0xDAO (OXD) Token What is it, how to buy and price?
In this article, we will discuss information about the 0xDAO project and the OXD token. What is 0xDAO (OXD)? What is the 0xDAO token? What is the OXD token?
Since then, Fantom has seen increased interest from protocols looking to launch or migrate to Fantom. While this has been a net benefit to the
, a new phenomenon has begun to emerge, one that seeks to bootstrap purpose-built, capital-intensive DAOs for incredibly short periods of time, specifically, the veDAO .
While there is nothing wrong with purpose-driven DAO startup, it directly and indirectly exposes our home builders and community members to the dangers of short-term cash thefts by unknown teams with unknown sponsors, exposing users to high-risk systems and potentially malicious actors.
The premise of 0xDAO
to combat the emergence of short-term veDAOs designed to steal liquidity from dedicated Fantom builders. We believe that their greedy short-term value propositions are dangerous to our network growth and would like to present a community-focused alternative with a coalition of proven developers and achievable long-term goals.
it is being launched by founders of some of the most successful projects in Fantom, and is designed to capture long-term value for the entire Fantom ecosystem.
the components of
are summarized below:
- Token distribution model
Fair release, no pre-mining, 0% shared development
2. Decentralized Treasury Management
The team has decided not to generate initial liquidity for OXD; but instead to publicly initiate the liquidity of zero . This means that, at the time of launch, there will be significant volatility in the price of the token and will be prone to significant price movements. Inexperienced users should not attempt to swap the token at launch time.
Merienda trading begins, the proceeds raised from the five (3.3) issue-based vote will be redistributed between the treasury and stakeholders. The OXD utility will serve as a liquid voting proxy for
SolidSwap Protocol , assuming
you can make it to the Top 20 and receive an NFT with voting power. OXD holders will be able to bet and then vote on how the voting power should be used, i.e. which pairs to incentivize.
OXD holders will be able to vote on how the treasury is allocated, including (but not limited to) the purchase of other tokens from the ecosystem through a classic pegging mechanism used by Olympus Dao. We anticipate that as more voting power is acquired by
through their treasury: other protocols will be willing to incentivize liquidity with ve(3,3) and will seek to bribe 0xDAO participants (i.e. OXD holders). Plus,
decentralized treasury management; potential for profit capture through various means of income generation, could serve to grow
holdings of ve(3,3) over time.
The objective of
is to provide a fully decentralized infrastructure, maximizing profits, caudal efficiency, and voting power for
, creating a free market for established protocols on Fantom seeking to increase liquidity.
The model can be summarized below:
treasury management plan
3. Tokenomics and launch stats
- a total supply of 2 billion;
- emissions of 1000 OXD/second;
- full supply of OXD is issued in 23 days from launch; Y
- target release date/time: Friday, January 21, 2022 approx. 15:00 (EST).
At launch time, users will be able to participate in a fair launch via an ‘Initial Participation Offer’ or ‘ISO’ that will last for 1 hour. The participation groups available at launch will be:
The cattle treatment
Keep in mind: the OXD-USDC group it will open 1 hour after launch (ie when the ISO is complete).
Merienda the total offer has been reached, the income will be generated solely from the assets that the
it will capitalize on its early acquisition and accumulation of ve(3,3) tokens to generate revenue through captured fees and bribes from other protocols.
The decision-making function of 0xDAO will rest with the community, 100%. “ OXD ” will serve as the protocol’s utility token, allowing holders to participate in on-chain voting.
OXD holders will be able to participate in decision-making, including the sale of the ve(3,3) airdrop and the distribution of funds to OXD holders.
Multisignature wallet address: 0xa96D2F0978E317e7a97aDFf7b5A76F4600916021
Masterchef (not implemented yet), but the code cojín is available here: https://github.com/0xDAO-Protocol/farm
Token contract: 0xc165d941481e68696f43EE6E99BFB2B23E0E3114
Group 2: 0xD5fa400a24EB2EA55BC5Bd29c989E70fbC626FfF
xSCREAM : 0xe3D17C7e840ec140a7A51ACA351a482231760824
Disclaimer / Health Warning
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has no obligation to inform you of any liability or violation of laws or regulations that may arise in connection with your access to and use of the Platform and that we are not responsible in any respect for your failure to comply with applicable laws or regulations. regulations (as applicable).
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How to buy 0xDAO (OXD) Token?
At the moment 0xDAO (OXD) Token can only be purchased at MEXC Completo, so we will leave you the tutorial on how to buy it.
The first of all will be to be registered, so we leave you the link below:
REGISTRATION IN MEXC GLOBAL
First step to buy 0xDAO (OXD) Token : Buy USDT
Here we can do two things, we can transfer USDT from another Exchange, such as Binance or Gate, to give examples; or directly buy USDT in Mexc Completo and that we will explain in this tutorial.
- To buy USDT or another asset to exchange for LUNR token, we have to go to «Trade»-«Credit or debit card» or if you have the platform in English «Trade»-«Credit Card».
- Then another screen will appear where we will have to select the currency with which we want to buy and the asset we want to buy, in our case it will be EUR and USDT.
- We follow the steps that they indicate, we put our card and we buy.
Second step to buy 0xDAO (OXD) Token: Exchange OXD for USDT
Now what we have to do is go to «Trade»-«SPOT» and click on it, as I show you in the following image.
Now we will jump to another page in which on the right we will have a search box in which we will search for “OXD” and select the PAIR “OXD/USDT” and click on it.
Now we will get the following screen where we will have to put the amount of USDT that we are going to exchange for 0xDAO (OXD) Token and that’s it.