OVO(ovo.space) has decided to conduct an IEO on Gate.io’s Startup Prime on March 21, 2023. A few days after the IEO, Gate.io cryptocurrency exchange plans to open trading pairs for OVO Token and USDT (TetherUSDT).
OVO (ovo.space) has gained popularity as a unique NFT platform with a utility design and ecosystem. After two years of growth, the platform has finally decided to issue its token, which will provide strong liquidity for OVO’s NFT content. In addition, the platform’s ecosystem will be rebuilt on the basis of token economy, including MysteryBox, Marketplace, PictureBook, Fusion/Upgrading, NFT Mining, and more.
On the other hand, Gate.io cryptocurrency exchange positions OVO (ovo.space) as a “powerful project after a year” and has decided to support it with full force. Although OVO Token is planned to be listed on other major exchanges in the future, Gate.io cryptocurrency exchange will be the first stage.
What is OVO?
OVO (ovo.space) is a multi-chain (BSC/ETH/FLOW, etc.) NFT platform that incubates new NFT projects and provides technical and marketing support to IP holders. Although OVO has been established for two years, its “Collection” category already includes two IP contents: Nyathees and COG. However, the unique NFT Mining function is the biggest feature of the category that will only contain IP content that is bound to the platform in the long term. After listing OVO Token, the platform plans to expand the IP content included in the “Collection” category sequentially.
OVO (ovo.space) Achievements
Issuance format: MysteryBox, Auction
Ecosystem: Fusion, Picture Book, Marketplace, Mining
Sales performance: more than 74,000 pieces
Volume: $9.8 million
Auction bidding: total of $310,000
Cumulative transaction numbers: over 120,000
Content: Gravure idol
Exclusive contracted idols: 阿久津麻央, 小島みゆ, 桐山瑠衣, 藤乃あおい, 古河由衣, 悠木ゆうか, 吉野七宝実
Issuance format: MysteryBox, Maindrop
Sales performance: More than 3,500 pieces
Content: COG(Cuty Owl Girls)
Issuance format: Whitelist presale, MysteryBox
Ecosystem: Fusion, Genesis, Marketplace, Mining
Sales performance: More than 2,000 pieces
Content: Sound Art Project-FLUCTUS SYMBOL
Artists: 小室哲哉/Music, 九島優/illustrator, 撃鉄/illustrator,
Issuance format: Maindrop, Auction
Auction bidding: total of 643ETH
Issuance format: Launchpad
Sales performance: 1,000 pieces
*Special Note: In the initial token configuration of OVO, the total issuance was set to 300 million, and the maximum supply was set to 240 million. However, in order to adjust the platform’s long-term development and supply balance, it has been decided to burn 60 million tokens. Currently, the total issuance is set to 240 million, so please be aware of this in advance.
While OVO Token is a platform token, it has a strong emphasis on its functionality as a utility token used within the ecosystem. For more information about the utility of OVO Token, please refer to the official whitepaper.
Time: March 21th, 2023 10:00 (UTC) ~ March 22th, 2023 10:00 (UTC)
Token symbol: OVO