OFEOfero
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Ofero Network (launched in 2021) is a tokenization platform based on the PoTT protocol (Proof of Trust and Transparency), built on the MultiversX blockchain (previously Elrond). Its goal is to use the power and innovation of its technological products and services to create a synergy between real-world and crypto assets. On the 1st of February 2023, Ofero Network will launch a new product called The Aegis which will have several features enabled for its holders. Also, on the 7th of April 2023, $OFE will launch on Binance Blockchain (BNB Chain). Ofero Network plans to have all the crypto perks in a stock market-like ecosystem, serving as a token for real estate, one for a stone quarry, one for energy, one for advertising, and so on. Ofero Network's goals for the next 5 years are 1mil address and a 1 billion dollar market.
Background
Ofero was invented in 2006 when the first marketing platform was launched and is now working on the blockchain ofero.ro. It is a website that enables business-to-business socializing and deals, it serves as a Google for businesses in Romania and works only in Romania, it has over 7,826 companies using the platform to advertise, and in order for them to advertise they have to purchase the platform token to pay for advertising and also get some benefit in the crypto space. Ofero is a name that came from the Romanian word '' To Offer Something''.
Overview
As a proof of trust and transparency platform, the project aims to encourage full transparency on financial reports, transactions, team wallets, project wallets, and relevant decision-making processes. The team behind the crypto-assets platform delivered compelling use cases for its technology, and the project received its first real-world funding a few months after its listing. OFE is used to assist companies in raising funds from blockchain communities and crypto venture capital entities and generate passive income for retail or institutional investors. Ofero was established in 2021. The listing on xExchange took place on April 7, 2022.
During its first year of activity, the project established the technological infrastructure required to achieve its genesis goal. The launch of a DEX (ofero.exchange) with an innovative sight-staking architecture was a turning point, and adoption pushed the OFE to the top of the MultiversX blockchain. A customized KYC private platform built on the principles of trust and transparency ensures the stability and security of the holders' financial investments. The combination of Defi and tokenized assets propels OFE to the top of the list of the MultiversX blockchain.
Tools
Ofero Market
Ofero market is a new tool dedicated to the NFTs of the ofero network ecosystem. It is a place where the Ofero Community members can explore, buy, and soon, trade NFTs. The start is the Ofero Sports project, which launches the first NFT.
Ofero.Exchange (OFE DEX)
The Ofero Exchange is a decentralized exchange (DEX) built on the MultiversX blockchain to enable users to have access to the $OFE token and other supported coins. It is a fast, simple, and safe decentralized exchange. It also allows $OFE holders to view their staking in real-time. The core utility of the OFE DEX is the staking architecture.
The Ofero DEX is considered to be the fastest DEX in the world according to pagespeed.web.dev.
Ofero Launchpad
Ofero Network also offers a token launch platform that assists block page speedups in raising funds for new projects. The first Ofero Launchpad event will take place with the Evoload project, most likely at the beginning of March 2023. It is an easy project to launch for Ofero Network due to its already formed community of holders. For $OFE this brings a new utility since EVLD will go public on OFE DEX.
Other projects
Quarry
As a first step in this domain, Ofero Network has recently acquired a Stone Quarry worth over 1.000.000 USD in Romania. Located in the middle of the country, more precisely near Colun, Sibiu, the Quarry tokenization process will be completed in Q4. The process will be managed by ASH Ventures.
Green Energy
With an investment of about 1.000.000 USD, Ofero Network will start a green energy tokenization project in Romania. The solar panels were already acquired, and we are now in the process of authorization. The entire process of tokenization will be managed by hatOFF Ventures.
Ofero.Ro
Elrond Blockchain-powered marketing search engine. In the coming years, Ofero.ro will be the portal for onboarding over 50.000 Romanian companies on the blockchain. Each business owner that will advertise on the ofero.ro portal will receive a reward of 20% of the invested amount, in OFE tokens. ~40% of the investment will be later added to liquidity in order to increase the stability of the OFE token.
Ofero Events
The events platform that integrates blockchain technology based on ticketing.
