INTRODUCTION
The role of the blockchain technology in today's society cannot be over emphasized. It has been a very revolutionary tool since its inception, transforming the methods of performing diverse activities and functioning within the global population.
Various facets of life which include communication, transportation, healthcare, and so many others that utilise the blockchain technology have recorded breathtaking improvements, an increase in functionality as well as output rate.
In this current economy where legal tender is digitized,the blockchain which possesses a totally decentralized structure has as well influenced people's perception and usage of currencies,crypto coins which can only be transacted without intermediaries have been swiftly gaining grounds in the ecosystem.
These digital tokens have been designed to simplify transactions for users and proffer them an opportunity to acquaint themselves with a more effective and seamless way of using currencies with the aim of curbing the complexities obtainable in centralized financial institutions.
Unfortunately, their are only a few ways one can get one's hand on these digital tokens,they are
Initial Coin Offering(ICO) held on the cryptocurrency platform
Secondly, decentralized exchanges (DEX) where these tokens can be listed and are tradable.
Obviously, a great number of DEX where individuals could gain access to digital tokens are quite centralized, this makes it difficult for users to assume management and control over their assets, a factor that violates the philosophy behind the integration of the blockchain technology into the financial system.
INTRODUCING OIKOS PLATFORM - A DIGITAL MARKETPLACE FOR SYNTHETIC ASSETS.
This is a completely decentralised synthetic asset issuance protocol developed on the TRON network, these assets are secured with the OKS network token as collateral which when locked up in the contract,prompts the allotment of synths to users.
OIKOS platform is designed to facilitate liquidity in the cryptocurrency ecosystem. Users who have been provided with synths can conveniently perform unmediated conversions or change from one synth to another with the smart contract (P2C trading) terminating the unnecessary presence of intermediaries in the transaction process.
Furthermore, OIKOS platform makes provision for users to stake their respective tokens and get incentives for their contribution to the networks. A pro rata part of the fees generated through activities on the OIKOS platform is distributed among users as reward for staking their tokens.
Amazing, isn't it?
OKS AS COLLATERAL FOR SYNTHS, HOW IS THAT POSSIBLE?
Well, as we already know, synthetic assets are backed by OKS,the production of synths is initiated as soon as users stake their OKS token on the platform, this is possible with the utilisation of a decentralized application for communicating with the OIKOS contract called Minter.
Synths are backed by an 800% collateral ratio, which is subject to adjustments through community governance mechanisms.
Once synths are minted, users who have their OKS as collateral in the contract incur debts,in order to unlock their OKS tokens and exit the system, they must pay those debts incurred by burning their synths.
OIKOS TOKEN DESCRIPTION
OKS is the native currency of the OIKOS platform, developed to facilitate transactions with the ecosystem. It is used to give rewards and incentives to users and by holding the OKS token, users are eligible to enjoy the perks of transacting on the OIKOS platform.
TEAM
CONCLUSION
The OIKOS platform is equipped to facilitate a seamless transaction experience with synthetic assets and help users delve into new ways of personal asset management without needing the assistance of third parties.
By incorporating the highly decentralized blockchain technology and smart contracts, one is guaranteed of a secure, reliable, convenient,and transparent transaction method and with full adoption,improve the global economy substantially.m. O
USEFUL LINKS
Website: https://oikos.cash/
Medium: https://medium.com/@oikoscash
Bitcointalk: https://bitcointalk.org/index.php?topic=5243484.0
Github: http://github.com/oikos-cash
Telegram: http://t.me/oikoscash
Twitter: http://twitter.com/oikos_cash
Discord: http://discord.gg/qjuqy6X
Litepaper: https://docs.oikos.cash/litepaper
AUTHORS DETAILS
Bitcointalk Username: Hassat
Bitcointalk Link: https://bitcointalk.org/index.php?action=profile;u=2767680;sa=summary