OIKOS: HOW TO GET SYNTHS WITH OKS TOKEN
BRIEF INTRODUCTION
This platform is built on Tron with so many advantages for users of the network and holders of the OKS token amount which the transactions and minting of synthetic assets can be completed in the platform.
ADVANTAGES OF OIKOS
Oikos has many advantages like the exchange activities that uses smart contracts rather than the old systems' order book. This contract based exchange makes the transactions smooth and in many ways different from the centralized exchange ways of doing the same thing. The results gotten by traders in this type of exchange is way different and preferred to what other platform could give and so it means the order book type of exchange is not the best for blockchain users, instead, using contract to execute the transactions is far better off. This is how the P2C type of execution program is gotten, it means peer to contract. Users directly access contracts and those contracts automatically do the job without any party involved. All the assets to be used or exchanged by traders in this platform will be assigned their real price and the exchange rate just the way the market price is gotten through necessary feedbacks.
Oikos provides the exchange Function through the Oikos.Exchange App, and in it, all the whole trading process is done conveniently. Liquidity is also check balanced in the platform as all users are given the medium to transact almost at the same time without one affecting the other on the permissionless network where there is zero slippage time. Chain trading is done and synths are converted easily just like they are minted by users with the OKS token.
THE WAY SYNTHS WORKS IN OIKOS PLATFORM
Usually, synths have been known to often times attack the price of any type of assets underlying it but in this platform, all it does is not restricted to just that but it helps to gain access to other useful assets which is an advantage for having them. So, being backed with OKS means the holders of OKS will have access to other meaningful assets even while staking and minting the sUSD still. There is no way they would be affected by the negative movement of the market price because synths are not usually judged that way unlike many cryptocurrencies. The accepted collateral ratio is 800% and that stands for all categories of Synths to be minted in Oikos exchange.
CONCLUSION
The Synths available in this platform are in different form which users can mint. This types varies because of the way they are minted and the type of currency they represent. Basically, there are just five categories for users to know. There is the commodity synths, the inverse synths, the Fiat currencies, the cryptocurrency index and the main cryptocurrencies themselves. However, these are just generally the class of Synths because there are synth class for the Fiat world, like the sKRW, sUSD and sEUR which represents real like fiats money as synths simply because of the high value they hold in the Fiat world. They are therefore transited to the digital world as synths and made more interesting and useful.
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: Wrichmond
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2824482