Kinso
6 min readJun 17, 2023

OGZ CLUB: UNVEILING THE PATHWAY TO LIFETIME RESIDUAL EARNINGS"

INTRODUCTION

MemeFi is an amazing and creative idea that combines the DeFi ecosystem with the well-known and amusing Meme culture. Utilizing Memes as a marketing strategy seeks to make DeFi more accessible to a larger audience. MemeFi promotes community participation and creativity, creating a more open and community-driven DeFi ecosystem. It provides a variety of DeFi goods and services, such as lending, borrowing, trading, staking, and yield farming. The ultimate objective of MemeFi is to make DeFi available, lucrative, and fun for all parties concerned. Due to its innovative strategy, MemeFi can transform the DeFi industry and draw in a new group of investors.

I'll talk about the OGz club in this article because it is the first and only MemeFi initiative that aims to build a thriving community by fusing the popular meme culture with DeFi.

DESCRIPTION OF THE OGZ CLUB PROJECT

The innovative platform OGZ Club aims to develop a unique environment that promotes the development of a just and inclusive financial system by fusing the DeFi and meme culture. OGZ is committed to changing the DeFi environment and making it available to everyone, regardless of their technical proficiency or financial expertise, by utilizing blockchain technology’s strength and Meme culture’s innovation. The objective is to establish a more democratic financial system with fair opportunities for everyone. This platform has the power to transform the way we think about money and grant actual financial independence to people all across the world. You can take charge of your money with OGZ and join a group of people who appreciate creativity.

The OGz ecosystem has been created with an innovative referral & governance system that enables sustainable growth for each OG member and the ecosystem as a whole.

FEATURES OF THE OGZ PLATFORM

  • Anti-cheating mechanism: This system stops people from making new wallets or using the referral system to add themselves to gain a competitive advantage
  • Security: The OGz team continually works to enhance the platform’s safety and security features and is committed to upholding an entirely open, decentralized ecosystem.
  • Dynamic staking: OGz MemeFi is mindful of the advantages and risks of staking. To ease these concerns, they created an innovative Dynamic Staking process that sets them apart from the competitors. In contrast to traditional staking methods, which depend on the total supply, the OGz platform allocates 1% of the tax to the staking contract. This allows them to respond to customer demand by introducing a range of staking pools, providing the ecosystem with a secure and profitable staking experience. Using this novel strategy, they can offer an adaptable and sustainable staking system, assuring the platform’s longevity in the long run.
  • Referral program: One of the OGz platform’s unique characteristics is its referral program. Users who refer others to the OGz community receive compensation through the referral program. An existing OGz member will receive a referral bonus in OGz tokens for each trade completed when they introduce a new user through their special referral link, and the new user makes trades (buying and selling tokens). Unlike centralized referral networks, when two users (wallets) recommend one another, their smart contracts are permanently linked and locked to one another. The wallet that refers to another wallet receives 1% of every trade made by a wallet that joins the system using a referral code. As a result, one of the most innovative and durable passive income models has ever been created. This function develops a sustainable passive income model that encourages neighborhood development.
  • Governance: The governance has a dashboard where the community can discuss each proposal before voting.
  • Tax system: The OGz tax structure is designed to encourage the expansion and development of the OGz ecosystem. Every transaction a user conducts on the OGz Dex platforms carries a tax of 8% of the transaction amount. The tax is distributed among the various OGz ecosystem components, with 3% going to the team, 2% to marketing, 1% to dynamic staking, 1% to non-referral users, and 1% to the future plans vault. If a wallet that executes a deal does not have a referral code, the 1% that would have been allocated as a referral incentive is instantly transferred to the Future Plans Vault.

MARKETING STRATEGY:

OGz employs a robust marketing strategy supported by a team of experienced professionals dedicated and committed to ensuring the sustainability and growth of the ecosystem. Their efforts focus on enhancing visibility, attracting new users, and driving adoption. To support these activities, 0.3% of the selling tax is allocated specifically for marketing initiatives.

OGZ TAX DISTRIBUTION

OGz implements a tax distribution system where various percentages are allocated to different aspects. The breakdown is as follows: 1% is given as referral rewards, 0.5% is dedicated to dynamic staking during token sales, 0.2% is reserved for the Future Plans Vault during token sales, and 0.3% is used for marketing purposes. The referral rewards incentivize individuals who bring in new participants. Dynamic staking allows token holders to earn additional rewards, while the Future Plans Vault sets aside funds for future development. The marketing allocation is utilized to promote the OGz project. These percentages and functionalities are specific to OGz and are only applicable during token sales, emphasizing the project’s focus on referrals, staking, future plans, and marketing efforts

FOCUSED ON THE FUTURE:

OGZ is committed to remaining at the forefront of the rapidly evolving DeFi space. By offering innovative solutions that address market needs, OGZ aims to drive growth and success for the community. To facilitate ongoing development, 0.2% of the selling tax is allocated for future advancements, while 0.1% is reserved for non-referral users.

SMART CONTRACT AUDIT

OGz Club places utmost importance on security and employs thorough measures to safeguard its platform and user assets. A key aspect of ensuring the highest level of security involves conducting comprehensive security assessments.

These assessments are carried out by esteemed and independent security firms specializing in blockchain and smart contract security. By subjecting its systems to meticulous testing and analysis, OGz Club diligently identifies and addresses any potential vulnerabilities or weaknesses in its infrastructure.

Through these proactive initiatives, OGz Club unequivocally showcases its dedication to providing a secure environment for its community. By collaborating with trusted auditors, they effectively mitigate potential risks and uphold the protection of user funds.

UNLOCKING EARNING POTENTIAL WITH THE OGZ REFERRAL PROGRAM

Discover a simple way to access endless opportunities for income generation with the OGZ referral program. You can start earning rewards immediately by joining the community, connecting your wallet, and obtaining a unique referral link and username.

Participating in the program is straightforward. Spread the word about the OGz project and invite new members to join the community through your affiliate link. Please encourage others to begin their journey, which contributes to the growth of the OGz community, while you earn rewards for your efforts.

Tracking your earnings is hassle-free with the project’s online tools. Users receive their rewards directly to their wallets, allowing for withdrawal anytime. This way, you can enjoy the benefits of your hard work and contribution to the platform.

TOKENOMICS

  • TOKEN NAME: OGZ CLUB TOKEN
  • TOKEN TICKER: OGz
  • BLOCKCHAIN NETWORK: ETH/BSC
  • TOTAL SUPPLY: 118,000,000,000
  • SMART CONTRACT: 0xB7BDa6a89e724f63572Ce68FdDc1a6d1d5D24BCf

DISTRIBUTION OF TOKENS

SUMMARY

OGz is the sole MemeFi project that aims to integrate the influence of memes into the DeFi ecosystem. With this unique concept, OGz hopes to develop a more user-friendly and interesting DeFi platform that will be profitable and entertaining. To create a more inclusive and community-driven DeFi ecosystem that encourages cooperation and collaboration among its members, OGz plans to capitalize on the imaginative and amusing aspects of memes.

More details on ogz can be seen below;

Author’s details

Writer: kinso
Forum Username: shazam90
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Kinso

Don’t annoy short people, they can easily pick stones.