Ofero Network (launched in 2021) is a decentralized 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, 12 Aegises were born in the Ofero Network, and over $435,000 were locked as collateral. On the 2nd of March, a new Aegis named Silver was added, bringing the total number of Aegises to 13. The network now has approximately $500,000 locked as collateral
Also, on the 7th of April 2023, $OFE successfully migrated to the Binance Blockchain (BNB Chain).
Ofero 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 cap.
On 27 January 2023, Ofero Network announced its native token $OFE is now available on Trust Wallet. Oferians can now securely store and manage their $OFE tokens with the leading mobile crypto wallet.
The name 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 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''.
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.
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 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.
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 that offers a lower trading fee. It also allows $OFE holders to view their staking in real-time.
The Ofero DEX is considered to be the fastest DEX in the world according to pagespeed.web.dev.
Ofero also offers a token launch platform that assists block page speedups in raising funds for new projects. The first Ofero Launchpad will take place with the Evoload project most likely 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.
$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 Ofero Token will have a total supply of 450.000.000 de OFE. Its distribution is done on a pro-rata basis, as follows:
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.
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.
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.
- Coin Fly
Validators must hold 50k $OFE in their wallet, no lock, no bond. Optionally they can validate other holders to enable the staking architecture, Sight Staking, on their wallets. Optionally Validatoget 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 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 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
Only Validators and validated wallets are eligible to deposit $OFE in the migration smart contract.
- Decentralized Club
- MultiversX Sports Club
- Tiger’s Party Club
- Maiar DEX.
- MultiversX (Previously Elrond)
The Ofero Network team is originally from Romania and they include:
- Adrian Vasiu - Co-Founder & CEO
- Stefan Olaru - Co-Founder & CTO
- Gabriel Abrudan - CFO
- Bianca Grip - CMO
- Romeo Pop - CIO
- Andrei Stoia - Head of IT Support
- Adrian Tacaci - Network Expansion Manager
- Andrei Muscalu - UI & UX
- Ovidiu Popica - Event Operations Manager
- Florin Cojocaru - Senior Programmer
- Alex Barbu - Community Manager
- Lacrima Zara - Business Integration Support
- Lavinia Vinți - Legal Advisor
- Lavinia Tudor - Asset Insurance Consultant
- Alex Parausanu - Legal Advisor
- Alexandra Barbu - Business Integration Support
- Corneliu Antal - Brand Ambassador
1st Quarter 2022
- Whitepaper Release
- Team Members Release
- Token Presale
- Partnership with esdt.market
- End of First Presale
- Second Presale Phase
2nd Quarter 2022
$OFE xExchange Listing
$OFE eCompass.io Listing
Ofero Events Launch
First Exclusive NFT Event
$OFE Farming Program
Ofero Launchpad Launch
Ofero Market Launch
3rd Quarter 2022
- $OFE Farming Rewards Distribution
- Partnership with Crust Network
4th Quarter 2022
* Multichain Announcement
* Gamification & Trading Competition
* Migration to BNB Chain
* 8.4% APR Staking Reward Announcement
* $OFE on bscscan.com
* Ofero Network Aegis Launch
* 2022 Financial Report
## ## 1st Quarter 2023 * Privacy Updates on Private Platform * New Blockchain Marketing Platform * Aegis Earnings Update * $OFE Top 3 Trading Volume on xExchange * BNB Chain Update * $OFE Listings (CoinMarketCap, CoinGecko, Crypto.com, Coinbase etc.) * $OFE DEX Legacy Campaign * $OFE on Trust Wallet * $OFE on * First 12 Aegises Launch * Ofero Wallet Launch * The Value Launch * Ofero App Launch ## 2nd Quarter 2023 * Blitz Presale on BNB Chain * Distribution to Validators * * End of Blitz Presale * Ofero Network BNB Chain Launch * Team Expansion * New Functionalities on Ofero Exchange * Strategic Partnerships * Ofero Meet Up * Liquidity Program Development * Ambassador Program Launch ## 3rd Quarter 2023 * Ofero Summit Bucharest 2023 * New Official Website Launch * Cross-Chain Bridge Launch * Advisory Board Expansion * New Strategic Partnerships ## 4th Quarter 2023 * Ofero Network Mobile App * Governance System Introduction * Insurance Mechanism Introduction * Custom Blockchain Explorers & Data Visualization Tools Development ## 1st Quarter 2024 * DeFi Protocol Partnerships * Educational Platform Launch * Decentralized Voting Mechanism Implementation ## 2nd Quarter 2024 * CEX Listing * Market & Region Expansion * Annual Conference or Meetup ## 3rd Quarter 2024 * Research Division Establishment Charity or Social Impact Fund Creation
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