$OVO is a cryptocurrency token at the heart of the OpenEgg ecosystem on the XRP Ledger, designed to enable virtual ownership and engagement. It functions as a medium for NFT transactions, is integral to mini-games, and is used in reward systems like airdrops and community incentives. The token is deflationary, with a supply reduction strategy including token burning in games. $OVO is crucial for OVOcredits in NFTs and the Incubation OVOnaut Schemes. Its issuance is limited, with no new creation after issuance, maintaining scarcity and value. OpenEgg’s focus on regulatory compliance and full decentralization of $OVO positions it as a key asset in the Web3 domain.