# OXO TOKEN

The OXO token is the native utility token of the Oxo Network ecosystem. It plays a vital role in facilitating transactions, incentivizing network participants, and driving the growth and adoption of the platform.

Token Distribution:

The total supply of OXO tokens is set at 100,000,000. The distribution of tokens is as follows:

* Liquidity: 60,000,000 OXO tokens are allocated for liquidity provision to ensure sufficient liquidity on supported exchanges and decentralized exchanges (DEXs).
* Staking: 10,000,000 OXO tokens are dedicated to the staking mechanism, allowing token holders to stake their OXO tokens and earn rewards for participating in network consensus and security.
* CEX: 10,000,000 OXO tokens are allocated for partnerships with centralized exchanges (CEXs), ensuring broader accessibility and liquidity for OXO token holders.
* Partnership and Team: 20,000,000 OXO tokens are allocated for strategic partnerships, ecosystem development, and the core team working on the Oxo Network project.

Official BEP20 Contract Address : [0xD4ef9E1Ae76e87194efFf649066B416227698A23](https://bscscan.com/token/0xD4ef9E1Ae76e87194efFf649066B416227698A23)

## OXO TOKEN Allocation Locked

* Liquidity Lock: The liquidity allocation of 60,000,000 OXO tokens is locked. You can find the lock details at [Liquidity Lock](https://www.pinksale.finance/pinklock/record/1099844?chain=BSC).
* CEX Lock: The allocation of 10,000,000 OXO tokens for partnerships with centralized exchanges (CEXs) is locked. You can find the lock details at [CEX Lock](https://www.pinksale.finance/pinklock/record/1099778?chain=BSC).
* Partnership Lock: The partnership allocation of 20,000,000 OXO tokens is locked. You can find the lock details at [Partnership Lock](https://www.pinksale.finance/pinklock/record/1099784?chain=BSC).
* Team 1 Lock: The lock details for the first team allocation of OXO tokens can be found at [Team 1 Lock](https://www.pinksale.finance/pinklock/record/1099787?chain=BSC).
* Team 2 Lock: The lock details for the second team allocation of OXO tokens can be found at [Team 2 Lock](https://www.pinksale.finance/pinklock/record/1099789?chain=BSC).
* Staking Lock: The staking allocation of 10,000,000 OXO tokens is locked. You can find the lock details at [Staking Lock](https://www.pinksale.finance/pinklock/record/1099791?chain=BSC).

These lock mechanisms ensure transparency and provide confidence to the Oxo Network community that the allocated tokens will be released according to the specified lock periods and distribution schedules.

## OXO Tax Distribution

When buying and selling the OXO token, a tax will be applied to the transaction. The tax distribution is as follows:

### 8% Tax on Buy & Sell Transactions

* 3% Development: The development fund receives a 3% share of the tax collected. These funds will be allocated to ongoing development efforts, including the improvement of the Oxo Network's technology, infrastructure, and ecosystem.
* 3% Marketing: The marketing fund receives a 3% share of the tax collected. These funds will be utilized for marketing initiatives aimed at promoting the Oxo Network, increasing awareness, and driving user adoption.
* 2% Liquidity: The liquidity fund receives a 2% share of the tax collected. These funds will be dedicated to maintaining and strengthening the liquidity pool for the OXO token, ensuring sufficient liquidity for trading on supported exchanges.

Wallet Address: [0xf41f7Ea5458869a5C0A40F68f446b3e87A23c861](https://bscscan.com/address/0xf41f7ea5458869a5c0a40f68f446b3e87a23c861)

Please note that this wallet will be used for the allocation of funds for both Development and Marketing activities within the Oxo Network ecosystem. By consolidating these funds into a single wallet, it promotes transparency and simplifies the management of resources for these purposes.

By implementing this tax distribution mechanism, the Oxo Network aims to allocate resources towards development, marketing, and liquidity, fostering the growth and sustainability of the ecosystem.

