Overview of Oikos
Introduction
In today’s crypto market, various tokens and coins exist. What is common to all is their blockchain technology. However, the focus and approach of quite a number of these tokens is different. More so, there has been an implementation of autonomous structures to ensure there a greater ease in crypto activities. Oikos is a platform built on the blockchain technology. It is a relatively new decentralized medium that is built on the Tron blockchain technology.
The tron network is a crypto structure built a few years ago. It is solidly compatible with solidity and ethereum. This has made it a great foundation for building many DeFi projects. The most vital feature why oikos project utilizes the tron technology is its ability to perform cheap transactions with lightening speed.
What is Oikos
Oikos can simply be described as an enabling platform for the seamless formulation of on-chain synthetic assets. The created assets hand other assets proper exposure by monitoring their real market prices. These assets can include various fiat currencies, traded shares of notably companies and commodities like gold. Frankly, oikos is a platform developed to bridge the gap between the crypto space and the traditional financial system.
Why should you invest in oikos
As investors, it is necessary to ask questions. This will help to ensure one understands the full operational capacity of the system. The oikos project is focused on synthetic assets. These are rarely seen in the crypto space. So, is there a key advantage? Of course!
The synthetic assets allow investors to diversify their interest and investments without having to leave the crypto space. Notably, when dealing with synthetic assets, all operations are handled via smart contracts. This helps to maintain maximum decentralization and security within the network. This is vital to the oikos project as investors do not have to fear the effects of third party attacks.
Furthermore, synths have the capacity to resist the pulls of cost and risks that are in relation to storing and transacting with the tracked asset.
The operational structure of the Oikos system
The oikos project is driven by its native token, the OKS. The token is the key ingredient to the minting of synthetic assets. The synths are created by locking OKS tokens into a smart contract. Notably, to mint an amount of synth, 7.5 times the amount of synth is required to be locked in the contract. This helps to maintain network stability.
The value mechanism of the OKS
The oikos network is a platform that allows for smooth exchange of tokens. It creates a market for crypto assets to be traded well above the strings of liquidity and market volatility. When the exchanges are made, a proportionate fee is charged. The fee is distributed among the network token stakers. The incentives (distributed fees) are used to drive up the issuance of synths. They also help to maintain a healthy collaboration ratio within the system. This helps to increase adoption and growth of the OKS token.
Conclusion
The oikos network is a platform that eases the process of crypto exchanges. The structure also allows the use of synthetic assets that are very good in the use of value storage. Notably, the network favours investors to a great extent allowing them to hold asset that are not affected by the market conditions.
USEFUL LINKS
Website: https://oikos.cash/
Twitter: https://twitter.com/oikos_cash
Facebook: https://www.facebook.com/Oikoscash-102203241479884/
Telegram: https://t.me/oikoscash
AUTHOR'S DETAILS
Bitcointalk Username: Chidoskim
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2652432