OORT announces large-scale token burn and the全新 launch of OORT Earn
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OORT announces large-scale token burn and the全新 launch of OORT Earn
OORT is a decentralized cloud for privacy and cost savings that integrates global computing and storage resources to deliver AI solutions, enhancing business operations.
Navigating Web3 tides with focused insightsOn February 8, 2024, the OORT Foundation announced a series of strategic initiatives aimed at significantly enhancing its ecosystem and delivering greater value to participants. These initiatives include the burning of over one million OORT tokens, a major partnership with DeFi pioneer Poolz, and the launch of OORT Earn, a new engagement platform.
By staking OORT tokens, users can enjoy annual percentage yields (APY), exclusive airdrops from OORT partner projects, early access to products within the OORT ecosystem, receive OORT merchandise, participate in project development, and more community benefits.
Token Burning to Strengthen Market Confidence
To strengthen market confidence and increase the intrinsic value of its token, the OORT Foundation burned over one million OORT tokens on the evening of February 7, New York time. This action is part of the Foundation’s strategy to use up to 30% of its quarterly revenue for OORT token buybacks, reflecting its commitment to a well-designed tokenomics model and the long-term appreciation of the OORT token.
OORT Earn – New Token Staking and Airdrop Platform
OORT Earn introduces flexible staking options offering APYs of 5%, 10%, 15%, and 20% for daily, 3-month, 6-month, and 12-month staking periods. The platform also provides users with exclusive airdrop rewards from OORT ecosystem partners—higher staking amounts unlock larger airdrop allocations. This not only safeguards user interests but also deepens collaboration with ecosystem partners, further enhancing the value and utility of the OORT token.
Strategic Partnership with Poolz
Poolz has received the first grant from the OORT Foundation to accelerate the development of OORT-based projects. The partnership aims to simplify user participation in token launches and DeFi initiatives.
Seamless Integration
Poolz Finance will achieve seamless integration with OORT, enabling users to participate in Initial DEX Offerings (IDO) and claim tokens using OORT, providing a smooth experience for those engaging in token launches and DeFi projects.
Joint Project Funding
Projects choosing to build on the OORT platform will have the opportunity to receive joint funding from both Poolz Finance and OORT, aiming to encourage innovation and rapidly advance breakthrough projects.
Poolz Ventures Investment
Poolz Ventures will actively invest in early-stage projects developed on OORT. This strategic funding aims to support high-potential projects and help them grow quickly within the DeFi ecosystem.
Cross-Chain Compatibility
Combining Poolz's cross-chain capabilities with OORT’s decentralized cloud platform, this partnership opens new pathways for users to interact across multiple blockchain ecosystems.
Marketing Synergy
Poolz Finance and OORT will collaborate on joint marketing campaigns to expand OORT’s reach, offering users rich promotional activities and educational content.
About OORT:
OORT is a privacy-focused, cost-efficient decentralized cloud. By integrating global computing and storage resources, we deliver AI-powered solutions to enhance business operations.
To learn more about OORT and its innovative products, visit OORT’s official website.
Stay connected with OORT: Engage with OORT through our official channels to stay updated on the latest developments and opportunities. Follow us on Twitter, join our Telegram channel, and connect with us on LinkedIn, GitHub, and other social platforms for comprehensive updates and community discussions.
For more details about OORT Earn and to explore the benefits of the OORT ecosystem, please visit our Foundation website.
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