Whitelist is open till 2nd June
The cryptocurrency market has greatly evolved and transformed in the past few months. New All Time Price and Volume highs are generating even more attention and hype to the blockchain space, but at the same time thrusting the flaws and shortcomings into the spotlight.
Blockchain Scalability has always been a stumbling block(ironically) for mass global adoption. With 1st and 2nd Gen blockchain tied down with slow network processing speed in addition to the skyrocketing transaction fees, new 3rd generation blockchains like Solana have already been making phenomenal progress, capable of process thousands of transactions per second. For example, while Bitcoin can process just 4.6 transactions a second (TPS), the Solana blockchain is already boasting a TPS of over 65,000 and 400ms block times. Extremely fast transaction times with extremely low transaction prices(Approximately $0.00025 per transaction currently), an overall win for the community.
Instead of a proof-of-stake (PoS) or proof-of-work (PoW) concept, Solana also adopts a different proof-of-history consensus which works by encoding timestamps into messages and transactions, enabling users to create historical records that prove exactly when data is added to the blockchain. These tokenization of data will definitely create more interesting use cases and features in due time.
At Oxbull.Tech, we’ve always advocated being it in for the long run. And with Quality, Credibility, and Relentless Execution, we’re continuing our aim to help drive the next generation of Blockchain projects with our expansion of the Launchpad into Solana.
Native Token: OXS
Oxbull.Tech shall continue to be a Launchpad in Solana. OXS will be the native token utilized on the Solana Mainnet in a similar fashion as OXB.
OXS will not dilute OXB as there will be additional resources and members deployed. OXS will only be used for IDOs on Solana.
Tentative OXS’s IDO tier structure would be:
- Tier 1: 10,000OXS
- Tier 2: 2,000 OXS — 6,000 OXS
- Tier 3: To be determined.
Details and further workings of the IDO tiers to be released further.
Tokenomics
Details to be released in due course.
STEP 1: Getting started with Solana
New to the Solana Blockchain? Not to worry, there’s a few ways to get started.
Creating a new Solana Wallet
To be enabled to participate in future IDOs on Solana: First, get a Solana Wallet. As future listing shall be done on Raydium(Basically PancakeSwap for Solana) there are currently a handful of wallets compatible with the Dapp:
Sollet is one of the most common and easy to use Solana wallet at the moment. To create a Sollet wallet, simply visit https://www.sollet.io/ and you’ll be presented with the following:
Please do store the seed phase as how you normally will, Click on “I have saved these words in a safe place” -> Continue ->follow further on screen instructions to include a password and you’re all set up with your new Sollet. Sollet is currently a web-based extension, hence there’s no further requirement to download or install any extensions, mobile(Chrome) and PC usage would be fairly similar, with wallet approvals coming in the form of pop-ups/new windows. PC Users may also opt to install a browser extension for Sollet(this is purely optional).
STEP 2: Maintaining SOL in your Solana wallet
Similar to ETH on the Ethereum network, and BNB on the Binance Smart Chain, SOL is required on the Solana Mainnet to be utilized as gas for all transactions.
SOL is currently available on major Exchanges like Binance, OKEx, Bitfinex and Serum. Due to the extremely low transaction fees on Solana, users would only need to buy a small amount of SOL and send them to Sollet for use.
STEP 3: Solana Link [UPDATED]
For the current IDO, capital raising will be conducted on BSC. But tokens will be released to the user’s corresponding Solana wallet.
For the Oxbull team to track your Solana wallet address, Users will be required to update their Solana address on the Solana Link page before 1600UTC 2nd June to receive OXS coins after Token Generation.
Copy down the Solana Wallet address from your Sollet, ie:
Paste it onto Solana Link on Oxbull.Tech:
IMPORTANT NOTES: Please ensure that Solana Address is accurate as OXS will be credited to this address. Linking any other address apart from a Solana address may result in loss of Tokens.
STEP 4: Oxbull IDO
Token Generation of OXS on the Solana Mainnet is scheduled to be on the 2nd June 2021, 1700–1730 UTC.
Presale Price: 0.03BUSD
Listing Price:0.04BUSD
To find out more about how to participate in the IDO on the day itself, read here. Using the latest Smart Staking approach to Oxbull.Tech’s IDO model, Pre-sale would be categorized into 3 groups to be conducting on BSC:
Tier-1: Guaranteed High Allocation
For a High allocation and a Guaranteedparticipation of the OXS token, investors would be required to:
- Enrolled Smart Stake for 8,000 OXB tokens
OR
- Enrolled Smart Stake for 4,000 OXB/BUSD LP
before 28th May 0000UTC and maintained until token generation event.
Qualified Investors will have a pre-allocated time of 9 hours on the 1st of June 1800UTC to contribute to the pre-sale pool.
Min contribution: TBA, Max contribution: TBA
Each qualified address will only be eligible for ONE transaction.
Tier-2: Guaranteed Medium Allocation
For a Medium allocation of the OXS tokens, Investors who are keen to participate would be required to be:
- Enrolled Smart Stake in between 1,000 OXB — 4,000 OXB before 28th May 0000UTC and maintained until token generation event.
- For Investors who were late and missed the staking deadline, the Time lock farm shall be available up until 30th May 0000UTC, where Investors will still be allowed to participate in the IDO, subject to the staked OXB funds being locked for 7 days. Investors in the Time Lock farm will not earn APR.
Qualified Investors will have a pre-allocated time of 30 minutes to contribute to the pre-sale pool on the 2nd June between 1500–1530 UTC.
Min contribution: TBA, Max contribution: TBA
Each qualified address will only be eligible for ONE transaction.
Tier-3: Whitelisting program
Whitelisting link: https://docs.google.com/forms/d/e/1FAIpQLSfYyhsnMxyOy201pmSXeNW5tRjfbRMQXOksnl50v8gSvmjTGg/viewform
For a Small allocation of the OXS tokens, interested Investors will need to hold(Not Smart Stake) a minimum of 50 OXB in their wallet and complete a Whitelisting form and requirements by 2nd June 0000UTC to stand a chance to qualify for the IDO. Whitelisting qualification generally increases with more OXB held and the more active investors are on TG and Twitter.
The Pre-sale pool shall be opened to the qualified public after the allocated time for Tier 1 and Tier 2 investors end. Contributions are on a first come first serve(FCFS) basis on the 2nd June between 1530–1600 UTC.
Max contribution: 20BUSD
Each qualified address will only be eligible for ONE transaction.
IMPORTANT NOTES: Qualification of Tier-1 and 2 will require ENROLLING SMART STAKING. In the event where an Investor who has not enrolled in Smart Staking but has the required number of holdings SHALL NOT be eligible for the aforementioned tiers.
Smart Staked holdings are required to be maintained adequately until project listing. Any dips below the required holding amount will DISQUALIFY the investor for the project being launched at the time even if the investor has already contributed.
Each qualified address will only be eligible for ONE transaction. Meaning if an address is qualified for tier 1, they will not be qualified for tier 2.
STEP 5: Waiting for OXS
BONUS AIRDROP: As a token of appreciation to all existing and early Tier1/ 2 supporters, the Oxbull Team shall also be airdropping an additional amount of OXS based on the first snapshot of OXB on the 28th May 2021. Further details of the Airdrop to be released.
Token Generation would take place on Raydium, similar to PancakeSwap, users would need to add in the Token manually after the Contract Address is made available.
The IDO OXS would be credited 10–20 minutes after Token Generation in accordance to the Solana address provided in Solana Link.
