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When will the Ozone Chain (OZO) coin be released?
Phase 1 of the OZO coin release, including the public seed round and initial exchange offering (IEO), is scheduled to occur in Q3 2023, marking a significant milestone in the Ozone Chain project's development.
Dec 16, 2024 at 04:12 am
When Will the Ozone Chain (OZO) Coin be Released?
The Ozone Chain (OZO) is a next-generation Proof-of-Stake (PoS) blockchain protocol specifically designed to address the limitations of existing blockchain networks. It is being developed by a team of experienced blockchain engineers and aims to set new standards for scalability, security, and interoperability.
Planned Coin Release Schedule:
The OZO token release schedule is strategic and designed to align with the project's development milestones, as follows:
- Phase 1: Public seed round and initial exchange offering (IEO).
- Phase 2: Private sale and strategic partnerships.
- Phase 3: Ecosystem development and community growth.
Coin Release Timeline:
- Seed Round: Q3 2023.
- IEO: Q4 2023.
The exact timing of the coin release within each phase will be announced closer to the event date.
Benefits of OZO Coin:
- Governance: OZO holders will have voting rights on key network decisions, ensuring the project remains community-driven.
- Staking Rewards: OZO can be staked to earn rewards, incentivizing network participation and security.
- Transaction Fees: OZO will be used as the native transaction fee for operations on the Ozone Chain, providing economic incentives to maintain the network.
- Ecosystem Funding: Revenue generated through transaction fees will be dedicated to funding platform development and initiatives that benefit the OZO ecosystem.
Additional Information:
- The total supply of OZO is capped at 1 billion.
- OZO is built upon a consensus mechanism called Delegated Proof-of-Stake (DPoS), which ensures high throughput and consensus finality.
- The OZO team is actively working on ecosystem development, strategic partnerships, and community outreach to drive adoption.
By addressing the scalability, security, and interoperability limitations of existing blockchain networks, the Ozone Chain (OZO) aims to revolutionize the blockchain industry. Its planned coin release schedule aligns with the project's key milestones and aims to foster a vibrant community and ecosystem around the project.
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