{"id":"ofero-network","version":1,"language":"en","title":"Ofero Network ","hidden":false,"content":"**Ofero Network** (launched in 2021) is a decentralized platform based on the PoTT protocol (Proof of Trust and Transparency), built on the [MultiversX](https://iq.wiki/wiki/elrond) [blockchain](https://iq.wiki/wiki/blockchain) (previously [Elrond](https://iq.wiki/wiki/elrond)). Its goal is to empower individuals and businesses by leveraging the transformative potential of Web3 products.[\\[1\\]](#cite-id-g8vof9u78zt)[\\[2\\]](#cite-id-zj6jm25zhgg)  \n  \nOn January 27, 2023, Ofero Network announced that its native token, $OFE, is now available on Trust Wallet. Oferians can securely store and manage their $OFE tokens using the leading mobile crypto wallet. [\\[19\\]](#cite-id-fqjphfnrjwn)Additionally, on April 7, 2023, $OFE successfully migrated to the [Binance Blockchain](https://iq.wiki/wiki/binance-smart-chain).   \n$$widget0 [YOUTUBE@VID](rKYOHjxt_Dk)$$  \n  \n# Background  \n  \nThe name Ofero was invented in 2006 when the first marketing platform was launched and is now working on the [blockchain](https://iq.wiki/wiki/blockchain) ofero.ro[\\[6\\]](#cite-id-t1rqcfhyixn) It is a website that enables business-to-business socializing and deals, it serves as a google for businesses in Romania and works only in Romania, it has over 7,826 companies using the platform to advertise, and for them to advertise they have to purchase the platform token to pay for advertising and also get some benefit in the crypto space. Ofero is a name that came from the Romanian word '' To Offer Something''.  \n  \n# Overview  \n  \nAs a proof-of-trust and transparency platform, the project aims to encourage full transparency on financial reports, transactions, team wallets, project wallets, and relevant decision-making processes.  \n  \nThe team behind the [crypto](https://iq.wiki/wiki/cryptocurrency)-assets platform delivered compelling use cases for its technology, and the project received its first real-world funding a few months after its listing.  \n  \nOFE is used to assist companies in raising funds from [blockchain](https://iq.wiki/wiki/blockchain) communities and [crypto](https://iq.wiki/wiki/cryptocurrency) venture capital entities and generate passive income for retail or institutional investors.  \n  \nOfero was established in 2021. The listing on xExchange took place on April 7, 2022. During its first year of activity, the project established the technological infrastructure required to achieve its genesis goal. The launch of a DEX with an innovative sight-staking architecture was a turning point, and adoption pushed the OFE to the top of the MultiversX [blockchain](https://iq.wiki/wiki/blockchain).  \n  \nA customized KYC private platform built on the principles of trust and transparency ensures the stability and security of the holders' financial investments.  \n  \nThe combination of Defi and tokenized assets propels OFE to the top of the list of the MultiversX [blockchain](https://iq.wiki/wiki/blockchain).