ozAPT Points

1 ozAPT = 1 $APT

ozAPT Points is a type of point that can only be used within the OzOzOz ecosystem and cannot be withdrawn to the wallet as a token. The ozAPT score will have a 1:1 peg with $APT. The ozAPT Points works as follows:

  • 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.

  • When we launch the $Oz token we will allow users to buy the $Oz token with ozAPT at the Private round price. Each user has a unique limit to be able to use ozAPT to buy $Oz tokens. Users can increase their limit by locking ozAPT and our pool. The more ozAPT you lock, the longer you lock, and the higher your limit will be. This limit can also be increased by the referral mechanism.

  • When a user is Locking their ozAPT in our pool, they still can unlock it at any time they want. However, if they Unlock it, they will lose the equivalent % amount of $Oz token buying limit. For example, withdrawing 53% of ozAPT from the Lock pool will make the $Oz token buying limit decrease by 53%.

  • 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.

*Note: The Private Round is for Ventures Capital. However, with the ozAPT lock mechanism to increase the limit to buy Oz tokens with ozAPT, this is the only way for Retail Investors to buy Oz tokens at the Private round price.

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