$OFE token
The $OFE token is the native cryptocurrency of the Ofero network, built on the MultiversX POS (Proof of Stake) Blockchain and listed on xexchange.com and on Ofero.Exchange. $OFE is to be considered an index (such as S&P) of businesses based both on fiat (real-life businesses) and on crypto assets (businesses that generate tokens as payment (fees)
Ofero Token Distribution
The OFE Token will have a total supply of 450.000.000.
Its distribution is done on a pro-rata basis, as follows:
9% - Team
16% - ASH Ventures
16% - hatOFF Ventures
26% - Circulating Supply + Exchange
11% - for Farming & Staking
7% - to Romanian Business owners registered on ofero.ro
5% - for Education and Marketing
10% - Reserved for World Wide Adoption Strategy.
The Aegis
An Aegis is a financial, security, and insurance entity that provides stability and security in the Ofero Network. Because of their critical role in protecting the network from security vulnerabilities, managing the validators platform, providing collateral for insurance, and determining a fairly distributed system for the added value generated by the Ofero Network ecosystem, the Aegis entities are the most important pillars in the Ofero Network ecosystem.
Each Ofero Holder can protect his assets by insuring them against loss due to a blockchain failure on MultiversX or loss of access to his mnemonics. The standard insurance fee is 1.5% of the total amount insured. The Aegis's data and statistics are all visible on the blockchain and fully compliant with the Proof of Trust and Transparency Protocol.
The Aegis structure is currently in BETA mode. On February 1, 2023, the Aegis genesis program will be officially launched. Aegis can be seen as a layer 2 node from the blockchain or, even better, as a staking agency.
To establish an Aegis one must hold 1.000.000 $OFE. This amount of token will be deposited as collateral in a cold wallet at Ofero Network.
Aegis is a greek word meaning shield. The utility of the Aegis is to shield and protect the ecosystem. Aegis entities and Validators are like the immune system of the Ofero Network. The Aegis can only insure the number of tokens it has provided as collateral.
Validators
Validators must hold 50k $OFE in their wallet, no lock, no bond. Optionally, they can validate other holders in order to enable the staking architecture, Sight Staking, on their wallets and get 3.6% APR reward for the total amount of the holdings in the wallets they validate.
Moreover, only validated wallets are eligible to migrate their tokens on BNB Chain, which launches on BNB Chain on the 7th of April 2023. Each validator will receive a reward equal to 0.1% of the total amount that will be transferred to the BNB Chain through the migration process.
How to become a Validator?
To become a Validator and be eligible to Validate other accounts, you must first own 50k OFE tokens. Contact a Team Member on the Telegram channel after that. Validators will only validate known users, and they will be required to make a video call or take a photo with the validated person to provide proof to the Ofero Network team, if further verification is required.
Sight Staking
Sight Staking is a feature that the Ofero DEX offers to its users who hold $OFE. It rewards holders on the 1st of each month with an 8.4% APR. No lock, no bond. When users buy $OFE, they don't need to have it locked or bonded within a period. That's the innovation, the risk and the success of this feature. By holding the tokens in their wallet, they earn 8.4% APR. The user can sell at any time. So, by doing this the platform has created a community based on trust and transparency. The Staking wallet is constantly buying $OFE from tor to pay the holders.
BNB Chain Launch
Starting from 8th November 2022, a max. amount of 100.000 OFE / wallet/user can be deposited into the Ofero Network’s Smart Contract. The Smart Contract will initiate the migration process. Investors will be able to migrate 20% out of the 100k OFE coins on the BNB Chain (Binance Blockchain). Then, on the epic day of 7th April 2023, $OFE will launch on Binance Blockchain . The launch price on Binance Blockchain will be 1 $BNB=1600 $OFE.
Only Validators and validated wallets are eligible to deposit $OFE in the migration smart contract. Investors can migrate 20% out of the max 100.000 $OFE allowed. The rest of 80% will be locked for 6 months on the MultiversX Blockchain with a release of 5% every 5 days. Each Validator gets a reward of 0.1% of the total amount transferred to Binance Blockchain.
Team members, wallets and salaries
https://ofero.network/team
Roadmap
https://ofero.network/roadmap
