OpenOcean (OOE) is coming to KuCoin this July 12 in their world premier listing. OpenOcean is a Defi and Cefi aggregator of the mainstream decentralized and centralized exchanges that offers the best price and lowest slippage with their deeply optimized intelligent routing algorithm.
OpenOcean is backed by Binance with the likes of top tier VCs that include Huobi, Multicoin Capital, CMS Holdings, Kenetic, Altonomy, OKex Blockdream ventures, LD Capital, DAOMaker, FBG, TRON Foundation, and others.
Here is a schedule for the OpenOcean world premier listing on KuCoin; the supported trading pairs will be OOE/USDT at the time of launch.
Supported Network: ERC20 / BEP20
Deposits: 11:00 on July 12, 2021 (UTC)
Trading: 13:00 on July 12, 2021 (UTC)
Withdrawal: 10:00 on July 13, 2021 (UTC)
To reward the early participants, 2% of the OOE tokens will be claimable as airdrop on the official OpenOcean website. OpenOcean currently supports the Ethereum Network, Binance Smart Chain, Polygon, Solana, Tron Network, Ontology Network, and Ethereum Layer2 (Loopring). The OpenOcean BSC network will soon support Liquidity Mining, and the OpenOcean Polygon network will launch the Trade mining program soon.
OOE Token Highlights
OOE is the native governance token of the OpenOcean platform. OOE governance token serves the following six main functions for the platform:
Community Voting Rights: The OOE token holders will have the community rights, and they can participate and vote in various governance-related activities on the platform, such as voting on the integration of their favorite project.
Lower Fees: OOE will be used as a gas fee or trading fee in single chain swap and cross-chain swap transactions on various public blockchains. OOE token holders will also enjoy much lower trading costs to save up on gas fees. They will get subsidies on slippages, which is prevalent in AMM-based DeXes, to minimize their losses.
Liquidity Mining: OOE token holders have the opportunity to participate in the liquidity mining programs with the following supported LP pairs: OOE/BNB, OOE/BUSD.
VIP Membership: Investors with large holdings can become VIP members and enjoy various benefits such as trading fee subsidies, taker/maker fee premiums, token withdrawal fee subsidies, and limited access to the institutional SaaS arbitrage tool.
Derivatives Combined Margin: Token holders can use cross margin pooling to trade with less margin.
Lending: OOE Tokens can be used as collateral as a margin for lending.
Tokenomics
The total supply of OOE tokens is capped at 1 Billion. Here is a detailed breakdown of the OOE tokenomics structure. Please note that the final tokenmoics structure will be disclosed at the TGE (Token Generation Event).
5.6% distributed over 2 years to strategic investors that are partnering with us to create a sustainable ecosystem
7.4% over 2.5 - 3 years for private placement and strategic round 2
29% over 3 years for OpenOcean Lab to support protocol development, onboard value-adding ecosystem partners, community developers and bounty programs
33% over 5 years for liquidity mining to encourage future liquidity providers and incentivize users
7% over 3 years to ecosystem foundation that manage OpenOcean ecosystem building, community incentives, marketing, and campaigns
16% over 3 years for the team and advisors
2% to our early users which are distributed upon token issuance
OpenOcean Protocol Highlights
OpenOcean is a decentralized aggregation protocol that aggregates various decentralized and centralized exchanges using an optimized intelligent routing algorithm, offering the best price and lowest slippage for traders.
Along with proprietary discovery and routing algorithms, OpenOcean protocol has deployed public smart contracts on all the aggregated public chains. To split the routing between different protocols, the protocol uses the Dijkstra algorithm (D-star) for more efficiency and better rates.
The OpenOcean protocol also offers APIs and SaaS arbitrage tools so traders can benefit from the automated arbitrage opportunities on the platform. Beyond the token swaps, the OpenOcean protocol will also aggregate derivative, yield, lending, and insurance products. The OpenOcean team will soon be launching a range of different combined margin products and intelligent wealth management services.
Final Thoughts
The OpenOcean project is certainly the kind of opportunity that you shouldn’t miss. OpenOcean is the first aggregator platform on Binance Smart Chain, Solana and TRON, among others, connecting the fragmented DeFi and CeFi markets.
OpenOcean supports cross-chain interoperability, and will be live on Ethereum, Binance Smart Chain, Polygon and Ontology. Polkadot integration is currently in the pipeline, and more Ethereum Layer 2 networks will be added so traders can save gas fees while swapping Ethereum-based tokens.
OpenOcean Introduction (Technology): To learn more about the technology behind OpenOcean protocol and how it works, head over to this blogpost.
KuCoin Official Announcement for OpenOcean Listing: To learn more about OpenOcean getting listed on KuCoin, head over to this official announcement where you can find all the official details.
OpenOcean Official Website: openocean.finance