What You Need To Know About Oxya Origin’s $OXYZ Token Listing?

The team behind Oxya Origins, a blockchain-based gaming ecosystem, has announced the token generation event for its native $OXYZ on December 19, at 11 AM UTC. In a player-driven universe, the innovative gaming platform establishes communications between games, players, and token economies across blockchains. 

Here is everything you need to know about the $OXYZ token before officially launching. 

What Is The $OXYZ Token?

$OXYZ lies at the core of Oxya Origin’s interconnected gaming ecosystem. The token is designed to transform how players interact with each game and asset, with a variety of use cases that reward active players as they play the game titles across Oxya Origin’s story-driven universe. 

Oxya users can use OXYZ to purchase new NFT collections, including game avatars, lands, character skins, and other digital assets supported by the ecosystem. The tokens can also be spent on items listed in the in-game stores. OXYZ holders also get access to exclusive in-game content and seasonal Battle Passes, giving them entry into special events and launches. 

The token is also used to mint crafted assets, and even if the player or user chooses to pay the fee in Oxya’s earnable token, $OXYAGEM, it will still be converted into $OXYZ during the transaction. All tokens collected from minting NFTs are burned. Meanwhile, spending OXYZ speeds up the time it takes to upgrade or craft an asset and instantly unlocks Battle Pass ranks in the game. 

Oxya’s marketplace will offer support for OXYA as soon as it is launched. The token is also expected to be listed on leading crypto exchanges and supported on other NFT platforms shortly, with a small percentage of each transaction distributed to the project’s Vault. 

Oxya Origins Will Send All Spent Tokens To Project Treasury, Who Will Decide Its Purpose 

The ERC-20 token has a total supply of 1 billion and is being issued by Immutable X’s zero-knowledge-proof EVM technology on the Ethereum blockchain, for maximum scalability and security. To sustain OXYK’s value, Oxya has introduced a mechanism where the spent tokens are sent to a Vault, which is the platform’s treasury, managed by the OXYA Federation. 

This federation is a decentralized autonomous organization, whose members will vote to decide how the tokens collected in the Vault will be allocated. These decisions can vary from whether they will be used for supporting the ecosystem, providing liquidity to a new exchange, or escrowing. 

To protect the Vault from any security breaches, Oxya has stored 75% of the reserve on a “fully auditable wallet” that can be viewed publicly, and the remaining assets will be distributed across multiple “hidden” wallets accessible to core team members. 

OKYZ’s 1 billion supply is spread across 13 allocations that do not include any team token unlocking during the token generation event (TGE). However, 4% of the supply allocated for the Oxya Origins marketing department looks set to be released into the market on December 19. 

The TGE offers early access to the OKYZ token, which is tied to a thriving blockchain-gaming ecosystem, with the potential for significant growth as the play-to-earn market expands. Oxya Origin has already demonstrated its prowess as a credible digital asset project, registering $7 million in NFT sales that have a trading volume of 13,000 ETH ($48.1 million) on secondary marketplaces. 

While the OKYZ token launch has stolen the headlines, it is the Alpha release of the Road to Genesis game that caught the attention of developers. This game, set in a sci-fi universe, challenges players to explore dungeons filled with enemies and hidden treasures. Moreover, Epic Games is set to launch its game store on Oxya Origin. 

Whether you are a crypto investor looking for the next big opportunity in the market or a gamer seeking new and immersive gaming experiences, Oxya Origin offers players unparalleled opportunities. Stay tuned for more information on the OXYZ token and its native gaming ecosystem.