OmniGas Token (OGAS)
The article begins by presenting the issues OmniGas Token is solving and continues with the proposed solution and the user’s benefits of using our product, system and token. We will keep it breaf. It won’t take you much time to understand Ethereum limitations of nowadays and how they could end. For more information about the token, the product, presale and DEX launch updates see the Contact Us section of this article. The entire team is moving fast towards MVP launch, so stay tuned!
Gas & Yield Farming Risks
Gas Farming
A new concept called Gas Farming was born to address the increasing gas prices. Using gas tokens the user can entirely (or partially) recover the fees spent on transactions made on the Ethereum network by simply holding gas token(s) in their wallet.
The fees are recovered in the form of cash-back payed back in the respective gas token(s) the users are holding. When a user possesses at least two different gas token types, the combined reward percentage they are eligible to, exceeds 100%, hence the term Gas Farming.
However, the lack of statistics and profitability insights regarding gas farming made it not inefficient if not impossible for the user to get the maximum benefits from this solution.
Yield Farming
Yield farming can be incredibly complex and carries significant financial risk for both borrowers and lenders.
The staking mechanism opposes the very core idea of blockchain — empowering the user. By locking users’ tokens, they are made unable to control their own money until the staking period ends.
Additionally, Yield Farming is usually subject to high network gas fees, and worthwhile only if thousands of dollars are provided as capital.
What is OGAS?
OGAS token is an ERC20 compatible token, built on the Ethereum blockchain which strives to mitigate the issues aroused from the evolution of both Yield Farming and Gas Farming concepts.
It is the first token of its kind to combine the benefits of both worlds, borrowing the advantages, while discarding the drawbacks of both concepts.
What are the benefits?
High yields every 14 days
OGAS token powers the OmniGas Yields reward system which provides recurring yields on every harvest period. Higher gas fees won’t bother anymore.
No staking needed
OGAS token avoids staking mechanism from conventional Yield Farming, empowering the user to be in charge of their money at any given time.
Adaptability to market conditions
Compared to conventional Yield Farming where users are usually required to stake (lock) their tokens between 3–12 months, OGAS token improves user’s flexibility and reaction time to changing market conditions with short spanned harvest periods.
Compound returns
OGAS token provides compound returns which accelerate the increase of portfolio’s value.
10% biweekly = 21% monthly = 1191.8% yearly
OGAS token improves on the Yield Farming’s idea of yield generation providing incredible return percentages of up to 10% per harvest period which translates into returns of 21% per month, unheard of in traditional banking systems.
Powerful statistics
OGAS token powers the OmniGas Statistics aggregator, which delivers a unified, cohesive and user friendly DApp for gas farmers, finally enabling them to track their returns, profitability rates and spot investment or rebalancing opportunities via complex aggregate statistics and insights made simple.
OGAS Yields
The chart below presents a profitability projection (assuming constant price) over 1 year considering an initial investment of 1000$ (equaling 33.3 OGAS at presale price). After one year, the portfolio has increased by 1,191.8% reaching 11,918.1$, from which pure profit is 10,918.1$ (or 363.94 OGAS).
Eligibility rules:
We developed two straightforward tiers based on which the rewards are distributed:
- BULL — every user who holds 1000$ or more, worth of OGAS in their wallet will receive an additional 10% of their investment every 14 days
- FARMER — every user who holds less than 1000$ worth of OGAS in their wallet will receive an additional 5% of their investment every 14 days
Tokenomics
How to Invest?
Presale will take place on Safu Investments platform at 30$ for 1 OGAS. The Uniswap exchange listing will be done immediately after the presale ends. The entire team is moving fast towards MVP launch, so stay tuned!
Contacts Us
Communication:
Telegram (Announcements channel):
https://t.me/OmniGas_TokenTelegram (Community chat):
https://t.me/omnigas_communitySocial:
Twitter:
https://twitter.com/OGAS_Token
