The world of cryptocurrencies has long been here and all its pieces are productive and profitable. Cryptocurrencies today constitute a huge space for numerous organizations and companies.Cryptocurrency is certainly the future of future currencies, it has shown tremendous advantages and applications are limitless.
Without a blockchain, the technology behind it would not have been possible for cryptocurrencies, also with the blockchain, and for itself it has developed a lot of uses. Blockchain technology is currently used to have a positive impact in many areas of the world. Today i will be discussing about the interesting oikos project and how it will impact the blockchain industry
WHAT DOES OIKOS ENTAILS?
Oikos is a decentralized protocol built on Tron for issuing synthetic assets. These synthetic assets are collateralised by the Oikos Network Token (OKS), which allows the issuance of synthetic assets (Synths) when locked into the contract.
Oikos is a project aimed at creating a decentralized cryptocurrency exchange platform which will operate on Tron blockchain. The opportunity to exchange synthetic assets is one fascinating thing about the oikos network.
What are Synthetic Assets?
The term synthetic asset refers to a mixture of assets with the same value as another. Synthetics typically combine different derivatives – options , futures or swaps – which represent the basic asset – stocks , bonds and commodities, indices, currencies or interest rate.
Synthetic assets are a platform for tracking the prices of various assets which enables crypto-native and non-banking consumer to trading on Oikos exchange (peer-to-market). Synthetic assets (Synths) are backed by Oikos Network Tokens (OKS) locked into a smart contract as collateral.
HOW DOES IT WORK?
The OKS-tokens support all synths. Synthesis is created when OKS holders use Minter, a decentralized request to communicate with the OKS contracts, to make their OKS collateral. Synthesis has a collateralisation ratio of 800 percent, although this may be increased or lowered through Community governance systems in the future.
Another interesting thing about the Oikos project is that you can also mint your synthetic assets. Synthethic assets are minted by locking OKS tokens into a smart contract.
The system allows you to lock 7.5 times the amount of your synths. If you want to send a mint of 100 USD, you will have to lock: for example , suppose that the OKS token price is 1 USD.
100 * 7.5 = 750 USD worth of OKS tokens.
This is done through overcollateralization to ensure stability of the system.
THE OIKOS DECENTRALIZED EXCHANGE
A decentralized currency exchange is the exchange market that depends not on third parties to keep the funds of the consumer. Trades occur instead through an automated mechanism directly between the user (peer-to - peer)
Numerous groups are focused on developing decentralized exchange (“DEX”) technology and a number of different approaches have emerged over the years. A decentralized exchange is an exchange market not relying on a third party service to hold the funds of the client.
Oikos Exchange provides a user friendly and interactive interface for transforming Synths of various types. Synthetic versions of Fiat currencies are accessible to and usable for Oikos Exchange users Cryptocurrencies and commodities.
ADVANTAGES OF THR OIKOS DECENTRALIZED EXCHANGE
Using decentralized exchanges has a whole lot of advantages than using the centralized exchanges ans oikos has even made everything easier. Decentralized exchanges allow users to control their resources and personal data by being trustless. Each user is in charge of their portfolio.
Trading on Oikos.Exchange has a whole lot of benefits than trading on the centralised exchanges and order book based Decentralized exchanges. Oikos Exchange allows users to trade synths, and to buy sUSD with ether. This provides infinite liquidity up to the total amount of collateral in the system.
Synth holders are permitted to exchange their synthetic assets without the need of counterparts . Oikos exchanges are based solely on the current market price of the assets, and in this case, there is no order book unlike a traditional trade type. It allows cryptocurrencies holders access to different digital assets such as commodities, Fiat currencies, and capital markets. Oikos. Cash provided a bridge from the traditional financial system.
TOKEN SALE DETAILS
The public token sale finished on May 31st and it performed very well considering we are still a very new project. The details of the initial exchange offering will be announced soon.
ROADMAP
This is the roadmap of the oikos project
TEAM
This is the experienced team of the oikos project and as you can see we are definitely in great hands of people.
CONCLUSION
Through its decentralized digital asset issueing and exchange system, Oikos sweeps the void between conventional financial and crypto-monetary industries. Our mission is to achieve the largely unexploited potential of synthetic resistant to censorship. The platform's usefulness will be gradually increased by progressive technological advances and increasing acceptance.
For More information Contact Us Via:
WEBSITE: https://oikos.cash
FACEBOOK: https://www.facebook.com/Oikoscash-102203241479884/
Tweeter: https://twitter.com/oikos_cash
TELEGRAM: https://t.me/oikoscash
GitHub: https://github.com/orgs/oikos-cash/
MEDIUM: https://medium.com/@oikoscash
AUTHOR
BITCOINTALK USERNAME: Haneefah
BITCOINTALK PROFILE: https://bitcointalk.org/index.php?action=profile;u=2800490
TRON WALLET ADDRESS: TQ4BSaV2Mk5xd8naiGtvsGZ7SUzJnA6g4o
