Oilz Finance -Project Overview
Oilz.Finance: Optimization Income Lasting Smart
Oilz.Finance provides a decentralized financial asset and platform which rewards users with a sustainable fixed compound interest model through use of it's unique OAP protocol.
The Oilz Auto-Staking Protocol (OAP for short) is a new financial protocol that makes staking more easier, more efficient and awards $OilZ token holders the highest stable returns in crypto.
OAP gives the Oilz.Finance token automatic staking and compounding features, and the highest Fixed APY in the market at 498,249% for the first 12 months. Oilz.Finance is a company focused on DeFi innovation that creates benefits and value for Oilz.Finance token holders. Our OAP protocol that is used within the Oilz.Finance token grants exceptional benefits for holders of $OilZ:
- Low Risk with the Oilz.Finance Insurance Fund Valuation (IFV) - 4% of all trading fees are stored in the Oilz.Finance Insurance Fund which helps sustain and back the staking rewards by maintaining price stability and greatly reducing downside risk.
- Easy and Auto Safe Staking - The Oilz.Finance token always stays in your wallet so it doesn’t need to be put into the hands of a 3rd party or centralized authority. The Oilz AutoStake feature is a cutting-edge function called the Buy-Hold-Earn system, which provides the ultimate ease of use for $OilZ holders. By simply buying and holding $OilZ in your wallet, you earn rebase rewards as interest payments directly into your wallet. Your tokens will increase every 15 minutes.
- Interest Yield with Automatic Payments - You need not be worried about having to re-stake your tokens. Interest yield is paid automatically and compounded in your own wallet, guaranteeing you will never miss a payment.
- Highest Fixed APY - Oilz.Finance pays out at 498,249% in the first 12 months which rivals anything in the DeFi arena to date. After the first 12 months the interest rate drops over a predefined Compounding Interest in Perpetuity period.
- Flash Interest Payments - The Oilz.Finance Protocol pays every Oilz.Finance Token holder each and every 15 minutes or 96 times each day, making it the fastest auto-compounding protocol in crypto.
- Auto Token Burn - One of the exciting features of the Oilz.Finance Protocol is an automatic token burn system named “The Defenders” which prevents circulating supply getting out of hand and becoming unmanageable. The Defenders burn 3% out of all Oilz.Finance Token market sales and are burned in the same individual transaction.
The OAP uses a complex set of factors to support its price and the rebase rewards. It includes the Insurance Fund Valuation (IFV) which serves as an insurance fund to achieve price stability and long term sustainability of the OilZ Protocol by maintaining a consistent 0.02355% rebase rate paid to all $OilZ token holders
OILZ.Finance Token
OILZ Buy & Sell Fees
OilZ buy and sell fees are an important component of the OAP. They provide capital for performing critical functions to the protocol.
Other protocols utilize selling bonds to support the same functions as OilZ fees, but we believe that approach is riskier because if bonds are not purchased, the token can lose its support and spiral downward in price as we have seen with several of these bond based protocols.
Selling bonds also costs token holders. It reduces the amount of APY that can be offered and eliminates the ability to offer a stable APY.
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.
One additional benefit of the high fees is that OilZ is the only token that benefits when Whales dump because the fees collected support $OilZ holders.
Utility of $OILZ Trading Fees
1. Placement and Utility of $OilZ Trading Fees:
Buy Trading Fees:
LP: 2%
IFV: 4%
Treasury: 2%
The Defenders: 3%
Sell Trading Fees:
LP: 5%
IFV: 4%
Treasury: 6%
The Defenders: 3%
2. Placement
LP - Trading fees goes to backing the liquidity of the BNB/OilZ pair on PancakeSwap ensuring an ever-increasing collateral value of $OilZ.
IFV - Trading fees are stored in the OilZ Insurance Fund which helps sustain and back the staking rewards provided by the positive rebase.
Treasury - Trading fees go directly to the treasury which supports the IFV and provides a marketing budget for OilZ and funds new product development.
The Defenders -
OILZ.Fiance Platform
OilZ.Finance Platform – Prized Linked Accumulating Yield Project
The OilZ.Finance team is focused on bringing new and exciting projects that utilize OAP and the latest and best methods for generating rewards for $OilZ token holders.
