Oxbull Tech (OXB) is a governance token for the OxBull ecosystem, a launchpad and startup incubator that connects promising blockchain projects with investors. It operates on the BNB Smart Chain (BEP20) platform and aims to provide a store of value and access to upcoming blockchain projects. The token has features like deflationary mechanisms and dividend/buybacks, and its ecosystem includes a tier system for investors with exclusive benefits.
Oxbull Tech (OXB) is a cryptocurrency token that serves several purposes within the Oxbull ecosystem. It is primarily used as a utility token for the startup incubator and launchpad platform, which connects promising blockchain projects with investors. Here are some key ways OXB is utilized:
Tier System Access: Holding OXB tokens grants access to exclusive tiers, offering early-stage venture quality deals, private project access, and exclusive community groups. These tiers provide investors with early insights, expert advice, and exclusive information.
Staking and Earning: OXB holders can participate in staking, earning a 10% APR, which translates to approximately 2 OXB per day for Tier One holders.
Reflection Fee: All OxB transactions incur a "Reflection Fee," which redistributes tokens amongst holders, incentivizing long-term holding and community engagement.
Incubation and Funding: Oxbull Tech uses OXB to support startups by providing funding and necessary resources to kickstart their projects efficiently.
Community Engagement: Early community members and OXB holders serve as responsible stewards of the OxBull ecosystem, maintaining its neutrality and contributing to its development.
In summary, OXB is used to facilitate investment opportunities, provide staking rewards, and support the growth of startups within the Oxbull ecosystem.
To store Oxbull Tech (OXB) tokens securely, consider using a cold wallet, which is offline and offers the highest level of protection. This type of wallet is ideal for storing large amounts of cryptocurrency over an extended period. For beginners, hot wallets can be used for quick online transactions, but they are less secure than cold wallets.
To buy Oxbull Tech (OXB) tokens, follow these steps:
Choose a Crypto Wallet: Select a reliable crypto wallet that supports your preferred payment method and policies. Popular options include Coinbase Wallet, MetaMask, and TrustWallet. You can download the wallet extension on Google Chrome or the wallet app from the iOS App Store or Google Play. Consider the type of wallet suitable for your trading preference, such as hot wallets for frequent trading or cold wallets for long-term storage.
Set up Your Wallet: Create an account, provide personal information, and set a strong password. You will receive a secret recovery phrase or seed words, which are crucial for recovering your wallet in case of loss. Accurately note these down before proceeding.
Buy a Base Currency: Choose a cryptocurrency exchange platform and purchase a base currency, such as Bitcoin, Ethereum, or Tether, which you will use to trade OXB.
Transfer Funds to Your Wallet: Withdraw your base currency to your crypto wallet by logging into your exchange account, providing your wallet address, and specifying the amount to transfer.
Select a Decentralized Exchange (DEX): Choose a DEX that supports your wallet, such as Pancake Swap. Compare trading fees and liquidity before selecting a DEX.
Buy Oxbull Tech (OXB): Connect your wallet to the DEX, select OXB from the list, and enter the amount you want to trade. Be cautious of market trends and diversify your portfolio to minimize risks.
- Alternative Option: If OXB is not listed on the DEX, use bscscan or etherscan to locate the smart contract address and paste it into the DEX to complete the transaction. Ensure you have the correct contract address to avoid scams.
Additionally, you can use centralized exchanges like Binance or peer-to-peer marketplaces like Symlix to buy OXB. Always research and compare fees, liquidity, and security before making a purchase.