OZEX cooperation with Ruby-x.io

OZEX
OZEX
Published in
3 min readSep 23, 2018

Hello everyone, This is OZEX CP Ryan.

First of all, I would like to apologize for the disappointment. This serious decline of OZX seems to be mainly due to the fact that the initial private sale volume has made its fallen prices.

We understand that you have a lot of disappointment, but please bear in mind that we have just ended ICO and listing for the first time, the OZEX company itself has decided not to interfere with the market. As you already know, OZEX has been working on a Mainnet design with the decision that it is not appropriate to stay on the Etherium network as a token that should be followed by a large number of airdrops.

However, OZEX is now working with Ruby-X to be listed on Ruby exchange(ruby-x.io) and develop the OZEX wallet and also ICO platform in Ruby-X.

The plans drawn up to now are as follows.

- Transfer OZEX mainnet platform design to Ruby-x
- Developed ICO platform under ico.ruby-x.io domain (OZEX only manages ICO platform)
- ICO projects can raise funds with OZEX and RUBY (as currencies)
- OZEX token can be deposited from October 3, 2018, on Ruby-X
- October 7, 2018, OZEX token Ruby-X trade available (OZX / ETH)
- Withdraw from OZEX Token on Ruby-X from October 10, 2018
- After completing Mainnet (Ruby Ring) development with Ruby, OZEX will be transferred to token of Ruby main net.
- Until then, airdrop tokens(new tokens) are paid out within the Ruby platform and use the Ruby-X system.
- We plan to use RUBY’s KYC system.
- OZEX is a token for airdrop against reserve amount so that LockUP function will be newly installed.
- Early blueprint of design release at the end of October
- Initial function release end of November
- ICO platform launched in January next year

With Ruby’s PAMM feature, fund managers will be able to raise money and participate in ICO as well.

After this coinbene ‘incident’ the OZEX team was also embarrassed and shocked. The OZEX Tokenomics design and private sale had been over before the current OZEX team entered OZEX Crypto Business, and we have re-issued the OZEX token as OZEX to OZX, but we could not prevent this issue, we sincerely apologize for any inconvenience.

Our team members are sincerely sorry and having responsible from the damages of our token sale participants currently having.
Revolution Team, which had made private sales, handed over all authorities to OZEX, and also we will now no longer to have any protections to private participants and at some point, Private sale participants will be asked KYC.

The OZEX team will monitor all OZX deposits into Ruby, and will ask Ruby KYC and OZEX KYC at the same time if there is a problem (or may cause a problem). This project is not for only private participants. Although the mistake of the company that could not manage this issue properly, we will mobilize all means and methods from now on to get to it fixed. It may go through the harshly and thoroughly for some.

More than 3,000 OZEX holders around the world (and maybe more), Please believe in us, that we will move fast and make it done correctly.

I was distressed by the fact that those who sold tens of millions ozx, and make posts on online communities that he made profits out of it, If you think the company will not respond to anything, I will show you from now on.

Thank you.

--

--