”, the next evolution of the net as we know it that aims to converge both the physical and virtual worlds together.

Much More IDOs!

The month September has seen the highest number of projects being launched! As at the date of writing, the team have released a whopping 17 projects! :

(for more info of the projects, click on the names)

Moving forward: New ideas and concepts.

With the high number of projects, we have also used the opportunity to reflect and identify areas for improvement. The team has took note that:

Even with the earlier bot prevention practice in place, some of the bots have still been known to take advantage of the buy/sell limits.
The blacklisting mechanism created undue stress and panic, which resulted in a much “less than ideal” environment and overall experience in the Telegram community.
The team chooses to thread the line carefully when it comes to token dumping. The team have noted that there are commonly pre-sale dumps which hurts legitimate projects immediately out of the gate.

With these observations, the team is also now looking to improve the user experience via:

A new approach to Bot Protections

Instead of relying on blacklisting and a rigorous approach to buying and selling cooldown times. The Oxbull team shall be shifting the approach to whitelisting instead.

In the current approach, the very first 2 minutes following the token generation will whitelist all Tier-1 and 2 qualifying addresses (regardless if it has contributed or not) to purchase a small amount of the listing token.

This is closely followed in the 3rd minute by whitelisting all Tier-1, 2 and 3 qualifying addresses (regardless if it has contributed or not) to purchase a small amount of the listing token with cool down.

After which, the tokens shall be fully opened to the public.

Having said that, the IDO shall also be accompanied by these additional rules:

For those who have purchased additional tokens in the first 3 minutes, they shall not be allowed to sell more than 20% of their additional tokens within the first 12 hours.
For those who have participated in the IDOs, they shall not be allowed to sell more than 50% of the initial released tokens within the first 12 hours

Failure to comply with the above 2 rules will result in that very address being banned from whitelisting for the subsequent 3 IDOs.

Please be advised that the team is continuously monitoring the approach and the details of the approach can be subject to change.

Celebrating long term support

The team is currently planning for exclusive Telegram groups for all loyal Tier-1,2 and 3 investors whom have joined consecutively in the previous 5 IDOs without dumping any OXB.

The exclusive Telegram group may be by invitation only, and the community of the groups will enjoy:

First hand information from the team and may also have access in selecting projects, testing out new features, and have access to all “surprises”.
Have a additional level of access to listing whitelisting. More info and details will be released.

Additional features

The team is also currently exploring and planning to introduce a money-back guarantee for qualified IDOs. More info and details to be released in due course.

In addition to that, Oxbull will introduce KOLs allocation to further push promotion and exposure of new projects while maintaining a certain level of vesting, ultimately create a win-win-win situation for the collaborators, the project and the ultimately, the community.

OXS staking and new tier structure

Following the previous recap, the team is also now pleased to announce that the new Staking Pool for OXS has been released on the 4th of October 2021 with 50% APR. To keep things more balanced with the additional APR, the OXS qualifying tiers have also been restructured:

Please be advised that each Staking transactions will carry a TIMELOCK of 10 days. As the current Mobile versions of Solana wallets aren’t very stable at the moment. Hence we strongly suggest using google chrome and Phantom Extension at this juncture and stake only using a PC.

As the saying goes:

To go fast, go Alone; but to go far, go Together.

with the aforementioned plans and changes, what we really hope is to promote sustainable and healthy growth for the projects. And with the community, let us continue to grow, to reflect and to improve.