OILZ Token

Maret 22, 2022

OILZ Token

INTRODUCTION
WHAT IS CRYPTOCURRENCY AND HOW DOES IT WORK?

The term “cryptocurrency” refers to a sort of digital currency. constructed in the same way that cryptography is (the science of hiding information). Cryptocurrencies operate under ‘decentralized control,’ which means they are not governed by a single individual or government.

In contrast to ‘centralized’ electronic money and central banks, this is a decentralized system. Each cryptocurrency is controlled via a distributed ledger (a list of transactions that everyone can see), most often a blockchain, which serves as a database of public financial transactions. # Bitcoin is widely regarded as the first decentralized cryptocurrency, having been released as open source software in 2009.

More than 5,000 cryptocurrencies (also known as “altcoins” or “alternative coins”) have been produced since then.
Cryptocurrency cannot be converted to real money in most circumstances; it can only be converted to another cryptocurrency or used to purchase something.

OILZ Auto-Staking Protocol

Oilz.Finance is revolutionizing the DeFi field with its proprietary Oilz Auto-Staking protocol (OAP), which offers the industry’s highest fixed APY of up to 498,249 percent while rebasing rewards into your wallet every 15 minutes.

Oilz. Finance develops your tokens quickly and easily without requiring you to move your assets from your wallet, thanks to a simple buy-hold-earn mechanism and a long-term fixed compound interest model.

How much money can I make?

With $1,000 USD in $OILZ invested at the end of the year.

Interest rebase incentives are paid in $OILZ, the native coin. Every 15 minutes, every token holder receives 0.0243 percent interest only for keeping $OILZ tokens in their own wallet!

Auto-Compounding

In the crypto realm, paying Auto-Staking and Auto-Compounding Protocol with the highest fixed APY of 498,249 percent.

Every 15 minutes, interest incentives are compounded for all BSC wallets holding $OILZ tokens.

Valuation of the OILZ Insurance Fund (IFV)

The Oilz.Finance Insurance Fund holds 4% of all trading fees, which helps to support and back the staking benefits by ensuring price stability and considerably lowering downside risk.

Treasury of OILZ

In the event of a dramatic price decline of the $OILZ token or an unforeseeable black swan occurrence, the treasury provides additional financial support to the IFV.

It aids in the establishment of a floor price for the $OILZ token. The new OilZ receives funds from the Oilz Treasury. Products, projects, and marketing efforts are all financed.

The Defenders are a group of people that work together to

In The Defenders, 3% of all $OILZ traded is burned.

The more that is exchanged, the more that is poured into the fire, causing the fire pit to expand in size, larger and larger, limiting the circulating supply and maintaining the OilZ protocol stable.

Insurance Fund Valuation (IFV)

Holders are kept safe by:

ensuring the OilZ Protocol’s long-term viability and future expansion

Bringing the $OILZ token’s precipitous price decrease to a halt.

Price stability prevents a flash crash.

How Does It Work?

The OilZ Insurance Fund holds 4% of all trading costs, which helps to sustain and back the staking profits provided by the positive rebase.

The Defenders

Token Supply to:

Prevent the circulating supply from becoming out of control and uncontrollable.

Printing of offset positive rebase interest.

How Does It Work?

In The Defenders, 3% of all $OILZ traded is burned.

The more that is exchanged, the more that is poured into the fire, causing the fire pit to expand in size, larger and larger, limiting the circulating supply and maintaining the OilZ protocol stable.

Dashboard Updates and Improvements on the OilZ.Finance Platform Defi 2.0 is the latest version of Defi.