oikos (OP)
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April 18, 2020, 12:11:13 AM Last edit: April 25, 2020, 05:19:47 PM by oikos |
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Decentralized Synthetic Asset. Oikos is a Tron port of Synthetix: a synthetic asset platform that provides on-chain exposure to fiat currencies,commodities, stocks, and indices. Synthetic assets (Synths) are backed by Oikos Network Tokens (OKS) locked into a smart contract as collateral. Synths track the prices of various assets, allowing crypto-native and unbanked users to trade P2C (peer-to-contract) on Oikos Exchange without liquidity limitations.. 750% collateralisation required Oikos requires 750% collateralisation for Synth issuance. So if you want to mint a hundred synthetic US dollars (USD), you’d need the equivalent of US$750 of OKS tokens as collateral. This creates a generous buffer for Synths in circulation.Debt-driven When someone mints new Synths, their 750% OKS collateral is locked up, while the value of the issued Synths takes the form of outstanding debt. To unlock their collateral, a person needs to pay back their share of the global debt by burning Synths. The 750% collateral requirement helps ensure that Synths remain collateralized even through wild market price fluctuations. Exchange fees and staking rewards By locking up OKS, issuing Synths and taking on the debt of those Synths, one also becomes a staker and starts earning staking rewards. These take the form of a portion of the Oikos Exchange fees as well as a share of the inflationary supply. The exchange fees are currently set at 0.3% per trade. They are put into a pool, where they can be claimed by stakers proportionate to their outstanding debt. So the more Synths someone issues, the more staking fees they earn. However, they can only earn staking rewards if they maintain a ~750% collateralisation ratio. This incentivises people to actively maintain their personal 750% ratios.
Oikos Exchange The Oikos decentralized exchange lets people buy and sell Synths via OKS and smart contract, without needing to rely on third parties to be on the other end of the trade. Inflation There is also system inflation, with the total amount of OKS in circulation set to increase from the initial 100 million to around 250 million by 2026. This inflation will also be distributed to Synth issuers. Debt pools All Synths in circulation add up to the global debt of the system. A Synth issuer’s individual debt is simply registered as a percentage of this global debt. The USD value of this debt changes constantly based on price fluctuations of the assets tracked and their quantity in circulation. Therefore, issuers act as a pooled counterparty to all Synth exchanges and take on the risk of the overall debt in the system. They have the option to hedge this risk by taking positions external to the system.
This system enables what is known as "infinite liquidity" trades: it's possible to convert any amount of Synths to another at a fixed price.COVID-19 Due to the nature of the system, it's possible to create all kinds of synthetic assets. For example, Oikos is planning to release a COVID-19 Synth which will track a basket of companies with a great involvement in fighting the current worldwide epidemic.Trustless Token Exchange Oikos Swap is a Tron port of Uniswap: a trustless decentralized exchange that allows users to trade any Tron-based token without any deposits or withdrawals to a centralized order book. Better yet, Oikos Swap liquidity pools have little to no slippage for the vast majority of transactions. Anyone can contribute by adding or removing liquidity to gain commissions in the form of exchange fees as well as rewards paid in OKS token. Automated 24/7 Trading Oikos Swap lets you trade tokens any time of day or night. All trades are executed via a decentralized smart contract. Trade TRC-20 Tokens Oikos Swap lets you trade TRC-20 protocol tokens on the Tron blockchain. Decentralized Exchange Oikos Swap is like a decentralized exchange in that you can trade tokens without the intervention of a centralized third party. However, it’s different from a decentralized exchange in that there’s no real P2P "exchange" taking place. You’re swapping tokens with a liquidity pool. Runs in Perpetuity Oikos Swap cannot be stopped. The protocol will run in perpetuity for as long as the Tron network is running. Can Handle Orders of Any Size Oikos Swap can technically handle any size of order – from 0 to infinity. The protocol uses an asymptotic curve to increase the price of the coin as the desired quantity increases. This means Oikos Swap can handle orders of any size but really large orders are prohibitively expensive after a certain limit. Airdrop for Synthetix token holders. Oikos will take a snapshot of the Ethereum blockchain at a definite block height and distribute a portion of OKS token to existing Synthetix token holders. This will help bootstrap our initial economy and reward both Synthetix and its users.
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jamiediamond
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April 19, 2020, 06:19:42 AM |
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Looks great guys. Looks promising!
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oikos (OP)
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April 20, 2020, 04:58:52 PM |
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Looks great guys. Looks promising! Thank you Jamie, it means a lot to us.
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oikos (OP)
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April 26, 2020, 02:51:05 PM Last edit: May 25, 2020, 02:04:02 PM by oikos |
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Moved to reserved slot.