[\\[14\\]](#cite-id-zar5gtccrdc)[\\[15\\]](#cite-id-mgnidt8ul0i)[\\[16\\]](#cite-id-jtw8eirxv8b)  \n  \n# Tools  \n  \n### Ofero Market  \n  \nOfero market is a new tool dedicated to the [NFTs](https://iq.wiki/wiki/non-fungible-token-nft) of the ofero network ecosystem. It is a place where the Ofero Community members can explore, buy, and soon, trade [NFTs](https://iq.wiki/wiki/non-fungible-token-nft). The start is the Ofero Sports project, which launches the first [NFT](https://iq.wiki/wiki/non-fungible-token-nft).[\\[4\\]](#cite-id-1eylbmpzxe1j)  \n  \n### Ofero Exchange (OFE DEX)  \n  \nThe Ofero Exchange is a decentralized exchange (DEX) built on the MultiversX blockchain to enable users to have access to the $OFE token and other supported coins. It is a fast, simple, and safe Decentralized exchange that offers a lower trading fee. It also allows $OFE holders to view their staking in real-time.  \n  \nThe core utility of the OFE DEX is the staking architecture. Starting Q2 2023 willreal-timee $OFE [BEP-2](https://iq.wiki/wiki/binance-smart-chain)page speed Token from [BNB Chain](https://iq.wiki/wiki/binance-smart-chain) to OFE DEX.[\\[17\\]](#cite-id-1hsketkyyk8)  \n  \nThe Ofero DEX is considered to be the fastest DEX in the world according to pagespeed.web.dev.  \n  \n### Ofero Launchpad  \n  \nOfero also offers a token launch platform that assists block page speedups in raising funds for new projects. The first Ofero Launchpad will take place with the Evoload project most likely beginning of March 2023. It is an easy project to launch for Ofero Network due to its already formed community of holders. For $OFE this brings a new utility since EVLD will go public on OFE DEX.[\\[13\\]](#cite-id-al47taxlca)  \n  \n# $OFE  \n  \nThe Ofero token ($OFE) is the native [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) of the Ofero network, built on the MultiversX [POS (Proof of Stake)](https://iq.wiki/wiki/proof-of-stake) Blockchain and listed on the Maiar Exchange.  \n  \n$OFE is to be considered an index (such as S&P) of businesses based both on fiat (real-life businesses) and on crypto assets (businesses that generate tokens as payment (fees)  \n  \n## Ofero Token Distribution:  \n  \nThe Ofero Token will have a total supply of 450.000.000 de OFE. Its distribution is done on a pro-rata basis, as follows:  \n9% Team  \n16% - ASH Ventures  \n16% - hatOFF Ventures  \n26% - Circulating Supply + Exchange  \n11% - for Farming & Staking  \n7% - to Romanian Business owners registered on ofero.ro  \n5% - for Education and Marketing  \n10% - Reserved for World Wide Adoption Strategy.[\\[10\\]](#cite-id-md95r22xj69)  \n  \n#   \n  \n# Validators  \n  \nValidators must hold 50k $OFE in their wallet, no lock, no bond. Optionally they can validate other holders to enable the staking architecture, Sight Staking, on their wallets. Optionally Validatoget 3.6% APR reward for the total amount of the holdings in the wallets they validate.  \n  \nMoreover only validated wallets are eligible to migrate their tokens on BNB Chain, which launches on BNB Chain on the 7th of April 2023. Each validator will receive a reward equal to 0.1% of the total amount that will be transferred to the BNB Chain through the migration process.[\\[7\\]](#cite-id-lcbceshag1h)  \n  \n### How to become a Validator?  \n  \nTo become a Validator and be eligible to Validate other accounts, you must first own 50k OFE tokens. Contact a Team Member on the Telegram channel after that.  \n  \nValidators will only validate known users and will be required to make a video call or take a photo with the validated person to provide proof to the Ofero Network team if further verification is required.[\\[18\\]](#cite-id-rizvg2y9kie)  \n  \n#   \n  \n# BNB Chain Launch  \n  \nOn the 7th of April 2023, $OFE successfully migrated to the Binance Blockchain (BNB Chain). The launch price on [Binance](https://iq.wiki/wiki/binance) [Blockchain](https://iq.wiki/wiki/blockchain) ([BNB Chain](https://iq.wiki/wiki/binance-smart-chain)) was 1 BNB/\\~1600 OFE.  \n  \nOnly Validators and validated wallets were eligible to deposit $OFE in the migration [smart contract](https://iq.wiki/wiki/smart-contract).  \n  \nInvestors can migrate 20% out of the max 100.000 $OFE allowed. The rest of 80% will be locked for 6 months on the [MultiversX](https://iq.wiki/wiki/elrond) [Blockchain](https://iq.wiki/wiki/blockchain) with a release of 5% every 5 days.  \n  \nEach Validator gets a reward of 0.1% of the total amount transferred to [Binance](https://iq.wiki/wiki/binance) Blockchain.[\\[8\\]](#cite-id-f4149lus9j)  \n  \n# Partnership  \n  \n* Decentralized Club[\\[3\\]](#cite-id-srd8fihu2y9)  \n* MultiversX Sports Club  \n* Tiger’s Party Club  \n* Maiar DEX.  \n* e-Compass[\\[12\\]](#cite-id-dj8ccvqecq)  \n* MultiversX (Previously Elrond)  \n  \n# Team Members  \n  \nThe Ofero Network team is originally from Romania and they include:  \n  \n* [Adrian Vasiu](https://iq.wiki/wiki/adrian-vasiu) \\- Co\\-Founder & CEO  \n* Stefan Olaru - Co-Founder & CTO  \n* Gabriel Abrudan - CFO  \n* Bianca Grip - CMO  \n* Romeo Pop - CIO  \n* Andrei Stoia - Head of IT Support  \n* Adrian Tacaci - Network Expansion Manager  \n* Andrei Muscalu - UI & UX  \n* Ovidiu Popica - Event Operations Manager  \n* Florin Cojocaru - Senior Programmer  \n* Alex Barbu - Community Manager  \n* Lacrima Zara - Business Integration Support  \n* Lavinia Vinți - Legal Advisor  \n* Lavinia Tudor - Asset Insurance Consultant  \n* Alex Parausanu - Legal Advisor  \n* Alexandra Barbu - Business Integration Support  \n* Corneliu Antal - Brand Ambassador[\\[5\\]](#cite-id-kt53azem5b)  \n  \n# Roadmap  \n  \n## 1st Quarter 2022  \n  \n* Whitepaper Release  \n* Team Members Release  \n* Token Presale  \n* Partnership with esdt.market  \n* End of First Presale  \n* Second Presale Phase  \n  \n## 2nd Quarter 2022  \n  \n* $OFE xExchange Listing  \n* $OFE eCompass.io Listing  \n* Ofero Events Launch  \n* First Exclusive NFT Event  \n* $OFE Farming Program  \n* Ofero Launchpad Launch  \n* Ofero Market Launch  \n<br>  \n    ## 3rd Quarter 2022  \n    * $OFE Farming Rewards Distribution  \n    * Partnership with Crust Network  \n  \n    ## 4th Quarter 2022  \n  \n\\* Multichain Announcement  \n\\* Gamification & Trading Competition  \n\\* Migration to BNB Chain  \n\\* 8.4% APR Staking Reward Announcement  \n\\* $OFE on bscscan.com  \n\\* Ofero Network Aegis Launch  \n\\* 2022 Financial Report  \n  \n```  \n##   \n  \n## 1st Quarter 2023  \n  \n  \n* Privacy Updates on Private Platform  \n* New Blockchain Marketing Platform  \n* Aegis Earnings Update  \n* $OFE Top 3 Trading Volume on xExchange  \n* BNB Chain Update  \n* $OFE Listings (CoinMarketCap, CoinGecko, Crypto.com, Coinbase etc.)  \n* $OFE DEX Legacy Campaign  \n* $OFE on Trust Wallet  \n* $OFE on  \n* First 12 Aegises Launch  \n* Ofero Wallet Launch  \n* The Value Launch  \n* Ofero App Launch  \n  \n## 2nd Quarter 2023  \n* Blitz Presale on BNB Chain  \n* Distribution to Validators  \n*  \n    * End of Blitz Presale  \n    * Ofero Network BNB Chain Launch  \n    * Team Expansion  \n    * New Functionalities on Ofero Exchange  \n    * Strategic Partnerships  \n    * Ofero Meet Up  \n    * Liquidity Program Development  \n    * Ambassador Program Launch  \n  \n   \n  \n    ## 3rd Quarter 2023  \n  \n   \n    * Ofero Summit Bucharest 2023  \n    * New Official Website Launch  \n    * Cross-Chain Bridge Launch  \n    * Advisory Board Expansion  \n    * New Strategic Partnerships  \n  \n   \n  \n    ## 4th Quarter 2023  \n  \n   \n    * Ofero Network Mobile App   \n    * Governance System Introduction  \n    * Insurance Mechanism Introduction  \n    * Custom Blockchain Explorers & Data Visualization Tools Development  \n  \n    ## 1st Quarter 2024  \n    * DeFi Protocol Partnerships  \n    * Educational Platform Launch  \n    * Decentralized Voting Mechanism Implementation  \n  \n    ## 2nd Quarter 2024  \n    * CEX Listing  \n    * Market & Region Expansion  \n    * Annual Conference or Meetup  \n  \n    ## 3rd Quarter 2024  \n  \n   \n    * Research Division Establishment  \n  \n     Charity or Social Impact Fund Creation   \n```","summary":"Ofero Network is a decentralized platform built on the MultiversX blockchain, designed to empower individuals and businesses by leveraging the transformative potential of Web3 products.","categories":[{"id":"cryptocurrencies","title":"Cryptocurrencies"}],"promoted":0,"tags":[{"id":"Protocols"}],"metadata":[{"id":"references","value":"[{\"id\":\"g8vof9u78zt\",\"url\":\"https://twitter.com/oferonetwork\",\"description\":\"Info\",\"timestamp\":1674055693353},{\"id\":\"zj6jm25zhgg\",\"url\":\"https://ofero.network/\",\"description\":\"Info\",\"timestamp\":1674055707825},{\"id\":\"srd8fihu2y9\",\"url\":\"https://twitter.com/dens_club/status/161465952667817574\",\"description\":\"Info\",\"timestamp\":1674055750954},{\"id\":\"1eylbmpzxe1j\",\"url\":\"https://ofero.market/\",\"description\":\"Info\",\"timestamp\":1674056240131},{\"id\":\"kt53azem5b\",\"url\":\"https://ofero.network/team/\",\"description\":\"Info\",\"timestamp\":1674058169076},{\"id\":\"t1rqcfhyixn\",\"url\":\"https://ofero.ro/\",\"description\":\"Info\",\"timestamp\":1674074018320},{\"id\":\"lcbceshag1h\",\"url\":\"https://twitter.com/wtfrzv/status/1615438800834166784\",\"description\":\"Info\",\"timestamp\":1674102857811},{\"id\":\"f4149lus9j\",\"url\":\"https://t.me/oferonetworkannouncements\",\"description\":\"Info\",\"timestamp\":1674105180136},{\"id\":\"4b6z4vf137x\",\"url\":\"https://ofero.network/the-aegis/\",\"description\":\"Info\",\"timestamp\":1674105482828},{\"id\":\"md95r22xj69\",\"url\":\"https://ofero.network/\",\"description\":\"Info\",\"timestamp\":1674106700492},{\"id\":\"tzwa4o6d8re\",\"url\":\"https://ofero.network/documents/whitepaper.pdf\",\"description\":\"info\",\"timestamp\":1674120482630},{\"id\":\"dj8ccvqecq\",\"url\":\"https://e-compass.io\",\"description\":\"Info\",\"timestamp\":1674152018917},{\"id\":\"al47taxlca\",\"url\":\"https://oferolaunchpad.com/\",\"description\":\"Info\",\"timestamp\":1674249193215},