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Osean DAO is a brand-new cryptocurrency that will allow platform members to purchase partial ownership of yachts by tokenizing them into NFTs. The platform will also leverage $OSEAN, the native token, to give members access to a DAO, purchase NFTs, and earn staking benefits.
Read our Osean DAO project review to learn more about this cryptocurrency and learn how to purchase the $OSEAN token in a few steps.
What is Osean DAO Crypto?
Osean DAO is a crypto community fund that is being created for the yacht industry. The platform aims to democratize the yacht charter industry, which primarily caters to elite individuals. The platform will tokenize yachts and allow members to purchase fractional ownership.
The organization has developed a well-laid-out plan to help investors enter the Yacht industry. Firstly, Osean DAO will purchase boats and place them in some of the most popular charting destinations from around the globe.
For the project’s marketing, Osean DAO will create a sales team. The plan is for Osean DAO to enter various sailing expos and regattas to help build the brand. One of the main goals of Osean DAO is to lower the entry barrier for new investors.
Thus, they will be tokenizing each boat they own into NFTs. One of the key components of this platform is $OSEAN, the native cryptocurrency. The yacht NFTs can only be purchased with $OSEAN, a BEP-20 token. This will help build the community and simultaneously allow members to purchase $1,000 installments of the yacht NFTs.
Therefore, Osean DAO will allow token holders to diversify their portfolios and earn profits as the yachting industry flourishes.
Osean DAO: Key Components
Before thinking about investing in this new cryptocurrency, let’s take a look at some of the main components of Osean DAO:
$OSEAN Token
At the center of this ecosystem is the native cryptocurrency, $OSEAN. With $OSEAN, Osean DAO aims to generate a large capital pool, which will be used to acquire new yachts. Firstly, only token holders can purchase the yacht NFTs backed by real-world assets.
Holding this new cryptocurrency can also lead to several benefits. Token holders will get monthly rewards based on their $OSEAN holdings. They will also get to participate in community airdrops.
The $OSEAN token was launched on PancakeSwap in June 2023 and has soared since its release. The total token supply is set at 1 billion. We will talk more about the tokenomics of the project later in this guide.
Governance Through the Osean DAO
The DAO (Decentralized Autonomous Organization) will be funded by the fees generated within the ecosystem. There is a 6% tax levied on each buy and sell transaction on the ecosystem.
1% of the transaction is sent to a burnt wallet, 1% is used for development, and 1% for marketing purposes. The remaining 3% will be sent to the DAO (Decentralized Autonomous Organization) for yacht acquisition purposes.
The DAO will comprise several platform members who will be able to make decisions related to acquiring new yachts and controlling the ecosystem’s future. Members of the DAO will also benefit from the profits generated from within the ecosystem.
Since the DAO will operate as a registered LLC (Limited Liability Company), it can interact with banks and other financial institutions.
NFT Marketplace
By Q4 2023, Osean DAO will release the highly-anticipated NFT marketplace. As mentioned above, the NFT marketplace will allow token holders to purchase yacht NFTs. The team will decide which new yachts to acquire through the funds collected from the DAO treasury.
Each new yacht will have a tokenized NFT representing its value. Investors can purchase fractional ownership of the yacht NFTs, denoted in shares of $1,000 each. Holding these NFTs will also give holders access to voting rights on the DAO.
Moreover, they will get access to regular dividends from the organization. Holding NFTs allows members to access an exclusive NFT Club. This club offers multiple advantages, such as discounts on obtaining yacht licenses and live yacht visits.
Is OSEAN Token a Worthwhile Investment?
In the sections below, we discuss whether $OSEAN is a good investment for the future:
Ongoing Bull-Run
In June 2023, $OSEAN was launched on the PancakeSwap DEX (Decentralized Crypto Exchange). This BEP-20 token was listed at only $0.000016 per token. One of the hottest cryptocurrency tokens to invest in right now, $OSEAN is up by more than 737%.
At the time of writing, $OSEAN is trading at $0.000134 per token. In just a few weeks, Osean DAO has already made a big impact in the crypto space.
As the token supply diminishes, it is possible that the price can rise even further. Currently, $OSEAN has a market cap of only $130K. By comparison, there are multiple meme tokens that offer no real utility and have a market capitalization of hundreds of millions.
While there is no guarantee that $OSEAN may rise to similar heights, it offers token holders multiple use cases and real utility.
Multiple Benefits Through the NFT Marketplace
One of the main use cases of $OCEAN is to purchase the boat NFTs through the upcoming NFT marketplace. The main advantage of holding these NFTs is the ease of entering the yacht market, which is typically limited to the ultra-wealthy.
However, with a minimum investment of only $1,000, one can purchase fractional shares of the NFTs. As the value of the yachts rises, so does your NFT’s worth. Those holding the NFTs also get an Osean Club membership.
This exclusive membership gives members access to free yacht vacations, sailing sessions, and event participation.
15% APY Via Staking
Not only can token holders purchase NFTs and gain access to exclusive deals, but they can also leverage $OSEAN to earn passive income on the ecosystem. Osean DAO has introduced a new swap and stake mechanism that allows members to stake their tokens and earn a potentially high APY (Annual Percentage Yield).
On Twitter, Osean DAO confirmed that the staking yield has been set to 15% APY for the month of July 2023. While the amount can change every month, a 15% APY is a very healthy return. Thus, token holders can still make revenue even if the token price does not increase.
What makes Osean DAO Unique?
Osean DAO offers investors the unique opportunity to diversify into its new cryptocurrency token. However, there is one main criterion that sets it apart from some of the best cryptocurrency tokens in the world.
