O2(Oxygen) Token ECOSYSTEM
Last updated
Last updated
Diversifying the Utilization of O2 Token
Function as a means of purchasing and participating in profitable NFT (P2E) to build and expand O2 LINK Free WiFi Zone.
O2 Makers LLC. and iFree1 have been striving to expand the Free Wifi Zone in express buses nationwide and in urban centers such as Seoul, Incheon, and Hongseong over the past few years.
Currently, more than 10 million users are beneficiaries of the free Internet without any inconvenience, and the newly launched O2 LINK DAPP is providing O2 tokens as rewards for various activities such as watching advertisements, participating in surveys, and purchasing products.
Thanks to this, in order to further improve the spread of O2 LINK infrastructure supply and to realize the expansion of the decentralized network ecosystem, we will actively introduce a so-called P2E (Provide to Earn) system that blocks specific O2 LINK ZONE with several pieces of NFT to encourage individuals and companies to participate and compensate various derived profits with O2 tokens.
Participants participating in the O2 LINK NFT project as holders will receive compensation proportional to the number of users and platform profits on a monthly basis, and will receive compensation for maximizing profitable value in addition to the psychological satisfaction of contributing to the spread of the free Wi-Fi ecosystem.
Function as a base token that shares benefits with the services of various advertisers and companies participating in the O2 LINK project.
The O2 LINK project is carried out first, focusing on users in building a token ecosystem. O2 tokens are provided as compensation when participating as advertising consumers through O2 LINK Wi-Fi service 21 O2 Token White Paper O2 Token ECOSYSTEM and platform, and O2 tokens are also provided as activity compensation to actual users such as application marketing and Lucky Box.
The O2 token can be used as a means of using platform services and paying monthly advertising expenses as well as asset liquidity services through domestic and foreign exchanges, and can also be used as a means of purchasing vouchers for mega sports events and K-POP cultural events hosted by the O2 project team.
Furthermore, in order to maximize the satisfaction and bond of various participants who agree with the purpose of the project of decentralization and encourage together, a separate DAPP service that contributes, sponsors, or restores a certain portion of token compensation will be activated.
This will function as a new type of private-led regional solidarity project that maximizes satisfaction while costing less than conventional government-led local currency and local revitalization projects for local governments and local residents in the O2 LINK infrastructure construction area.
Founder&Team
Our token is classified into Founder (20%) and Team (10%) categories. 50% of the tokens assigned to the Founders (10% of the total token amount) will be burned in stages based on the operational status of the token ecosystem. This will activate the token's DAO, gradually reducing the role of the Founders and contributing to the decentralization of policy decision-making.
Treasury
A certain portion of various payment fees generated in the O2 Token ecosystem will be burned by the Founders, and the accumulated amount will be stored in the Treasury. The amount of the accumulated Treasury will steadily increase as more O2 Token holders come onboard. Once decentralization has progressed sufficiently through the gradual increase in the number of O2 Token holders, the stakers of O2 Tokens will manage the Treasury. This will provide value to the stakers who use and hold O2 Tokens.
O2 Token stakers will decide on the distribution or utilization of the Treasury through their votes in the DAO. This point is reached when the promised Founder amount is completely burned and accumulated in the Treasury.
VP (Voting Power)
VP stands for voting power in the DAO, and participants can exercise their voting power equal to the amount of VP they own regarding proposals submitted to the DAO. The participant's VP is determined by the amount of O2 tokens they own at the time the vote is submitted on the blockchain. If a proposal receives the approval of a majority of the votes, the proposal is implemented in the ecosystem. All transactions related to this are published on the blockchain.
