In the last ten years, we ve seen blockchain technology evolve into a vital component of human existence, it's capabilities in areas of security, transparency and investment have continued to increase. Blockchain can best be described as a growing list of blocks linked via a cryptographic process and every block is comprised of sets of cryptographic hash of the preceding block with a time stamp and transaction data feature for ensuring user best experience.
With all this modalities in place, I believe it will be completely impossible to alter the system. Blockchain is solely an open distributed ledger that has the capability to take transaction records in a uniquely efficient manner.
The acts of investment exist in different forms and places, Making investment in digital assets has overtime become a sure stimulant of individuals and systems, digital asset is gaining credence because it's capable of promoting and reinstating an unprecedented level of financial safety and freedom. Sadly, the volatility of asset price overtime is a turn off for many, this challenge creates adverse liquidity issues especially for ardent investors in the crypto-space. As we savour the year 2020 and it's very many challenges, the need to properly harness, channel and reform the advantages of digital asset for a better globalized financial system has become a necessity.
The oikos project; a crypto synthetic asset is at the forefront of making the crypto-space become better like never before.
WHAT IS CRYPTO SYNTHETIC ASSETS?
Crypto synthetic assets can best be described as assets that can create and command an equivalent status of traditional fiat currencies to other commodities like gold, silver, diamond, index funds etc. The oikos project is poised towards taking advantage of the positives of synthetic assets and then use the OKS
utility token as collateral on the oikos platform.
THE OIKOS PLATFORM PROPER.
It's a duely designed Tron blockchain port based platform, the platform is a synthetic assets platform that is meant to offer an on-chain exposure to different fiat currencies, indices, stocks and commodities. Every synthetic assets on the platform has a commensurate amount of back up OKS token to serve as it's collateral. The smart contracts serve as a veritable locker for OKS token, the oikos platform is no doubt a great platform that will not only eliminate the age-long issues of liquidity in real-time trading but it will give fiat currencies the opportunity to operate like decentralized currencies.
COMPONENTS OF THE OIKOS PLATFORM.
Haven intimate you on the capabilities of the oikos platform and I feel it will only be natural if I also outline and explain the key components (architectural design) of the oikos platform.
(1) Minting synths: this is process in which users seal there native tokens (OKS) to act as collateral during the process of synthetic asset minting.
(2) Exchange: it's where the trading happens, the exchange processes smart contracts of all minted assets.
(3) Claiming fees: its deducted whenever users exchange minted assets.
(4) Burning debt: staked OKS can only reclaimed when the burning debt is paid.
(5) The Oracle: the exact values of all synthetic asset on the oikos platform can be inferred, because the Oracle operates as a unique protocol relying on algorithms to operate.
OIKOS TOKEN
The oikos platform has its native utility token and it's symbolized as OKS, it's the token used as collaterals during the transactions related to synthetic assets, it's also usable on the tron tech system.
ABOUT THE OIKOS EXCHANGE
It's a unique decentralized exchange that has been carefully designed to facilitate processes of buying and selling of synths through the OKS token and smart contracts using modalities that makes the exchange free from third parties and intermediaries.
CONCLUSION
Oikos is indeed the first blockchain based project, with features that supports the making of wholistic investments in synthetics, it portends a new era of possibilities in the crypto-space because it makes fiat currencies behave like digital currencies. Oikos is indeed a masterpiece currently leading the way and it will only continue to get better.
For more information please visit
Website : https://oikos.cash/
Litepaper : https://docs.oikos.cash/litepaper/
Twitter : https://twitter.com/oikos_cash
Medium : https://medium.com/@oikoscash
Telegram : https://t.me/oikoscash
Discord : https://discord.gg/qjuqy6X
GitHub : https://github.com/orgs/oikos-cash/
Writer's Details
Bitcointalk Username: freny250
Profile Link: https://bitcointalk.org/index.php?action=profile;u=2528207