Summary of the Twitter space hosted by @xSpac3s on the 29th of March 2023.

Title: Ofero Network building on MVX: Interview

Moderator: @xSpac3s and @DBCrypt0

Speakers: @adrianvasiu

Duration: Approximately 1h 26minutes

Summary:

• At 5:40 into the space, the space officially began with an introduction from @xSpac3s, who served as the host. He provided a brief overview of Ofero Network and introduced our CEO.

• At the 7:30 mark of the Twitter Space, Adrian Vasiu, our CEO, introduced himself and shared his story of how he got started in the crypto community. He shared that his first experience with Bitcoin was when he purchased it and how he eventually found himself in the builder side of the industry alongside Stefan Olaru. Adrian also took the opportunity to give an introduction to what Ofero Network is and what it was created for.

• During the Twitter Space, Adrian Vasiu, provided a comprehensive breakdown of the products available within the ecosystem. Between the 14:30 and 30-minute mark, Adrian introduced the seven use cases, which he referred to as "A very lite paper." He discussed the benefits of using the ofero.app tool and provided examples of how it can be used. He also talked about the concert that took place on May 8, 2022, and how some of the services, such as the ticket purchase, were paid for using $OFE.

  Adrian also touched on Crypto Insurance, provided by Aegis Entity, and how $OFE provides insurance policies to its holders in case of any fund losses, and how it works. He further talked about the Sight Staking program, a groundbreaking staking program that yields rewards through the Value. This program is a no lock, no bond staking method, and Adrian discussed its benefits.

  At the 27:36-minute mark, Adrian talked about Ofero Network being a gateway for businesses to enter the blockchain world. He also talked about the Validation Platform, which is used as an independent KYC platform. Overall, Adrian's presentation provided valuable insights into the various products and services available within the Ofero Network ecosystem.

• At 30:52, Adrian Vasiu discussed the Asset-based ecosystem, which was how Ofero Network started. He explained how the network owns a stone quarry, and the profits from it go to $OFE holders in the form of staking. Adrian also talked about the ofero.exchange and its various use cases. He further explained how the exchange was designed, making it different from other exchanges.

• At the 35 to the 50-minute mark, Adrian Vasiu answered questions from the hosts. He was asked about the size of the team, the priority of Ofero's use cases, the top 10 tokens in MVX, and what sets Ofero apart from its competitors. Adrian also talked about Ofero Network's Proof of Trust & Transparency and addressed the accusations made by some Twitter accounts regarding trading bots through an on-chain analysis conducted by @xFoudres. He further discussed the wallet used to issue the $OFE token, which became the wallet of the CTO (Stefan Olaru), and how they identified the owner of the wallet that funded the bots and asked him to stop.

• At the 51-minute mark of the Twitter Space, Adrian Vasiu discussed liquidity and how some investors approached him expressing their desire to sell a large part of their holdings. As a result, the team lowered the liquidity of the project, which led to a widening price impact and spread, ultimately increasing fees, and distributing it to $OFE holders. Adrian emphasized the importance of conducting an audit, which is why he enlisted xFoudres to audit the project and rid them of any skeletons, as Ofero Network is about to move to the next level.

  At the 1-hour mark, Adrian talked about the next steps for Ofero Network, such as the employee benefits program for companies, which he believes is an essential part of ensuring employee satisfaction. He also talked about the upcoming migration to the Binance Smart Chain (BSC) and its benefits for early investors.

• Adrian Vasiu answered questions from the community within the 1:05 hour mark of the Twitter space. The questions mostly revolved around the upcoming Binance chain migration happening on the 7th of April, and how Ofero plans to stabilize the price on both chains. Adrian clarified that he and the team do not have the right to stabilize any price since it is a public token and cannot be controlled by them. Instead, he explained that price stabilization will happen through arbitrage done by the community.

  Adrian also answered other questions from the community, such as the roadmap for the BNB chain and how to price insurance policies. Additionally, he talked about why Ofero chose to work with MultiversX and BSC.

• As the Twitter Space came to an end, Adrian, shared his final thoughts on the discussion. He also reiterated the company's commitment to transparency and trust and thanked xSpac3s for hosting the Twitter Space.

  xSpac3s, the host, also shared his final thoughts on the discussion. He commended Adrian for the comprehensive breakdown of the Ofero Network products and services and for answering the community's questions.

Prizes Distributed

At the end of the space, 4 members of the community went home with a share of 5K $OFE (1,250 OFE each) for the Best Question & Most Active, and also 3 random members of the community.

Upcoming AMA

Join us today, April 5th 2023 for another exciting AMA where we will discuss “PRESALE - OFE on BNB Chain” at 5 UTC (8 pm Romanian Time).