OGZ Club

Revolutionizing DeFi with Meme Culture, Unique Referral System, and Decentralized Governance

5 min readJun 14, 2023

Introduction

OGz is a unique and innovative project that combines the worlds of Meme culture and decentralized finance (DeFi). As the first and only MemeFi project, OGz aims to create a thriving community by incentivizing growth through a unique referral program. This program rewards members who invite new users to join the ecosystem and complete trades, creating a sustainable passive income model that promotes community growth. At the core of OGz lies a revolutionary tax system that supports the development of the ecosystem, which is powered entirely by smart contracts and recorded immutably on the blockchain.

With its commitment to transparency, traceability, and decentralization, OGz represents the true potential of DeFi to offer financial freedom and inclusivity to everyone. Its use of blockchain and smart contracts ensures complete transparency and immutability of every detail, making it a trusted and reliable platform for users. Furthermore, its referral program and tax system incentivize both members and non-members to participate and contribute, ensuring the long-term sustainability of the ecosystem.

The OGz Platform Ecosystem

OGz operates as a decentralized finance (DeFi) platform that combines Meme culture and DeFi to create a unique ecosystem that incentivizes community growth and participation. At the core of OGz lies a revolutionary tax system that supports the development of the ecosystem. When a user conducts a transaction on the DEX, a percentage of the transaction amount is collected as tax. The collected taxes are then distributed to various parts of the OGz ecosystem, including referral rewards, liquidity pools, dynamic staking, future plans vault, and the OGz team.

OGz also features a unique referral program that rewards members who invite new users to join the ecosystem. When a user joins the referral program and completes trades, the referring member receives a referral reward in OGz tokens. This feature creates a sustainable passive income model that incentivizes community growth. The one-way referral system in OGz ensures the prevention of possible manipulation risks in DeFi by allowing each wallet and user to only receive rewards from different users.

OGz is powered entirely by smart contracts and recorded immutably on the blockchain. This ensures complete transparency and traceability of every detail, making it a trusted and reliable platform for users. In addition, the use of blockchain and smart contracts ensures the decentralization of the platform, enabling financial freedom and inclusivity for everyone.

The Platform Unique Features

Dynamic Staking: has introduced a novel Dynamic Staking mechanism that distinguishes it from previous DeFi efforts. Traditional staking models are based on total supply, while OGz allots 1% of the tax to the staking contract. This enables them to launch new staking pools based on user demand, guaranteeing a safe and profitable staking experience for the community.

Community-driven tax system: OGz takes a long-term and innovative strategy to ensuring the community’s continued growth and success. It features a 1% referral program that allows users to earn prizes for promoting new members. When a wallet uses a referral code to join the system, 1% of each trade they do is immediately remitted to the wallet that introduced them. This results in one of the most creative and long-term passive income strategies in the DeFi market.

Future Plans Vault: OGz has introduced the Future Plans Vault as part of their commitment to creating new solutions that match the demands of the market and consumers. They set aside 1% of the levy to fund future advancements, with an extra 1% set aside for non-referral customers. OGz stays in the forefront of the DeFi sector by taking this strategy, developing an innovative solutions that fuel development and success.

Governance and anti-cheating system: OGz has developed the first anti-cheating referral system to prevent individuals from re-creating a new wallet and using the referral system by adding themselves to obtain a competitive edge over others. Its governance features a dashboard where members of the community may discuss any suggestions prior to voting.

Affiliate program: OGz has an affiliate program that provides several options for earning money by recommending new members to the community. When new members join the community using an affiliate link and name, the referrer gets a 1% commission on each trade they make. The more people one invites to OGz, the more commission one may make.

TOKENOMICS

The Tokenomics of OGz platform are designed to create a sustainable and profitable ecosystem for its users. The transaction tax and dynamic staking model ensure that the platform can provide liquidity and staking rewards to users, while the referral rewards system incentivizes community growth. The allocation of tokens for marketing and development ensures that the platform can continue to grow and evolve, while the community allocation ensures that the platform is responsive to the needs and preferences of its users.

Token details

Token Name: OGZ

Token Type: ERC-20

Max Supply: 118, 000,001,000

Distribution

The token distribution is as follows:

60% of the tokens are allocated for liquidity provision

10% of the tokens are allocated for marketing and market making

3% of the tokens are allocated for the team

27% of the tokens are allocated for the community

Transaction Tax

A 10% transaction tax is applied on every buy and sell trade, which is then distributed as follows:

3% is allocated for the liquidity pool

1% is allocated for the staking contract

1% is allocated for referral rewards

5% is burned

Dynamic Staking: A 1% allocation of the transaction tax is used to fund the staking pools, which are announced based on user demand. This provides a secure and profitable staking experience for the community.

Referral Rewards: Whenever a wallet joins the system using a referral code, 1% of each trade they make is automatically transferred to the wallet that referred them, creating a passive income model for users.

Timeline From Meme to dream

February 2023

OGz Team

OGz was born

The groundwork was laid for a completely unique blockchain project that combines DeFi and Meme culture in a revolutionary way. We proudly call it MemeFi.

March 2023

Community

Solid collab, the crew’s on point

Our CEO acted as a conductor in assembling the most talented and dedicated team. It was like an Italian job, where our international team works towards achieving the best.

May 2023

Developments

Ready to go

After an exhilarating building process, we are ready to get to work. We are thrilled to introduce MemeFi OGz and its private sale round.

May 23, 2023

Launch

Are you ready, OGz?

Let’s set this place on fire. Spread the word to everyone, OGz has launched.

Conclusion

OGz is a decentralized finance (DeFi) platform that combines meme culture with a unique referral program, creating a sustainable passive income model that incentivizes community growth. It has a one-way referral system to prevent manipulation risks and promote a fair distribution of rewards. OGz has a tax system that supports the ecosystem’s growth and development, with collected taxes distributed to various parts of the OGz ecosystem. All processes are carried out on-chain, ensuring complete transparency, traceability, and decentralization.