OFE Liquidity Risk Calculator
Risk Assessment Tool
Ofero (OFE) trades at approximately $0.000465 with daily volume under $20. This extreme illiquidity causes severe price slippage - large trades significantly move the price.
Ofero (OFE) is a cryptocurrency built on the MultiversX blockchain, launched in 2021 with the goal of connecting blockchain technology to real-world use cases. But despite its ambitious vision, the token has remained stuck in obscurity. As of late 2023, OFE trades at around $0.000465, with a daily trading volume often under $20. That’s less than the cost of a coffee in most places. For comparison, even small-cap tokens on Ethereum or Binance Smart Chain routinely hit millions in daily volume. So what’s the real story behind Ofero? Is it a hidden gem, or just another micro-cap project that never gained traction?
What Is Ofero Network (OFE)?
Ofero Network is a Web3 ecosystem built on the MultiversX blockchain (formerly Elrond). It was designed to create a platform where users, businesses, and communities could interact securely through blockchain technology. The project’s official description on CoinMarketCap says it aims to build trust and transparency using a unique system called "sight-staking architecture." But there’s no public whitepaper, no GitHub repository, and no detailed technical documentation available anywhere. What’s left are claims - and very little proof.
The total supply of OFE tokens is listed as 450 million. Some sources say all of them are in circulation; others claim zero are circulating. This kind of contradiction isn’t rare in small crypto projects, but it’s a red flag. When even basic supply data is inconsistent, it makes you wonder what else isn’t being disclosed.
How Does Ofero Work?
Ofero runs entirely on the MultiversX blockchain. That means you need a wallet that supports MultiversX - like the Elrond Wallet or Maiar - to hold or trade OFE. There’s no native Ofero wallet; the project relies on existing infrastructure. Its main feature is a decentralized exchange called Ofero.exchange, which lets users swap OFE for other MultiversX tokens. The site claims to offer fast, easy swaps, but testing it reveals a problem: there’s almost no liquidity.
On paper, Ofero also has something called "Quarry," mentioned in a few crypto directories. But no one explains what it does. Is it a staking pool? A reward system? A mining tool? No clear answer exists. Without documentation, users are left guessing.
The project also mentions a private KYC platform to "ensure stability and security of holders' financial investments." But again, there’s no link, no login page, no verification process visible to the public. If it’s real, it’s invisible. If it’s not, then the claim is just marketing fluff.
Ofero’s Market Status: Tiny, Illiquid, and Risky
As of November 2023, Ofero ranked #6198 on CoinMarketCap. That’s out of over 20,000 cryptocurrencies. Its market cap hovered around $211,000 - barely more than the price of a modest used car. The fully diluted valuation (FDV) was the same, meaning there’s no difference between circulating and total supply, or the data is inaccurate.
The 24-hour trading volume? Between $8 and $20. That’s not trading. That’s someone buying a few tokens manually. For context, EGLD, the native token of the MultiversX chain, trades over $50 million per day. Ofero’s volume is 0.04% of that. This level of illiquidity means:
- If you try to sell 10,000 OFE, the price will crash because no one else is buying.
- If you try to buy 10,000 OFE, the price will spike because the order eats up all available sell orders.
- Slippage is guaranteed - you’ll pay much more (or get much less) than you expected.
Even CoinGecko and CoinMarketCap show conflicting numbers. One says OFE rose 1.08% in 24 hours. The other says it dropped 47%. That kind of inconsistency doesn’t happen with legitimate projects. It happens when there’s no real market - just bots or tiny groups moving tokens around.
Where Can You Buy OFE?
As of early 2025, OFE is listed only on one exchange: xExchange, a decentralized swap platform on MultiversX. That’s it. No Binance. No KuCoin. No Coinbase. Not even a small altcoin exchange like Gate.io or MEXC.
This limits access to people who already understand MultiversX wallets and DEXs. For most crypto users, that’s a barrier. And even if you’re on xExchange, finding OFE requires searching manually - it doesn’t show up in trending lists or top gainers. There’s no trading pair with stablecoins like USDT or USDC. You can only trade it against EGLD or other obscure MultiversX tokens.
Bitget lists OFE as available for "free" through rewards or airdrops. But there are no instructions, no claim page, and no evidence anyone actually received anything. It’s a footnote, not a feature.
Community and Development: Silent and Stagnant
There’s no active Telegram group. No real Twitter/X presence. No Reddit thread with meaningful discussion. No Medium blog updates since 2022. CoinMarketCap’s "Ofero News" section is empty. The project’s website has a basic landing page with a white background, a token logo, and a few bullet points - but no team bios, no roadmap, no contact info.
When a project has zero community, it usually means one of two things: either it’s abandoned, or it was never meant to be more than a token sale. The lack of developer activity is even more telling. No code commits on GitHub. No GitHub at all. No public audits. No security reports. No team members named. This isn’t just quiet - it’s a ghost town.
Some crypto directories claim Ofero "reached the top of the MultiversX blockchain" during its early days. But no blockchain analytics site - like MultiversX Explorer, DeFiLlama, or DappRadar - confirms this. It’s a self-reported claim with no third-party verification. That’s common in micro-cap projects trying to sound bigger than they are.
Is Ofero a Scam?
It’s not clearly a scam - there’s no evidence of a rug pull, no sudden disappearance of funds, no fake team. But it’s also not a real project. It’s what crypto analysts call a "zombie token": technically alive, but functionally dead. It has a token, a website, and a listing - but no users, no utility, and no growth.
Compare it to other MultiversX tokens like EGLD, Maiar, or VET (on MultiversX). They have active teams, real products, developer updates, and thousands of daily users. Ofero has none of that. Its only "utility" is the ability to trade it on one exchange with almost no buyers or sellers.
RevenueBot.io claims Ofero offers "over 100 metrics" for price analysis. But when you look at the data, most of those metrics are meaningless because there’s no volume to analyze. It’s like measuring the speed of a car that never leaves the garage.
Should You Buy OFE?
If you’re looking to invest in crypto, OFE is not a good choice. Here’s why:
- No liquidity - You won’t be able to sell without losing money.
- No community - No one’s talking about it, so there’s no momentum.
- No development - No updates, no new features, no roadmap.
- No exchange support - Only one DEX lists it, and it’s not even easy to find.
- High risk of loss - With a $200k market cap and $20 daily volume, it’s easy for one large trade to wipe out your investment.
Some people buy these tokens hoping for a pump - a sudden price spike from a rumor or bot activity. But that’s gambling, not investing. And when the pump ends, you’re left holding a token that no one wants.
If you’re curious and want to experiment with $5, go ahead. But don’t expect to make money. Don’t expect to use it for anything. And don’t expect the project to ever grow.
What’s the Future of Ofero?
Unless Ofero suddenly gains real adoption - like a partnership with a business, a working product, or a surge in trading volume to $50,000+ per day - it will fade into obscurity. Most tokens like this die within 12 to 18 months. Ofero has been around since 2021. That’s already longer than most. But without activity, it’s just a name on a list.
The MultiversX blockchain itself has potential. It’s fast, scalable, and growing. But Ofero isn’t contributing to that growth. It’s just sitting there, taking up space in a directory.
If you’re interested in MultiversX, focus on EGLD, Maiar, or projects with real teams and transparent roadmaps. Ofero doesn’t belong in that category.
Jess Bothun-Berg
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