The aggregating protocol is looking to increase investor interest with their IDO launch.
Introduction
The Open Ocean protocol is set to launch its Initial Digital Offering (IDO) on Polkastarter, with the whitelisting event scheduled for May 19th at 12:00 UTC. The final IDO date has yet to be announced, with Open Ocean inviting interested parties to follow their social media channels for further updates and information on the launch of its native $OOE token.
Whitelist Details
The whitelist event will start on May 19th at 12:00 UTC.
IDO date: TBA
Offering: 150K USD at 40M USD valuation
Token price: $0.04 per $OOE token
Chain: Binance Smart Chain
Vesting: 20% release on Token Generation Event (TGE), 80% released quarterly over a 2.5 year time period
Mode: First come, first serve (FCFS)
KYC: Required based on a criteria list
Open Ocean
Open Ocean touts itself as ‘the world’s first DeFi & CeFi full aggregator’. A quick glance at their website and supported blockchains and exchanges demonstrates just how extensive that aggregation is.
According to Open Ocean their aggregator has been designed to find the best prices with no additional fees and the lowest possible slippage. The platform uses an optimized intelligent routing algorithm to scour both CeFi and DeFi for the best value trades. The platform supports Ethereum, Ethereum Layer2, Binance Smart Chain, Tron and Ontology. Solana and Polkadot are to be rolled out soon, and the company also supports Binance integration.
Beyond simple token swaps, the platform also aggregates yield, lending, insurance products, as well as automatic arbitrage tools. The company is currently developing a number of other tools, including margin products and an ‘intelligent wealth management service.
Source : bsc.news
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