OIKOS: A SYNTH ISSUING NETWORK FOR USERS
INTRODUCTION
The necessity to own synth is becoming glaring to all investors now seeing the benefit it brings and the advantage it will add to the trading of cryptocurrencies. Synths are special types of assets that can be used to acquire greater assets which are even more valuable but then, only few are made to assess this so-called gems in many centralized network. Now, it has become so a possibility to have them and also enjoy other trading features in the new platform called Oikos.
THE RELATIONSHIP BETWEEN OIKOS AND SYNTHETIC ASSETS
Oikos as a unique Ecosystem that is well structured on the Tron company is putting forward a platform where synths as peculiar asset type can be gotten and used with the available assets of users. It unveils as a collateral model that makes conversion of the assets possible as smart contracts are used. However, the platform made the OKS token a collateral through which Synths can be issued or obtained and that points to the fact that everything underlying the holding or use of Synths is based on the availability and use of OKS token. The OKS token is also important for users to be incentivized, to stake and contribute to the growth of Oikos. The synth exchange in this platform makes synth a source of revenue where fees are gathered and are used to determine the value of the OKS token. Trading is possible on the Oikos exchange and that does not mean the trading of Synths alone but of other tokens.
THE IMPORTANCE OF TRADING SYNTHETIC ASSETS
Usually, the underlying resources of many assets are sought and known before holding or using them but that is not so with synths. They provide the exposure to the users or owners and provide advantages like the sure possibility of switching between different assets when the need arises in an exchange. It also makes the user or owner able to improve on what they have and have assess to other great asset.
WHY SHOULD YOU USE OIKOS EXCHANGE?
This platform Oikos, extends in liquidity and respects the collateral volume to judge its liquidity. This prevent the slippage in the exchange to the advantage of traders. The exchange rates in this exchange is judged by the feedback it gets from the price feed of the system. The Oikos.Exchange dApp works for this purpose and through it, on chain trading is possible.
The Synths to be issued on this platform is backed up by the OKS and useful as a collateral substance with a full ratio of 800%. Holders of the OKS token can mint the Synths USD with their balance and have it unused untill they begin to get the returns of the staked balance in their wallet.
CONCLUSION
This is what it means to use Oikos, Synths will become as regular and useful to trader just like the other asset types. You can take a step by first in subscribing and then loading funds into your wallet to stake them for the Synth. I hope you find this platform as interesting as it really is and then be free to refer others when you start deriving the benefits.
USEFUL LINKS
Github: https://github.com/orgs/oikos-cash/
Medium: https://medium.com/@oikoscash
Telegram: https://t.me/oikoscash
Twitter: https://twitter.com/oikos_cash
Facebook: https://www.facebook.com/Oikoscash-102203241479884/
AUTHOR'S DETAILS
Bitcointalk Username: Bububoyeer
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2661499