OIKOS: THE OIKOS PLATFORM AND SYNTHS

Just like the Synthetix platform is a decentralised platform that facilitates the issuance of synthetic assets, the oikos platform is also in the business of issuance of synthetic assets but the major difference between the two platforms is that synthetix is built on ethereum network while the oikos platform is built or developed on the tron network system. But in this context, emphasis will be laid on the oikos platform. But before commencing with what the oikos platform is all about and it's core mission and agenda, it is highly important to first understand what "synthetic asset" which is the core highlight of the article is all about.
Synthetic assets in general term is an asset which is said to provide a certain level of exposure to an asset without necessarily holding the underlying resources. Synthetic asset also can be refered to a mix or blend of assets which have the same values as another asset. While oikos platform in summary is a platform that is set to add decentralised values to synthetic assets.

THE OIKOS PLATFORM AND SYNTHS
Synths are refered to "synthetic assets" and on the oikos platform, the will be backed by the OKS which is the principal network token of the oikos platform.
Theses synths will be minted anytime an OKS token holder stakes their OKN as collateral using minter which is a decentralised app used for interacting with the synthetix contracts. Also in the process of minting Synths, debts are however incurred by the OKS and to leave the system which is simply the unlocking of their token, users will be therefore required to pay the debts.

CURRENT RISKS FACED BY THE OIKOS PLATFORM AND HOW THEY AIM TO RESOLVE IT

• RISK: Due to the fact that the oikos platform is still in the experimental phase, one can easily agree that there are several risk said to be associated with the current architecture. Another risk is the debt incurred by the oikos platform users when staking their OKS in regards to mint synths. Also due to the fact that the price of other cryptocurrency assets revolves around the price fluctuations of bitcoin, there maybe also price fluctuations in the price of OKS as a result of the effect of bitcoin on other cryptocurrencies.
  -RISK RESOLUTION: Due to how comitted the oikos platform's team is towards the actualisations of possible lasting solutions to the above listed risks, the platform has gone into partnership with chainlink which is a core provider of decentralised oracle solutions.
  Also the platform has also introduced regular community governance as well as a formal change management process and all this is to make the community fit into the mission of the platform.

THE OIKOS EXCHANGE AND BENEFITS IT WILL OFFER TO TRADERS
Carrying out trading related functions on the oikos exchange will provide traders with numerous advantages or benefits. This benefits ranges from offering a system that is way better than the centralised exchange system. Also values will be assigned to all assets on the platform's exchange system through the use of oracle then which will be converted using the oikos exchange dapp which will then provide a certain level of liquidity.

PLATFORM'S NETWORK TOKEN
The platform token of the oikos platform will be known as the OKS and it is this token that will be used to stand in as collaterals when minting synths as well as other functions expected of a utility token.

CLICK ON THE LINKS BELOW TO KNOW MORE ABOUT OIKOS PLATFORM

Join the 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

Bitcointalk Username of The Writer :
Jayceem08

Bitcointalk Profile Link of The Writer:
https://bitcointalk.org/index.php?action=profile;u=2550195