A real-world asset backs each NFT token on Osean DAO. The main purpose of this organization is to allow investors to benefit from the yachting industry without requiring a huge deposit. While this industry has primarily been for the wealthy, tokenizing each boat into NFTs reduces the entry point.
According to the Osean DAO whitepaper, the LLC wrapping allows the platform to attract investors in the yacht market by leveraging blockchain technology.
Thus, this brings stability to the project while it also tries to leverage the growth potential offered by cryptocurrencies. Therefore, Osean DAO hopes to make the token a valuable investment in the long term.
Moreover, 30% of the token supply will be burnt in the long term. Thus, this can be one of the top deflationary cryptocurrency tokens to hold. Like other low-supply cryptocurrencies, the price tends to shift upwards as the supply dwindles. A limited token supply gives a sense of exclusivity, which can be an important way to garner more attention to the project.
Who is behind Osean DAO?
Osean DAO states that its team consists of seasoned professionals with good amount of experience working in the yacht charter business. Furthermore, the team comprises individuals with expertise in finance, marketing, and cryptocurrencies. Thus, Osean DAO has carefully worked out its business plan to specialize in the yacht industry while integrating many cryptocurrency methods.
In the next few months, Osean DAO is expected to complete its LLC (Limited Liability Company) wrap. This means that the DAO has the ability to interact with banks and other legal entities of ownership on a contractual basis.
To help complete the LLC wrap, Osean DAO is working with MIDAO, which is based in the Marshall Islands. MIDAO helps DAOs form LLCs. Once this is set in motion, Osean DAO will be able to purchase Single Purpose Entities (SPEs), that can hold physical assets such as yachts.
Osean DAO Roadmap
Osean DAO has laid out a well-defined platform roadmap to ensure that it is prepared for the future. Firstly, the project has already established how the DAO treasury will be financed. By charging a small fee on transactions, the treasury can maintain liquidity and finance new yacht transactions.
This decentralized platform also gives autonomy to the DAO members and will involve the users in making new decisions via voting rights. At the beginning of 2023, the platform was developing different websites to spread the word. In the past few months, the biggest step for Osean DAO was the release of the $OSEAN token on PancakeSwap.
Now, the platform is gearing towards its NFT marketplace launch, which will occur towards the end of 2023. Simultaneously, Osean DAO is working on developing the decentralized autonomous organization.
If the NFT launch takes place in the next few months, we can expect to see an increase in the token’s adoption.
Osean DAO Price & Tokenomics
$OSEAN has a total supply of 1 billion tokens. From this, 350 million tokens have been allocated for the presale and the DEX launch. As mentioned above, the token was launched on PancakeSwap, in early June 2023.
Notably, 30% of the total token supply will be burnt over time. Thus, over time, the supply will reduce to 700 million tokens. One of the advantages of a low-supply token is the potential for the price to explode. If the demand rises after the NFT marketplace and the DAO launch, there is potential for $OSEAN to be the next crypto to explode.
Another 20% of the token supply will be offered as airdrops. 10% of the supply will also be given to the development team, and the remaining 5% will be used for marketing purposes.
After listing at $0.000016 per token, $OSEAN has increased by more than 730%. The current price of $OSEAN is $0.000134, boasting a market cap of more than $130K. Stay updated with all the new project developments by joining the Osean DAO Telegram channel.
How to Buy OSEAN Tokens
Interested in trading $OSEAN and purchasing NFTs within the ecosystem? Follow the sections below to learn how to buy $OSEAN:
Step 1: Get a Crypto Wallet
Since the tokens are available to purchase through a DEX, investors must set up a cryptocurrency wallet if they do not already have one. Some of the top cryptocurrency wallets such as MetaMask and Binance Wallet, can be used to purchase $OSEAN.
Alternatively, users can use other wallets like the Coinbase wallet, Wallet Connect, or Trust Wallet. When using a laptop or desktop computer, download the wallet extensions. On the other hand, one can download the wallet app on their mobile device and register.
Step 2: Purchase BNB Tokens
A BEP-20 token, $OSEAN can be swapped with the Binance Coin (BNB) token. This cryptocurrency can be purchased from any suitable crypto exchange. After making the transaction, transfer the tokens to your crypto wallet.
Step 3: Visit the Osean DAO Website
Head over to the Osean DAO website, and click the ‘Buy & Stake’ button on the top right of your screen. This will redirect you to a page through which you can connect your crypto wallet. One can also view the live price of $OSEAN on the page.
Click on the ‘Connect Wallet’ option and follow the instructions on the screen to connect your wallet with the platform.
Step 4: Purchase OSEAN Tokens
Once the wallet is connected, investors can enter the amount of BNB tokens they want to swap for $OSEAN. The screen will show you how many $OSEAN tokens you will receive after the transaction.
When making a transaction with the Binance network, a 0.25% fee will be paid. Once you have entered the amount, complete the transaction to receive your $OSEAN tokens.
Conclusion
This guide has taken an in-depth look at Osean DAO, a crypto platform that gives investors partial ownership of yachts, by tokenizing these real-world assets. By holding $OSEAN, investors can purchase NFTs, earn staking benefits, and enter the decentralized autonomous organization.
Available to buy on PancakeSwap, $OSEAN has soared by more than 730% since its launch in June 2023.
FAQs
What is Osean DAO?
Osean DAO is a crypto community fund built for the yachting industry. Through the DAO Treasury, platform members will decide to acquire new yachts. $OSEAN holders can also stake tokens to earn passive income and purchase NFTs.
What is the price of $OSEAN?
At the time of writing, $OSEAN is priced at $0.000134 per token. This is a price jump of more than 735% since the token listed on PancakeSwap.
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