OIKOS: A SIMPLE WAY TO GET SYNTHETIC ASSETS USING OKS TOKEN AS COLLATERAL
INTRODUCTION
There are so many types of assets in the blockchain world as well as the Fiat world. They present the financial users with multiple options and makes investments simple and easy. There are so many ways traders are presented with assets, some of which might require collaterals to get and some other less valuable ones. With all of these options existing, I bring you a better way to invest in synthetic assets and own them without the need for anything except the OKS token of the Oikos platform.
WHAT IS THE OIKOS PLATFORM?
A perfectly decentralized platform, also an exchange designed by Tron has just been unveiled. Oikos is a community of cryptocurrency that helps everyone involved in it to have access or use different types of synthetic assets also known as synths while using the OKS token as collateral. This is a very nice collateral model that will be involved in issuing Synths, using smart contracts and avoiding the involvement of third parties that can otherwise cause a problem. The issues that have been causing setbacks for DEX's platform would be managed by Oikos and so the introduction of Oikos' will resolve liquidity issues as experienced by investors to have all long and short cryptocurrencies well supported.
OIKOS USERS ADVANTAGE
As a holder of the OIKOS token, incentives are the benefits to be recieved. For all the activities of the platform during the exchange and other transactions, holders of the token will get a calculated proportion periodically and reward them for any contributions they make in the ecosystem. The activities of the users in the platform will be the determinant of the OKS token value. OIKOS also own an exchange where users of the project can trade and others who don't even have the token, it is opened for all and trading will also be one of the main activity of OIKOS.
THE STRENGTH OF OKS TOKEN
The OKS token is to be used for some essential purposes and one of it is to be used as collateral for Synths through their staking. The platform allows the holders of OKS to stake the token through the minter that is capable of interacting well with the contracts of this platform. OKS is able to stand as collaterals for the Synths because of the high ratio of collateralization it is able to get. Having Synths is just like owning a debt, of which burning of the Synth asset is the only way to be free from the debt. The platform has it way of making users get what they want and to that end, it has an alternative to the use of OKS as collateral. It also has the TRX which users can still trade with after using it to acquire the Synths.
CONCLUSION
This platform has just introduced a wonderful concept of using Synthetic assets and also doing well while trading on its exchange. This platform is intended to change the financial scope of the users and to make them see trading as an effective tool for using cryptocurrencies and growing their finance. Are you an investor or a low class trader, you can do so very much, its just a matter of following the footsteps and easy provision of OKS Token
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: Goldada
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2659339