MAPS/OXY: Team Update

Maps Token
3 min readFeb 1, 2022

Alex Grebnev assumes sole leadership of and projects as co-founder Viktor Mangazeev departs

● Viktor Mangazeev steps down to pursue other interests

● wallet set to roll-out in Q2 2022, providing access to DeFi services including Oxygen to 100m+ users

1 February 2022 — Zug, Switzerland — and today confirmed that Co-Founders Alex Grebnev and Viktor Mangazeev have decided to part ways. Alex Grebnev has assumed sole leadership of both projects, as Viktor Mangazeev ends his involvement to pursue other opportunities.

Alex said: “Viktor has played a key role in developing the Maps and Oxygen projects and leaves with the group’s best wishes. Oxygen is one of the few DeFi projects live on Solana mainnet and is delivering on its promise of ‘Finance without Wall Street’ by providing anyone with access to an institutional-grade decentralised prime brokerage. It has also just been through an audit by Kudelski Security. has phenomenal growth potential as we get closer to offering access to financial services to its 100+ million users.”

Viktor said: “I wish Alex and the team all the best in their continued efforts to build the Oxygen and Maps projects.”

Looking ahead, both Oxygen and Maps have concrete development plans for 2022 and beyond.

Oxygen in 2022:

● Launch of Nitrogen, a new mobile non-custodial wallet for Solana assets designed to make DeFi, NFTs and GameFi accessible to anyone.

● Launch of Oxygen Lite

● Integration into MapsMe and other ecosystems

● Move of Oxygen to Beta in 2022

● Rollout of the wallet in Q2 2022

● Integration with Oxygen and other protocols, bringing access to financial services to Maps userbase, making it potentially one of the largest fintech apps in the world.

● wallet already has 550,000 waitlisted users, underlining the demand for its DeFi financial services platform

Alex concluded, “2022 is going to be a critical year for both projects and the team is working flat out to deliver on the roadmap we have set out. We also fully recognise that we need to be more active in our communication with the Oxygen/Maps community and are committed to achieving this.”


Oxygen is an alternative market infrastructure ecosystem, built on the fast-growing and liquid Serum ecosystem and running on Solana’s scalable blockchain. As a DeFi protocol, Oxygen is part of a movement to create a more efficient and open financial system — or ‘Finance without Wall Street’ — that replicates the constructs of traditional finance without centralized control and intermediaries. AG is based in Switzerland, which is recognized as an advanced jurisdiction for distributed ledger technology. Oxygen works with a Big Four audit firm, with Kudelski Security (a leading independent provider of tailored cybersecurity solutions for large enterprise and public sector clients) and with international legal advisers to ensure asset safety and regulatory compliance.

For more information, visit

About is the world’s leading off-line mapping application for travelers. Launched in 2011 it has been downloaded more than 140 million times. More than 60 million users worldwide were active in 2021, using the app to plan and navigate journeys in 195 countries. is integrating financial services including payments, foreign exchange and passive income generation, becoming part of a new generation of decentralized finance (DeFi) platforms that use smart contracts to allow users to transact directly with each other, rather than via a financial institution. Through the Wallet, users will also enjoy a range of exciting rewards including eSIM connectivity, cashback opportunities and discounts.

For more information, visit

Media Enquiries:

Adam Harper (Hong Kong)

Scott Krady (USA)



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