OGz is the first and only MemeFi project that strives to create a thriving community by incorporating the beloved Meme culture with DeFi (decentralized finance).
At the core of OGz lies a unique referral program that rewards members who invite new users to join the ecosystem. When a user joins the referral program and completes trades (both for each buy and sale and for the lifetime of their wallets), the referring member receives a referral reward in OGz tokens.
This feature creates a sustainable passive income model that incentivizes community growth.
The one-way referral system in OGz ensures the prevention of possible manipulation risks in DeFi by allowing each wallet and user to only receive rewards from different users. This prevents engaging in reciprocal referrals and promotes a fair distribution of rewards.
The traditional systems have been tried many times before and failed. It's not sufficient for the sustainability of the DeFi system if only limited members earn rewards.
The system has need to incentivize non-members to participate or contribute in order to ensure long-term sustainability. If the system aims to have a wider impact beyond its members, it is necessary to consider how to involve non-members and ensure that they also benefit in some way. We have achieved this with our new and unique referral system.
Is it possible to grow a completely onchain and transparent project in DeFi, build a system where every OG wins? Moreover, combining it with Meme to create a unique MemeFi ecosystem? YES, WE DID IT!
OGz has a tax system that supports the growth and development of the ecosystem. When a user conducts a transaction on the DEX, 1% / 2% of the transaction amount is collected as tax. The collected taxes are then distributed to various parts of the OGz ecosystem, including referral rewards, liquidity pools, dynamic staking, future plans vault, and the OGz team (team needs some salaries to keep building and make secure all for you, please don't judge this part.😊).
When a user makes a sale, a 2% tax is applied. This tax is distributed as follows: 1% Referral, 0.2% Future Vault, 0.5% Dynamic Staking, and 0.3% Marketing.
If a trading wallet does not have a referral code, the 1% portion designated as a referral reward is automatically transferred to the Future Plans Vault.
If a wallet that conducts a trade does not have a referral code, the 1% that would have been allocated as a referral reward is automatically transferred to the Future Plans Vault. The future is exciting. Ready? 😉
The OGz are devoted DeFi supporters, and it's important to note that all of our processes are carried out on-chain. This means that complete transparency, traceability, and decentralization are at the core of everything we do. We believe that the true potential of DeFi lies in its capacity to offer financial freedom and inclusivity to everyone.
Our platform is powered entirely by smart contracts, and every detail is recorded immutably on the blockchain. We remain steadfast in our commitment to maintaining this approach, and we will never compromise on our principles.
* It's always advisable to check the OGz litepaper for the latest information on how the program works.
* Disclaimer: OGz is a decentralized finance platform that operates on the blockchain. While we strive to provide accurate and reliable information, we do not guarantee the completeness, timeliness, or accuracy of any information or data on our platform. OGz is not responsible for any losses or damages that may arise from the use of our platform. Users of OGz are advised to conduct their own research and seek professional advice before making any investment decisions.