Incubation Centre for short, is the brain child of the OpenEgg project. A metaverse space for educating and sharing our knowledge, ideas and helping create an easy place for all experience levels to not only understand the XRPL, but learn and deep dive into the wider crypto world and learn what to look out for and how to evaluate projects.
We will deep dive into projects that we feel have real world value and utility. Once a project has been analysed by us, we will then add them to the Incubation Centre with an easy to read PDF which explains use case, potential, project links, expected price targets and our view on why that project will be one of the leading projects within the new financial, blockchain and digital asset class of the future.
An $OVO payment will be used to enter a priavte group associated with the Incubation Center. and all $OVO will be burnt.
17.5% of NFT sales are allocated for Incubation OVOnaut Schemes. These funds will be strategically invested into projects that OpenEgg have placed into Incubation and have received the Diamond Egg Seal of Approval. Once the exit price has been reached, a snapshot will be carried our in accordance with the IOS version that matures. The funds generated will be converted into XRP and airdropped, in amounts to every wallet associated with the IOS version.
We believe this fits in with our vision of Opening Virtual Ownership and will bring in large value to the XRPL and to the $OVO holders.
We have a range of NFT related IOS pools that we will be bringing out in the future whihc will tie in with the Incubation Centre and bring a wide range of utility and liquidity to $OVO, in the near future.
The current Incubation OVOnaut Scheme V1 details are below and the loading phase has been complated. Now we wait for V1 to Mature and monthly updates are posted below.
Version 2 is currently being loaded with the first months information being published on May 1st 2023
Version 3 will be disclosed in due course.
Top 100 - 0.6% at maturity
Top 250 - 0.06% at maturity
Diamond NFT - 0.11% at maturity
80% Proptionally for Top 100
10% $OVO Buyback
10% DoodlEgg Reward
This lists the total amount of income and updated on a monthly basis
Current fiat value = $1365
Current live amounts and Value of tokens held in IOS
Current fiat value = $2365
Current fiat value = $1275
Current fiat value = $460
Nothing here is financial advice. Please read website disclaimer
We had a very busy first couple of months within OpenEgg with a very good amount of Easter Egg sales and NFT sales which enabled us to provide 2625 xrp towards the IOS. These funds were used to purchase 2 very solid projects based on the Ethereum chain and going through regulatory compliance currently.
I managed to purchase 500k Tel at 0.0018 and 5M $Bax at 0.000045. Bax has since appreciated to around the 0.000580 range which is close to 13x in value. This was a very exciting period where we managed to turn $225 into around $2900. I took the sensible decision to part exit approximately 60% of $Bax and move the residual profits into another 500k $Tel and also got 2M $PolyX at an entry of 0.000014.
Expectations are very high for all 3 tokens and sensible exit stratergies are in place to maximise the IOS Value, which will benefit $OVO holders and to bring in huge value to the XRPL
All PDF reports and associated exit plans will be within our Incubation Centre and live in the telegram group once live.
I am very excited by the potential of front running any expected XRP price and using the profits,from the IOS, to give one of the biggest reward airdrops of XRP that there has ever been on the XRPL.
Feel free to join our telegram for open discussion on IOS projects and how we plan to reward XRP to $OVO holders.
This is a passion of mine and will link very well with a huge utility benefit that $OVO will hold as the XRPL develops. OpenEgg will become a valubale member of the XRPL Ecosytem in due course and we will continue our step by step approach in everything we do.