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FaucetKING
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April 29, 2020, 03:50:30 AM |
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Seems like an interesting project since the first look, i wish that this is going to work with you folks. Good luck!
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kopisusu
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April 30, 2020, 07:41:42 AM |
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Seems like an interesting project since the first look, i wish that this is going to work with you folks. Good luck!
Yes, it does look very interesting, but I am still a little confused by the workings of this project and I also have to study it first to be able to understand more
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oikos (OP)
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May 06, 2020, 03:26:30 AM |
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Seems like an interesting project since the first look, i wish that this is going to work with you folks. Good luck!
Yes, it does look very interesting, but I am still a little confused by the workings of this project and I also have to study it first to be able to understand more Checkout our introductory post https://t.co/T1mohb6D0z, we hope it will help you understand it more. Cheers
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andriyana
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May 12, 2020, 03:58:21 PM |
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whether oikos.exchange is officially open now? and can someone member pull a locked token suddenly
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nira09
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May 15, 2020, 02:52:59 PM |
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where can I find information about the Oikos token and its allocation?
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Pecunia non olet
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PayAccept - Worldwide payments accepted in seconds
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May 23, 2020, 05:38:47 PM |
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I see that you have raised about 500 000USD and number of tokens sold is: 23,319,754.73OKS. But, is that enough to start a project? I can´t find information about your soft-cap. Thanks!
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andriyana
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May 25, 2020, 12:47:04 PM |
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I see that you have raised about 500 000USD and number of tokens sold is: 23,319,754.73OKS. But, is that enough to start a project? I can´t find information about your soft-cap. Thanks!
according to information that I got from oikos official telegram group https://t.me/oikoscash and on several social media 100,000,000 OKS have been issued and are allocated as follows: * 60% allocated to investors in the private and main sale * 20% allocated to the foundation vesting quarterly for 12 months * 10% allocated to the team and advisors, vesting quarterly for 24 months * 5% reserved for Partnership Incentives * 5% reserved for Bounties and Marketing Incentives The total number of tokens for sale is 60,000,000 with an individual price of $ 0.025, the total round goal is $ 1,500,000.
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oikos (OP)
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May 28, 2020, 09:49:31 PM |
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I see that you have raised about 500 000USD and number of tokens sold is: 23,319,754.73OKS. But, is that enough to start a project? I can´t find information about your soft-cap. Thanks!
Many startups make mistakes during early financing process and we are no different. It would have probably made more sense for us to do a smaller seed round and plan an IEO on a popular platform. By the way, we have been approached by Justin Sun and Poloniex Launchbase team and they are currently evaluating the project. It is likely that we will sell the remaining tokens via IEO, and possibly at a slightly higher price.
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indo1
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May 29, 2020, 05:26:15 PM |
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I see that you have raised about 500 000USD and number of tokens sold is: 23,319,754.73OKS. But, is that enough to start a project? I can´t find information about your soft-cap. Thanks!
Many startups make mistakes during early financing process and we are no different. It would have probably made more sense for us to do a smaller seed round and plan an IEO on a popular platform. By the way, we have been approached by Justin Sun and Poloniex Launchbase team and they are currently evaluating the project. It is likely that we will sell the remaining tokens via IEO, and possibly at a slightly higher price. this is good news sir, so will Oikos run IEO on the Poilinex exchange? That's a very good plan, sir. I can't wait for the announcement of the news about ieo to be preached here ,. I am waiting
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andriyana
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May 29, 2020, 05:53:51 PM |
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token sale via exchanges or IEO has become a trend now investors prefer to buy tokens in are in exchange and tokens are guaranteed to be registered in the exchange
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indo1
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May 30, 2020, 05:08:12 PM |
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token sale via exchanges or IEO has become a trend now investors prefer to buy tokens in are in exchange and tokens are guaranteed to be registered in the exchange
yes you are very right, because investors today do not want to wait a long time to be listed on the exchange, besides that investors also pay attention to the quality of the exchange, if the exchange has a bad reputation then of course the public will find out
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Iyeman
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June 06, 2020, 08:30:31 AM |
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token sale via exchanges or IEO has become a trend now investors prefer to buy tokens in are in exchange and tokens are guaranteed to be registered in the exchange
yes you are very right, because investors today do not want to wait a long time to be listed on the exchange, besides that investors also pay attention to the quality of the exchange, if the exchange has a bad reputation then of course the public will find out I hope that OKS can get a good exchange site to launch IEO. This is a successful project and it looks like there will be a big exchange site that interested to launch legit IEO. Im also wanna try to participate in the IEO too.
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