OZ Finance said it is progressing with its project in Bataan that allows holders of its TOTOZ token to gain access to the economic zone (ecozone) living under Project Open Zone (OZ). READ:
that Project OZ has already recorded over 100 registrants. Of the total, there are already two fully-registered residents under the project.
Recently, OZ Finance announced its partnership with the Authority of the Freeport Area of Bataan as the project’s first ecozone partner under Project OZ, which utilizes blockchain technology to allow residency or business operations in partner ecozones.“The current residency program is for non-Filipinos. Anyone can avail themselves of open-zone living provided they pass standard know-your-customer and anti-money laundering checks,” Mr. Choy said.
“After five years, to extend the residency or business operations, the token holder just needs to stake the corresponding worth of TOTOZ tokens in the wallet again,” Mr. Choy said. Meanwhile, Mr. Choy announced that OZ Finance has other projects in the pipeline involving digital infrastructure, metaverse, and stablecoin.
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