{\"id\":\"zar5gtccrdc\",\"url\":\"https://ofero.network/faq/\",\"description\":\"Info\",\"timestamp\":1674249220874},{\"id\":\"mgnidt8ul0i\",\"url\":\"https://ofero.network/documents/whitepaper.pdf\",\"description\":\"Info\",\"timestamp\":1674249231308},{\"id\":\"jtw8eirxv8b\",\"url\":\"https://ofero.network/\",\"description\":\"Info\",\"timestamp\":1674249464580},{\"id\":\"1hsketkyyk8\",\"url\":\"https://ofero.exchange/\",\"description\":\"Info\",\"timestamp\":1674249488594},{\"id\":\"rizvg2y9kie\",\"url\":\"https://ofero.network/validator-information/\",\"description\":\"Info\",\"timestamp\":1674250670817},{\"id\":\"fqjphfnrjwn\",\"url\":\"https://twitter.com/oferonetwork/status/1618746180036608000?s=46&t=8olT2oJdIynuk82JkVZt7g\",\"description\":\"Info\",\"timestamp\":1674819176663}]"},{"id":"website","value":"https://ofero.network/"},{"id":"facebook_profile","value":"https://www.facebook.com/oferonetwork"},{"id":"instagram_profile","value":"https://www.instagram.com/oferonetwork/"},{"id":"twitter_profile","value":"https://twitter.com/oferonetwork"},{"id":"discord_profile","value":"https://discord.gg/PrKZpqbwk4"},{"id":"telegram_profile","value":"https://t.me/oferonetwork"},{"id":"github_profile","value":"https://github.com/oferonetwork/"},{"id":"coinmarketcap_url","value":"https://coinmarketcap.com/currencies/ofero-network/"},{"id":"coingecko_profile","value":"https://www.coingecko.com/en/coins/ofero"},{"id":"bscscan_profile","value":"https://bscscan.com/address/0x5A4212fAa21c7B4dD954E5F33F86C2575419a083"},{"id":"previous_cid","value":"QmayKT7oq3r7MTVwPJzX1dQjjjcDWYWaXNkCy6iTy7xkQm"}],"user":{"id":"0x2fE6aCD015384E1ee5138eF79fe1a434dA8FA12e"},"author":{"id":"0x2fE6aCD015384E1ee5138eF79fe1a434dA8FA12e","profile":{"username":"MIA","avatar":"QmQn29xmF91HqeJffVnsiU3b1qVQtMUi8d6vGVXEnjBhhN"}},"media":[{"name":"image","id":"QmdkMTPDAE269CnyWDmb8iCPDm4WVnxMD7vP9CooSQbDaV","size":"0.07","type":"GALLERY","source":"IPFS_IMG"},{"name":"image","id":"QmWf9csyqEKQHzmppbFoe5vZPjRVGxo7TwD49PMS8Bw5Be","size":"0.11","type":"GALLERY","source":"IPFS_IMG"},{"name":"S3w7Nbpzdg0","id":"https://www.youtube.com/watch?v=S3w7Nbpzdg0","size":"0","type":null,"source":"YOUTUBE"},{"name":"S6qq5-h5DNs","id":"https://www.youtube.com/watch?v=S6qq5-h5DNs","size":"0","type":null,"source":"YOUTUBE"},{"name":"wAhZMK8Ky5U","id":"https://www.youtube.com/watch?v=wAhZMK8Ky5U","size":"0","type":null,"source":"YOUTUBE"},{"name":"YhDuErx3Yck","id":"https://www.youtube.com/watch?v=YhDuErx3Yck","size":"0","type":null,"source":"YOUTUBE"},{"name":"photo_2023-01-27_15-39-26.jpg","id":"QmX3fjFaBC3nWuwRdX9bxwkAReNnyqPXzEjqssk19JxKfU","size":"0.06","type":"GALLERY","source":"IPFS_IMG"},{"name":"photo_2023-01-27_15-39-23.jpg","id":"QmNgGsfWF6htaQwhBvR7MzAcn5VagfQ9HQtZsPrvvY2jJh","size":"0.07","type":"GALLERY","source":"IPFS_IMG"},{"name":"rKYOHjxt_Dk","id":"https://www.youtube.com/watch?v=rKYOHjxt_Dk","size":"0","type":null,"source":"YOUTUBE"}],"views":323,"events":null,"ipfs":"QmayKT7oq3r7MTVwPJzX1dQjjjcDWYWaXNkCy6iTy7xkQm","transactionHash":"0x5bee9e626f00e9a7ab2f25d7be09e113b982feef9781f7a17a41fc37d8f1abb2","created":"2023-01-19T09:39:19.409Z","updated":"2023-04-22T14:49:18.833Z","images":[{"id":"QmSzPBHdYXFyDn5rUpKgcuiXh6rySWjm6hg8m8K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