Frozen NFT Mechanism
Last updated
Last updated
Freeze is a new mechanism that the OzOzOz team has developed. This mechanism has been developed from the term “stake”. “stake” is a term that aims for users to deposit their NFT to a smart contract and receive some kind of token following the APY/APR that projects provided. These tokens may be unstable and very easy to be inflated. Hence, we developed a new mechanism based on the idea of “stake” and solved all the problems of “stake” but still kept the advantages of it self.
So, what exactly can Freeze do ? Freeze NFTs is the action that you deposit your OzOzOz NFTs to our Smart contract. In return, you can claim your reward. Which comes from the Revenue of the OzOzOz platform and other kinds of Fee that OzOzOz has charged on our Platform and Coollectionz. We give you a stable percentage of these fee as a floating percentage. The Floating percentage will adapt to the situation of the market and other critical elements to make sure that Freezers will have stable kind of money when Freezing in our platform.
OzOzOz is mainly run on Aptos. Aptos' high TPS and low fee blockchain made it ideal for “Freezing” NFTs. It is not difficult for developers to launch a Freezing program. It's also not too difficult for holders to press "Freeze."
As more people Freeze an OzOzOz NFT (sometimes for an extended period of time, such as 14 days), the total number of NFTs listed on OzOzOz decreases. A limited supply creates the impression that a Coollectionz is in high demand. And as there is less sell pressure, the floor price rises. Freezing is also linked to passive income. Passive means you don't have to do much to earn money. And, let's face it, if you're trading NFTs, you're looking for ways to make money. Tables of ROI, on the other hand, can be deceptive.
Freezing OzOzOz on our platform will bring holders lots of profit in both short-term and long-term, such as:
Royalties from every OzOzOz NFT will be distributed equally to OzOzOz Freezers.
Every Coollectionz launched on the OzOzOz Launchpad will be applied a small OzOzOz fee (Estimated 0-5%). this amount fee will be distributed to OzOzOz Freezers equally.
Every Coollectionz listed on our Marketplace will be charged a 2,5% Market Fee when a transaction of buy and sell happens. This Fee will also be distributed to OzOzOz Freezers equally.
Frozen rewards will be displayed as ozAPT. You can withdraw ozAPT into APT into your wallet by Claiming the reward. Or you can also use your ozAPT to Lock into our pool to increase your Oz token purchase limit. ozAPT points will be reward points for Frozen reward. When Freezers claim their reward, our Smart-contract will automatically transfer APT to users without having to do any further transactions.
1 ozAPT = 1 $APT
You can withdraw ozAPT rewards after locking into our pool, but you will lose the right to buy $Oz tokens in the future. Keep in mind that this is the only way for Retail investors to participate in the private round.
