OIKOS: PROVIDING A FINANCIAL MERIT COLLATERAL TOKEN FOR USERS
There is only a few if not none of the blockchain platforms existing that can provide tokens and make them useful collaterals for any financial situation. At least I don't know any platform that is capable of doing that and so it makes this new platform OIKOS a special one. OKS is a simple but valuable token that supports fiats currencies and synthetic fiats assets the same way. So it empowers all the holders and make OKS token a useful collateral for Synths.
ABOUT THE OKS TOKEN
This token acts as backing for obtaining Synths. Minting Synths is a feature that is obtained through the use the decentralized application called minter. Through tje interaction of the minter and OIKOS contracts, the Synths are minted for the holders of the OKS tokens. Each time the Synths are minted by any OIKOS token holder, they are said to have incurred a debt and paying the debt demands that they unlock the OKS token.
Staking is an important aspect of this platform. However, there are two types of staking that can be done by users in the network; the OKS token staking and the TRX staking. TRX is another token of this platform, just like OKS but differs from the OKS in value and the way it is used. While OKS can be used to mint the Synthetic assets otherwise called Synths, TRX only allows the holder to borrow Synths and trade in the exchange to pay off the debt.
THE BENEFITS OF TRADING AS AN OKS HOLDER
Staking cannot be separated from this platform, it is beneficial for OKS token holder to stake the token and mint Synths but that is not all to why staking should be done. Staking should also be done to get incentives and exchange rewards. For instance, a OKS holder can exchange a Synth to another one on the OIKOS trading platform. This activity generates a reward that can be claimed by the users weekly because for every trade made, the fees involved would be sent over to accumulate in the fee pool of the system where all users can have access and claim their bonuses. The fee rate for the summation of trades done on the exchange would be analysed on the exchange. Asides this type of reward or incentives, holders of OKS will have access to staking reward in line with the monetary policy of the system. This enables the holders of OKS to enjoy pro-rata rewards, given in the form of OKS through the general distribution to make them have more of the OKS token for collateralization.
CONCLUSION
When you mint in this platform and you incur debt as said above, there are two things involved in that situation, your debt can either decrease or increase because the rates of the exchange and other parameters in the market. But the beauty of it is that the risk you take in the system especially when trading makes the stakers earn a right to the fee realized from the exchange and from the system generally.
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: Smartkeok
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2661446