OIKOS.CASH, A GROUND BREAKING REVOLUTION IN DIGITAL ASSETS TRADING SYSTEM.
GENERAL OVERVIEW
Cryptocurrency industry is a developing industry that still need more time for its proper growth and developments. As we all know, Rome wasn't built in a day, despite the shortcomings in the industry, the growth never stopped. All neccesary infrastructures needed to take the industry into the mainstream are Work In Progress. The industry experts are working round the clock to fix all necessary mechanisms that will facilitate global adoption of cryptocurrencies. In this blog, I will introduce my readers about a ground-breaking Blockchain project named Oikios Cash. It is a revolutionary decentralized Exchange that will be bridging the gap between cryptocurrecies market and conventional financial market. I do believe everyone will find this project very interesting.
ABOUT OIKOS PLATFORM.
Oikos is Tron based Blockchain platform where on-chain synthetic assets can be created. All Synthentic assets created on this platform are backed by (OKS) which is the native currency of Oikos Platform and locked Smart contracts as Collateral. SYNTHS such as Fiat currencies, stocks, commodities, and more can be created on Oikos platform. Oikos decentralized Exchange system support numerous types of assets such as Commodities like Gold and silver represented by XAG and XAU respectively. Crptocurrencies and traditional stocks such as Amazon, Google, Apple is also supported on Oikos platform. Fiat Currencies in the form of USD, GBP,CAD, and more also supported on Oikos platform. All these assets can be created on-chain on Oikos Platform in the form of SYNTHS and traded. There are lots of products supported by Oikos platform.Another functioning mechanism on Oikos platform is the MINTER. Oikos Minter is a decentralized application where OKS holders perform different actions in the network. It enables the platform users perform multiple functions such as
1 Minting of Synths,
2.Synths burning
3. ollaterization ratio management
4. Access account balances and Mint history
5. Unlocking Escrows OKS token
6. Fees collection and more
In this article, for a better understanding of my readers I will:
(a) Explaining about Synthetic Assets and how they are being issued and traded on Oikos Exchange.
(b) Explaining why Synthetics are necessary to be integrated into Cryptocurrency market.
EXISTING CHALLENGES IN CRYPTO INDUSTRY
Some investors don't take interest in cryptocurrency as the use case primarily continue to be as speculative instruments. For now, cryptocurrencies has not yet qualified to function as a proper medium of exchange, investment instruments and Store of value due to its high level of volatility and lack of scalability. As a speculative form of investment instrument, to some extent, it provides liquidity in the market and allowed the inward and outward movement of investors.One major setback of Crypto industry is illiquidity. WholeSale Investors are somewhat being skeptical about investment in this class of asset and this is the primary cause of low market liquidity. While Google stock 24 hours volumes sometimes moves around $7.8 billion, Bitcoin 24-hours market volumes are below $900 million dollars. Cryptocurrency Market liquidity is another limiting factors preventing wholesale investors in the market.
This problem of low market liquidity warrants the needs of integrating sophisticated financial instrument such as SYNTEHTIC ASSET also known as SYNTHENTHICS into the market system in other to facilitate liquidity and attracting both retail and Institutional investors into the market
SOLUTIONS OFFERED BY OIKOS PLATFORM
1. Cryptocurrency trading has limited liquidity. This is one of the reason why Oikos brings in the idea of Decentralized Finance and Synthetics.This innovation encourage assets scaling in which real-world assets are being created on Chain in a trust-less manner. As mentioned in the paragraphs above, Fiat Currencies such USD and GBP can be created On Chain including some other class of Financial instruments. Possibility of creating Fiat Collateralize Stable-coin such as Tether, USDC, and some others without having to hold the real assets are ascertained in Oikos platform. In reality, they have created an avenue in which multiple financial assets can be easily acquired though this requires some process which i will still explain in this article.
2. Provision of Liquidity: Oikos innovation will scale liquidity for the platform users.Unlike in some cryptocurrency exchange set up where there is always the problem of Liquidity .Synthetics would help markets to scale their operations through positions hedging and profit protection.
3. Friction-less Cross Chain technology: In the past, cryptocurrency markets has suffered some limitations in which there is a limitation in the communication among blockchains. These problems cause limited assets in some decentralized exchange. Oikos platform is offering the best cross chain technology in which there will be no limits in blockchain communication. Syntethic price visibility, traders don't have any cause to have direct ownership of an asset.
HOW DOES OIKOS PLATFORM WORKS?
Oikos allows any user to create new Synths by staking their OKS token at 750% Collaterization ratios. For a user to be able to issue 100 USD worth of Synths, they will need to stake $750 worth of OKS token. Whenenever Synths is issued, a share of global debts is being assigned to them which must be repaid to unlock their staked tokens. Thee Global debts is equivalent to the total value of the USD value of the Synths in the circulation. Every time new Synths are issued, personal debt are recalculated or paying back the debts. The shakers are rewarded in the system due to the fact they are taking risks to stabilize the system.They receive reward in 2 ways. From the Synth exchange fees and through the inflationary OKS supply.
CONCLUSION,
Oikos Cash innovation encourage assets scaling in which real-world assets are being created on Chain in a trustless manner. Fiat Currencies such USD and GBP can be created On Chain including some other class of Financial instruments. Possibility of creating Fiat Collaterized Stablecoin such as Tether, USDC, and some others without having to hold the real assets is ascertained in Oikos platform. This is a true revolution in Crypto Space. Trading in multiple digital assets in the form of Synths will encourage trading system. Traders can trade seamlessly without boundary. This is indeed a very brilliant innovation. Don't miss out.Be part of the early adopter of OKS token.
Official Resources
Website: https://oikos.cash/
Oikos Exchange: https://oikos.exchange/
Lightpaper: https://docs.oikos.cash/litepaper/
Github: https://github.com/orgs/oikos-cash/
Twitter: https://twitter.com/oikos_cash
Discord: https://discord.gg/qjuqy6X
Telegram : https://t.me/oikoscash
TOKEN SALES/TOKENOMICS INFORMATION :
https://medium.com/@oikoscash/oikos-token-sale-faq-af934a8d81f0
Authors info
Bitcointalk Profile url : https://bitcointalk.org/index.php?action=profile;u=2694371
Bitcointalk username : Abosedemop
Trx address : TJHeZUWLjwRAS8uPGzaHDCfw7r9RrEzSmQ