OIKOS: SHOWCASING THE BENEFITS OF SYNTHETIC ASSETS IN THE DIGITAL ASSET INDUSTRY
INTRODUCTION
Making Investments in digital assets industry is likely to stimulate any individuals or system, thereby encouraging financial freedom. However, the fluctuation in the price of assets, results to a major disparity in value, during transactions. Therefore the issue of dearth of liquidity for users, including other investors is being left behind.
In fact, a system is required, to channel the advantages of the digital assets sector and positively affect the global financial system by making the investment into digital assets to be simpler and profiting. This is where crypto synthetic assets come on board.
WHAT ARE CRYPTO SYNTHETIC ASSETS?
These are assets that crypto users a known amount of exposure to various assets without requiring to hold any underlying asset i.e. fiat currencies to other commodities like gold, silver, or even index funds or other digital assets. However, enjoying full advantages or features entitled to synthetic assets while making use of OKS as collateral is the major aim of the Oikos platform.
ABOUT THE OIKOS PLATFORM
Oikos platform refers to a Tron blockchain port of Synthetix which happens to be a synthetic assets platform that offers an on-chain exposure to fiat currencies, commodities, stocks and indices. On this platform, synthetic assets will have a backup from the platform's network token called OKS. However, OKS will be locked into smart contracts serving or standing in as collateral. In addition, on the Oikos platform, there will not be any constraints in regards to liquidity while trading on the Oikos exchange in real-time.
THE STRUCTURAL DESIGN OF THE PLATFORM
The structural background of the Oikos platform is made up of essential tools like;
• Minting Synths: involves users sealing their OKS as a form of collateral while minting synthetic assets.
• Exchanges: has to do with the processing of smart contracts exchange of minted assets.
• Claiming fees: are extracted when users are exchanging minted assets.
• Burning debts are what all users may be asked to pay during the process of reclaiming their staked OKS.
• The oracle: is a protocol that utilizes an algorithm to deduce the values of all synthetic assets on the Oikos platform itself.
WHAT IS THE OIKOS EXCHANGE SYSTEM ALL ABOUT?
The Oikos Exchange is actually a decentralised exchange system that gives people the permission to buy or sell synths through the OKS and smart contracts without the consent or involvement of any trade intermediary.
OVERVIEW OF THE OIKOS TOKEN
Oikos token is called OKS. It will serve as a token which will be utilized as collaterals when involving in transactions related to synthetic assets. It can be swapped to a TRC-20 token to be used on Tron blockchain tech system.
CONCLUSION
Making Investments in synthetics is another great plus in the digital assets industry, which is filled with lots of advantages for the users. We already have Oikos platform is at the forefront of this progress and has devised means with the necessary mechanism to ensure that users obtain the best from transactions on digital assets.
All these innovations and systems are working harmoniously adoption. Once achieved as envisaged, it will help improve the digital system and strengthen the world's financial system at large.
For more detailed information, please kindly visit the below links;
Website: https://oikos.cash/
Medium: https://medium.com/@oikoscash
Bitcointalk: https://bitcointalk.org/index.php?topic=5243484.0
Github: http://github.com/oikos-cash
Telegram: http://t.me/oikoscash
Twitter: http://twitter.com/oikos_cash
Discord: http://discord.gg/qjuqy6X
Litepaper: https://docs.oikos.cash/litepaper/
AUTHOR
Bitcointalk Username: Intertek
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2760026;sa=summary