Cryptocurrency is a type of digital currency. created using the same method as cryptography (the science of hiding information). Cryptocurrencies use ‘decentralized control’, meaning that they are not controlled by a single person or government.
The OAP uses a complex set of factors to support its price and the rebase rewards. It includes the Insurance Fund Valuation (IFV) which serves as an insurance fund to achieve price stability and long term sustainability of the OilZ Protocol by maintaining a consistent 0.02355% rebase rate paid to all OilZ token holders every 15 minutes.
This differs from ‘centralized’ electronic money and central banks. The control of each cryptocurrency works through a distributed ledger (a list of transactions shared by everyone), usually a blockchain, which functions as a database of public financial transactions. #Bitcoin, first released as open source software in 2009, is often referred to as the first decentralized cryptocurrency.
Since then, more than 5,000 cryptocurrencies (sometimes called ‘altcoins’, which is short for alternative coins) have been created.
$OILZ Token
OILZ is the native token which interest rebase rewards are paid. Every token holder automatically receives 0.0243% interest every 15 minutes just for holding $OILZ tokens in their own wallet!
OILZ Treasury
The treasury functions as additional financial support for the IFV in the event of an extreme price drop of the $OILZ token or unforeseen black swan event.
OAP gives the Oilz.Finance token automatic staking and compounding features, and the highest Fixed APY in the market at 498,249% for the first 12 months. Oilz.Finance is a company focused on DeFi innovation that creates benefits and value for Oilz.Finance token holders. Our OAP protocol that is used within the Oilz.Finance token grants exceptional benefits for holders of $OilZ:
It helps to establish a floor value for the $OILZ token. Oilz Treasury provides funding to the new OilZ.Finance products, projects, and marketing activities
The Defenders
Burns Token Supply to:
Prevent circulating supply getting out
Offset positive rebase interest printing
How It Works
3% of all $OILZ traded are burnt in The Defenders
The more that is traded, the more get put into the fire causing the fire pit to grow in size, larger and larger through self fulfilling Auto-Compounding, reducing the circulating supply and keeping the OilZ protocol stable
Treasury — Trading fees go directly to the treasury which supports the IFV and provides a marketing budget for OilZ and funds new product development.
The Defenders — 3% of all $OilZ traded are burnt in The Defenders. The more that is traded, the more get put into the fire causing the fire pit to grow in size, larger and larger through self fulfilling auto-compounding which in return acts to reduce the circulating supply of $OilZ and keeping the OilZ protocol stable.
Low Risk with the Oilz.Finance Insurance Fund Valuation (IFV) — 4% of all trading fees are stored in the Oilz.Finance Insurance Fund which helps sustain and back the staking rewards by maintaining price stability and greatly reducing downside risk.
Overview
Oilz.Finance provides a decentralized financial asset and platform which rewards users with a sustainable fixed compound interest model through use of it’s unique OAP protocol.
The Oilz Auto-Staking Protocol (OAP for short) is a new financial protocol that makes staking more easier, more efficient and awards $OilZ token holders the highest stable returns in crypto.
The Defenders
Burns Token Supply to:
Prevent circulating supply getting out of hand and becoming unmanageable.
Offset positive rebase interest printing.
OILZ Insurance Fund Valuation (IFV)
4% of all trading fees are stored in the Oilz.Finance Insurance Fund which helps sustain and back the staking rewards by maintaining price stability and greatly reducing downside risk
The Defenders
3% of all $OILZ traded are burnt in The Defenders.
The more that is traded, the more get put into the fire causing the fire pit to grow in size, larger and larger through self fulfilling Auto-Compounding, reducing the circulating supply and keeping the OilZ protocol stable
How It Works
3% of all $OILZ traded are burnt in The Defenders
The more that is traded, the more get put into the fire causing the fire pit to grow in size, larger and larger through self fulfilling Auto-Compounding, reducing the circulating supply and keeping the OilZ protocol stable
For more information
- ➤ Website: https://oilz.finance/
- ➤ Telegram chanel : https://t.me/OilZFinanceAnn
- ➤ Telegram bounty Group : https://t.me/OilZFinanceChat
- ➤ Twitter: https://twitter.com/OilzFinanc
- ➤ Discord: https://discord.gg/v3PQUtyNsf
- ➤ Reddit: https://www.reddit.com/user/OilZFinance
AUTHOR
Forum Username: kentutbae
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=1771007
Telegram Username: @kentutbae
BEP-20 Wallet : 0x58293Ae3413aC8E8b1071d5bEEED245b132f9457
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