FINALLY! A BRIDGE BETWEEN THE CRYPTOCURRENCY ECOSYSTEM AND LEGAL FINANCIAL INDUSTRY.

in #tron4 years ago

For years now, we have had drastic advancement in the adoption cryptocurrency as a result of its decentralization. Decentralization is one key element/characteristics as regards to the use and exchange of cryptocurrency. With decentralization brings about freedom , elimination of intermediaries, no central owner or centralized control. In as much as this is awesome, there has been arising problems in the legal sector as the exchange of cryptocurrency was being regulated thereby defeating the whole purpose of decentralization in the first place.

As a result of this, there is need for a suitable was for decentralization to serve its purpose and asides that, there is need for platforms to build on the basis of this. This brings me to introducing OIKOS project which is using a DeFi (Decentralized Finance) technology into Tron network to create a decentralized exchange.

WHAT IS OIKOS?
Now let's look into Oikos properly. Oikos is a project that aims to create a decentralized cryptocurrency exchange platform that will operate on the basis of the Tron blockchain. Oikos is working on introducing DeFi technology into the Tron network. Simply, this means that in the conditions of a difficult economic situation and a general market drawdown, the Oikos team creates a truly necessary project with a reserve for the future, not pursuing fast economic benefits and fully reflecting the crypto-financial policy of this industry.

One interesting thing about the oikos platform is the ability to trade synthetic assets. Lets look into what synthetic assets are. Synthetics are the collateral which backed the value of other financial assets, they are financial tools that stimulate other financial instruments. Synths consists of one or more derivatives, these are assets based on the value of underlying assets. With Synthetics, investors or traders will be able to conduct easy funding, liquidity creation and having access to the market.

How does this relates to Oikos? , Oikos is a blockhain powered synthetic asset issuance platform based on Tron Network. It enables the creation of on-chain synthetic assets that give exposure to other assets by tracking their real-world price. Examples include fiat currencies like Euro, Pounds and commodities like gold and silver. It doesn't end there. Oikos platform also supports any kind of asset, including market traded shares like Google, Apple etc., indices, futures, options and CFD.

OIKOS EXCHANGE

Oikos Exchange offer user friendly and interactive interface where conversions of varieties of Synths can be done. Synthetic form of Fiat currencies, cryptocurrencies and commodities are accessible and available for the users in Oikos Exchange. These Synths are 100% backed by OKS. OKS is the internal token which will act as a security token to ensure the release of the synthetic asset. The platform revolves around the OKS token.

Oikos platform also consist of Minter which represent a decentralized application that allows OKS holders performing various task in the Oikos Network. Oikos Minters offers clear and interactive platform which enables the platform users to mint and burn Synths, Collaterization ratio management, and collection of fees generated by circulating Synths. It also allows Escrowed OKS token unlocked.

In Oikos, Synths are minted by locking OKS tokens into a smart contract. The system currently requires that you lock 7.5 times more value than the synths you mint. For example, suppose the OKS token price is 1 USD (for sake of simplicity), if you want to mint 100 USD, you will need to lock:

100 * 7.5 = 750 USD worth of OKS tokens.

This is done to provide stability to the system via "over-collateralization".

In the case of a black swan event or a sharp decline in OKS price, the system has enough value locked to liquidate and cover the market value of synths minted.

TOKEN SALE DETAILS
As of the day of writing this 11th of may, 2020, the token sale starts in less than 9 days.

Also, Oikos will be conducting an airdrop campaign from 11th of May to 18th of May. For more information, see the Airdrop link below.

TEAM

CONCLUSION
Oikos is a revolutionary project that exceptionally bridge the gap between the legal financial industry and the world of cryptocurrency through its decentralized synthetic asset issuance and exchange system. Finally, this brilliant innovation is what decentralization is all about and will grant potential trader and investors access to varieties of Synthetic assets in the form of Fiat Currencies, Commodities, Stocks, Futures, Indices, and many more.

For more information on this project, visit:
Website: https://oikos.cash/
Oikos Exchange: https://oikos.exchange/
Lightpaper: https://docs.oikos.cash/litepaper/
Github: https://github.com/orgs/oikos-cash/
Twitter: https://twitter.com/oikos_cash
Discord: https://discord.gg/qjuqy6X
Telegram : https://t.me/oikoscash
Airdrop: https://medium.com/@oikoscash/oikos-airdrop-for-beginners-650e7c0cb7a1

Author: Brightdhykseen
Bitcointalk profile url: https://bitcointalk.org/index.php?action=profile;u=1048662
Tron adddress: TSHkKS2jbWN3PSKLzFEC6VGoFcGxVkcqEc

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