Welcome every crypto lovers again for my latest Project review in the crypto industry. If you are new to this crypto world, I like to introduce you what are the basics and a short history summary about cryptocurrency platforms. if you already know about these basic things you can skip my first paragraph.
Blockchain Introduction
Everyone knows about the most famous coin in the world. yes, you are right, that is Bitcoin. Satoshi Nakamoto is the founder of Bitcoin.
If you think this Coin is like a vehicle, it needs a road to run. so every kind of vehicle needs its own path to run. Boats need Reservoirs like sea, river. an airplane needs the sky to fly. that’s so simple to understand what is the blockchain network. there are many networks right now like roads & many coins, tokens have like vehicles. you need to select the right vehicle and road to drive it. if you choose a car you can only drive it on roads, if you put it to the water, it will be sink definitely. That’s how Blockchain networks work. there are so many popular networks working in recent. so many will come. bep20, erc20, polygon, Solana, Tron network are some of them.
Blockchain Technology becoming one of the most revolutionary innovation on the global market today where it's introducing us an new concept called Decentralization, it was an unique mechanism offered by the Blockchain network and the concept itself is to facilitate routing and settlement process through the decentralized network where it's based on the Cryptographic encryption, It was an new form of computing engine protocol where it's a also creating unique protocols where the system is implemented on the network, Blockchain itself allowing every transaction it to be executed simultaneously without any need centralized entity where it will ensure every transactions more transparent and safer, On the other hand privacy & data was also important things that can be implemented with the Blockchain Network, OilZ Finance itself it's the answer for this where it's Creating All-In-One decentralized services ecosystem to based on the Blockchain technology.
What is OilZ Finance?
OilZ provides a decentralized financial asset that rewards users with a sustainable fixed compound interest model through the use of its unique proprietary OAP protocol. OilZ delivers the industry’s highest fixed APY, paid every 15 minutes or 96 times each day, and a simple buy-hold-earn system that grows your $OilZ portfolio in your wallet at a lightning-fast pace.
Features of OilZ
OilZ Autostaking Protocol (OAP) : Highest Fixed APY — OAP provides token holders simplicity, security, and a consistent fixed high yield return of 498,249% APY from their staking. It is used in the OilZ token.
Low Risk : Oilz.Finance Insurance Fund Valuation (IFV) — 4% of all trading fees are stored in the Oilz.Finance Insurance Fund helps sustain and back the staking rewards by maintaining price stability and greatly reducing downside risk.
Staking — Easy and Safe : The OilZ token always stays in your wallet it doesn’t need to be put into the hands of a 3rd party or centralized authority. All you need to do is buy & hold as you automatically receive rewards in your own wallet so there are no more complicated staking processes at all.
Interest Yield - Automatic Payments : You need not be concerned about re-staking your tokens. Interest yield is paid automatically and compounded in your own wallet, guaranteeing you will never miss a payment.
Highest Fixed APY OilZ pays out at 498,249% in the first 12 months which rivals anything in the DeFi arena to date.
Rapid Interest Payments The OilZ Protocol pays every OilZ Token holder each and every 15 minutes or 96 times each day, making it the fastest auto-compounding protocol in crypto.
Auto Token Burn (Defenders) : One of the exciting features of the Oilz.Finance Protocol is an automatic token burn system named “The Defenders” which prevents circulating supply from getting out of hand and becoming
unmanageable. The Defenders burn 3% out of all Oilz. Finance Token market sales are burned in the same individual transaction.
How Does Auto-Staking Work?
The OAP Auto -Stake feature is a simple yet cutting-edge function called Buy-Hold-Earn, which provides the ultimate ease of use for $OilZ holders.
Buy-Hold-Earn -- By simply buying and holding a $OilZ token in your wallet, you earn rebase rewards as interest payments directly into your wallet. Your tokens will increase every 15 minutes.
Using a Positive Rebase formula, OilZ makes it possible for token distribution to be paid directly proportional to the epoch rebase rewards, worth 0.02355% every 15 minute epoch period of the total amount of $OilZ tokens held in your wallet. The rebase rewards are distributed on each EPOCH (15 minute rebase period) to all $OilZ holders.
This means that without moving their tokens from their wallet, OilZ holders receive an annual compound interest of 498,249% for Year 1.
How do they provide So high APY?
OilZ buys and sells fees are an important component of the OAP. They provide capital for performing critical functions to the protocol. The amount of the fees (11% for buys and 18% for sells) allows OilZ to provide $OilZ holders with a stable high yield of 498,249% annually.
Buy Trading Fees:
- 2.0% — LP
- 4.0% — IFV
- 2% — Treasury
- 3% — The Defenders
Sell Trading Fees:
- 5.0% — LP
- 4.0% — IFV
- 6% — Treasury
- 3% —The Defenders
OilZ Token
OilZ is the native token for which interest rebase rewards are paid. Every token holder automatically receives 0.02355% interest every 15 minutes just for holding $OilZ tokens in their own wallet! $OilZ is a Bep20 token with an elastic supply that rewards its holders with a positive rebase formula, thus creating the Highest Paying Auto-Staking & Auto-Compounding Token.
Conclusion
The Oilz protocol is a decentralized, low-energy crypto currency staking protocol that will compound value over time. This protocol will be the next generation of crypto currency earning, holding, and spending. This will be accomplished by allowing the value of a user's crypto currency to compound over time. The system will work in such a way that a user will not only be rewarded for keeping their coins, but will also be able to earn extra coins by staking them. All of this will be accomplished through a minting procedure.
#defiyield #DeFiProject #BSC #DeFi
For more information, please visit:
Website: https://oilz.finance/
Twitter: https://twitter.com/OilzFinance/
Telegram: https://t.me/OilZFinanceChat
Discord: https://discord.com/invite/v3PQUtyNsf
Reddit: https://www.reddit.com/user/OilZFinance
AUTHOR:
Forum Username: son1223
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=3376522
POA : https://bitcointalk.org/index.php?topic=5389895.msg59541474#msg59541474
Telegram Username : @saha999
BEP-20 wallet address:: 0x5e87017Fe750E49b301e615840eC5cA4610A9353