Before we get started, it is imperative to understand a very basic concept in cryptocurrency upon which this project is built, and that is staking.
What is staking?
Staking in cryptocurrencies is a process that involves you committing your crypto assets to support a particular blockchain network and can be a great way to use your crypto to generate passive income, especially because some cryptocurrencies offer high interest rates for staking. And these interest rate in most are not fixed but rather fluctuate. However, oilz finance is revolutionizing decentralized finance with it’s amazing concept. So, let delve quickly into what oilz finance is about and want to achieve.
What is Oilz Finance?
Oilz finance is determined to revolutionize the defi with the OAP (Oilz Auto-staking Protocol). The OAP is a new financial protocol that will make staking easy and safe. It uses the simple buy – hold – earn system and a sustainable fixed compound interest model
How the Auto Staking Protocol work
Prior to now, staking requires one to approve and traditionally stake your token, but with this Auto Staking Protocol, it is much easier, all that is required is for you to buy your token and hold and as a result of a positive rebase system, you earn interest based on your tokens calculated using the fixed APY (annual Percentage yield)
Here we will be looking briefly at some of the amazing features that the iolz.finance is offering. Some of the basic features are:
Auto Staking: this is a very interesting feature of the OAP. With Auto Staking feature, your token don't get reduced because of fees charged while staking. It is as easy as A, B, C. Just buy, and will be automatically staked, period.
Very High APY: OAP is offering buyers a mouthwatering APY of 498,249%. Which means if you invest $1000 today and hold for a period of one year, you will earn high $4,982,490.
Automatic interest payment: your accrued are automatically and instantly paid. Unlike traditional staking where you will have to manually harvest your interest, OAP pay you your interest instantly and this happens every 15 minutes.
Auto burn: this feature is a way by which the total number of token in supply is control by burning. This is controlled by automatically by a system in the protocol called the defender, and about 3% of all OILZ Token traded are usually burnt periodically.
Having looked at the important features in the oilz.finance autostaking protocol (OAP), the obvious question that every curious mind must be asking now is, how will the autostaking feature work.
The auto staking protocol operates by the very simple concept of buy-hold-earn concept. This means that by simply buying and holding #OILZ token a wallet, interest are earned. This interest is possible by a positive rebase formula whereby you earn 0.0243% of your token every 15minutes totally 96 times in a day.
How to buy the #OILZ token.
After the prelaunch sales holding on pinksale, 18th March, between 12:00 UTC - 16:00UTC, the token will be launched on pancakeswap on 18th March 2022 by 16:00 UTC, using a trading pair with BNB.
Tokenomics:
Token name: OILZ
TICKER: OILZ
Contract address: 0x1695f45e7A66f9404718543143813E09EFB316D1
Decimal: 5
Total supply: 325000
Social connect :
Website: http://oilz.finance
Whitepaper: https://docs.oilz.finance/
Twitter: https://twitter.com/OilzFinance
Telegram: https://t.me/OilZFinanceChat
Discord: https://discord.gg/v3PQUtyNsf
Writer :
Forum Username: Rivelino
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=3434901
BSC wallet address: 0x198ec24cA1E968A81284ceE3B050C9695f1A0c59