Our second project following the revolutionary OilZ Auto-staking and Auto-compounding token is OilZ.Finance Platform for Prized Linked Accumulating Yield, an easy and fun contest for $OilZ token holders. This project is proven as being a revolutionary way to get people to save more of the money they earn.
How to use
Participants deposit their $OilZ tokens into OilZ.Finance Platform for a chance to win a prize of more $OilZ using the OilZ V2 app on the website. Simply press the OilZ.Finance Platform button and follow the easy directions. Your tokens never leave your wallet, and you can enter and leave a contest at any time.
OilZ.Finance Platform improves on the PLSA model, because everyone who participates continues to earn $OilZ staking rewards with a different but still very high ratio.
Those who enter more $OilZ have an increased odds of winning the big prize, and once you enter you are automatically entered in every new prize pool until you withdraw your tokens. There is an EARLY EXIT FEE of 10% decreasing for the first 10 days you stay entered. So if you deposit and withdraw the same day, you will pay 10% of the OilZ tokens you deposited to enter the contest. This decreases by 1% over the next ten days
The amount of the prize pool per contest is determined by the amount of $OilZ deposited. More tokens deposited into OilZ.Finance Platform means a higher grand prize!
Winners are determined by random draw with those depositing more $OilZ having a greater odds of winning.
OilZ.Finance Platform is the next step in OilZ providing the best and latest in DeFi. It uses the power of OAP to create another winning project for $OilZ token holders.
How are the Prizes guaranteed?
The prizes are generated through a simple mechanism. When a new participant enters OilZ.Finance the amount deposited will automatically generate interest thanks to the OAP. This interest combined with all other interest generated by the deposits of other participants creates the Grand Prize.
This system is designed to allow participants to win a Grand Prize and participate passively in the prize pool, while keeping safe their deposited funds (which can be withdrawn at any time).
How the Passive Rewards Generated?
OilZ.Finance offers a passive income for all participants.
By depositing $OilZ under a Sponsorship feature, the OAP uses the deposited funds to generate a fixed interest. OilZ.Finance utilizes this interest to passively award all OilZ.Finance participants.
Each participant receives an amount of passive rewards determined by an algorithm that considers the amount of $OilZ deposited by each participant and the total amount of $OilZ in the OilZ.Finance. The more $OilZ deposited, the more passive rewards a participant will receive. Using Tap, these rewards occur in your interface and can be easily withdrawn by clicking the claim rewards button.
Fairness
When users play a game they want it to be fair. Everyone who has contributed to furnish interest to the prizes must be eligible to win, and the prizes need the users' contribution to grow. Interest builds up over time, therefore OilZ protocol needs to measure and enforce the time that funds are held. Without this mechanism, it would be very easy to game the system by depositing right before a prize, having a chance to win, and withdrawing right after.
OilZ.Finance measures the duration of time funds are held by accruing days for each user, and it enforces the holding of the funds by setting a scalable and decreasing early exit fee. Once the early exit fee cycle (10 days) is completed, a user can withdraw the funds instantly with no loss. If the cycle has not been completed, the user can still withdraw, but will pay an early exit fee which contributes to the prize.
Early Exit Fee Cycle Duration: 10 Days. Early Exit Fee
Roadmap
Q1 2021
Technology consulting
Business Model
Documentation development (website, whitepaper, gitbook)
Build Phase - Smart Contract
Build Phase - dApp V1 Dashboard
Deployment Phase - Smart Contract - Testnet
Smart Contract Audit
Deployment Phase - Smart Contract Deployment - Mainnet
Deployment Phase - dApp V1 Dashboard
New Partnerships Announcement
Awareness + Bounty Campaigns
Q2 2022
Fair Launch on Pancakeswap
Unicrypt Liquidity Locked 10 years
Unicrypt Token Vesting
Pre-Launch Marketing Coingecko Listing
Coinmarketcap Listing
Coin Trackers Listing
DappRadar Listing
Development Mobile Application iOS and Android
OilZ.Finance Project
Q3 2022
Dashboard V2
Partnership DeFi
Cross-Chain Integration
OILZ Merchandising
Launch Alpha Version Mobile Application iOS and Android
Q4 2022
NFT Collections
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