Let’s Address the Elephant in the Room: Why are we not listed on any exchanges yet?

3 min read
August 31, 2022 by
Vincent Choy

I would like to take this opportunity this week to address the elephant in the room about listing. We understand that the community is frustrated about the listing date and would want more clarity from us. We really apologize for this, but we don’t want a situation where the token price simply collapses when we list it.

Over the past couple of months, we have been quietly observing the listing markets and the price performance of tokens and trading activity, and unfortunately have come up with the realization that we are simply not ready to be listed yet.

Crypto Winter: Almost every project that listed in the past couple of months during the crypto winter didn’t do well. The first couple of days probably saw fantastic increases in prices and volumes that seem to crash a couple of days if not a week or 2 later. REAL demand for alt coins from HODLers are simply not there to sustain a trading rally and we don’t think that we will be doing Oz justice listing during this period.

Building up REAL demand: We are not idling while we observe and plan for our listing. We are hard at work executing our business plan for REAL demand for our tokens. We have recently launched our US framework for US citizens to become residents of Oz and have planned a series of roadshows and dinners in the US to promote the residency. We are discussing partnerships with law firms, CPAs, immigration consultants, and asset management companies to get more people interested in becoming residents of Oz. Our US structures have just been set up and with REAL demand, we can increase the value of our TOTOZ tokens together.

So, we really do ask for the community’s patience. We have a REAL project with REAL utility (that’s unfortunately RARE!). However, we are also an alien in a space that is used to technology for technology’s sake, where token prices are divorced from project realities and use cases. It’s not simply a case of build it and they will come. We don’t believe that we should artificially inflate the prices of our tokens on exchanges with market makers and wash trading, and we believe that it will be irresponsible for us to simply just list our tokens without getting the fundamentals, which in our case, is demand for residency up.

I am happy to have a discussion with anyone about your thoughts. You can DM me on Telegram or we can discuss it in the group.

About Oz:

Oz Finance is built to realize the full potential of decentralization by combining blockchain technology and crypto projects with real-world applications that can benefit the people it serves.

Digital Assets should have a real-world home.

To know more about Oz, visit our website and don’t forget to follow our social media channels so you don’t miss out important updates:

Website: https://www.oz.finance/

Facebook: https://www.facebook.com/OZ-Finance-100740515340717

Twitter: https://twitter.com/OZ_finance

Telegram: https://t.me/ozfinance

Discord: https://discord.com/invite/mzCvUvsxxK

YouTube: https://www.youtube.com/channel/UCJsR3o6lf9QenQ8by2vCyjg

Instagram: https://instagram.com/oz_living?igshid=YmMyMTA2M2Y=

Reference: https://medium.com/@ozliving/lets-address-the-elephant-in-the-room-why-are-we-not-listed-on-any-exchanges-yet-5cccc63cda7f