INSIGHT INTO THE OIKOS PLATFORM
Before now, there has been no reliable system for the trading or investment in Synths.
For starters, Synths are known as synthetic assets, which is a term for valuable assets, which has the same worth as another asset.
These synthetic assets could be used to represent the other asset, with which it is considered to have the same worth.
Now that you know about Synths, let's go ahead.
Over the years, there have been different kinds of Synths such as cryptocurrency Synths, which will be our main focus.
With these cryptocurrency-based synthetic assets, cryptocurrency users are opened up to numerous valuables to invest in, while still in the cryptocurrency system, as they do not have to hold the actual assets they are investing in.
But, there are no systems which have what it takes to guide users through Synths trading, and the few available ones are not effective in helping users efficiently trade Synths, and profit from it.
Reason for the creation of the Oikos synthetic assets platform.
EXPLAINING THE OIKOS SYSTEM
The Oikos system is built on the Tron network as a decentralized protocol meant for the issuance of synthetics assets, using the Blockchain technology. It was created as a solution to the problem of lack of a reliable system for investment in synthetic assets.
HOW OIKOS WILL IMPROVE SYNTHS TRADING
Oikos will open up synthetic assets trading to the global masses especially the crypto enthusiasts looking to take part in these asset classes, by giving them the opportunity to trade and gain access to synths.
It collaterizes the synthetic assets with the Oikos token which could be staked by users to mint synths and earn staking rewards in the process.When the OKS token is staked on the system, the system captures some percentage of the fees paid by the general users during operations on the system, and then rewards the stakers, in tally with their staked tokens.
Oikos uses every tool in its arsenal just to ensure that all the users and digital asset traders get to take part in syntheticstrading.
Here are some of the tools...
TOOLS OF THE OIKOS PLATFORM
Oikos has also embedded into its system, a tool which will make synth pegging easier, in its quest to achieve an efficient system and acquire the needed liquidity for trading synths.
The Oracle is another tool of the Oikos platform, with which the system determines the worth of synthetics assets, using its sophisticated technology to get source of synths related data, which helps it place the value for every synthetic asset traded on the system.
Oikos exchange is a great milestone in Synths trading presented by the Oikos platform.
This exchange facilitates the trading of different synthetics in a fully decentralized way, giving the users an advantage over the regular centralized exchanges, as its activities cannot be manipulated by anyone, including the exchange order book.
To further improve user experience and make Synths trading easier for the users of the Oikos platform, it has also developed a decentralized application for the easy accessibility of the Oikos exchange.
OKS TOKEN
The Oikos Network Token is called the OKS, a very vital part of the Oikos system which is considered as the hinge behind the functioning of the system. The OKS token is used for staking, incentivising and collateralization of synths on the system.
REASONS TO HOLD AND STAKE OIKOS TOKEN
OKS holders get incentivised while they stake their tokens and mint Synths in so many unique ways.
Users who stake their OKS token get an exchange reward. The rewards are produced whenever a user exchanges one Synth to another like in the Oikos Exchange. Each exchange give rise to an exchange fee that will be sent to a fee pool, which will be only made available for OKS stakers to claim every week. This fee is between 10-100 bps .
OKS holders when they stake can be rewarded in another way which comes from the protocol’s inflationary monetary policy. OKS token is incorporated with an inflationary supply schedule. From the first year, 1,442,308 OKS will be added every week, which has a decay rate of 1.25% starting from week 40 and running for 194 weeks. At the week of 234 it will get to a terminal rate of 2.5% perpetual inflation. The OKS tokens will be distributed to the OKS stakers weekly which depends on their collateralisation ratio.
CONCLUSION
OIKOS platform is well designed to facilitate a gainful trade in synthetic assets, filling it with unlimited benefits for the users on the system.
It is now possible for users in the crypto space to invest in different assets without holding that asset, a feat which is owed to the creation of Oikos platform.
For more information visit
Telegram Group: https://t.me/oikoscash
Github: https://github.com/orgs/oikos-cash/
Litepaper: https://docs.oikos.cash/litepaper/
Website: https://oikos.cash/
Discord:
https://discord.gg/qjuqy6X
Follow on Twitter:
https://twitter.com/oikos_cash
ANN Thread: https://bitcointalk.org/index.php?topic=5241400
AUTHORS INFORMATION
Bitcointalk Username : Chicky213
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