The popular crypto aggregator will launch a custom token to increase the activity on their platform and grow their community.
OOE Airdrop
The crypto exchange aggregator, OpenOcean announced that they have plans to launch an OOE token on their platform. The announcement, which came on July 8th from the Medium and Twitter socials of the platform, is coming with incentives for users. The token will serve as the governance token of the protocol and will come with voting rights as well as airdrops and liquidity mining.
Setting Sail July 12
OpenOcean will drop the new token on July 12 with a few accompanying activities. The original OOE airdrops need to be claimed by the eligible investors. To claim an airdrop, head to the OpenOcean page and follow the instructions here. Eligible investors are anyone who made at least four valid trades or a total trading volume over 40 USDT (Tether).
The feature benefit will be liquidity mining pools for the new token. OpenOcean will pair their token with BUSD and BNB. The first two weeks of mining will reward a total of 1,000,000 OOE to each pool. A total of 2,000,000 OOE will be rewarded for those who stake their liquidity pool (LP) pairs on the OpenOcean protocol.
More details of the LP opportunities will be released on July 12. Users can expect to hear about governance details when the news is public. Once users have accumulated their new OOE$ tokens, a swap exchange will be available about one hour after the initial launch.
Tokennomics for $OOE
There is a fixed supply of 1 Billion tokens. The Initial circulating supply will be 78,989,286 $OOE.
-33% of OOE is allocated to liquidity mining
-29% for OpenOcean Lab to support further protocol development and ecosystem building
-13% is for our investors
-16% for the team and advisors,
-7% for ecosystem foundation
-2% of the initial circulating supply is reserved for early wallet campaign winners.
The token will be minted as an ERC-20 token and will be compatible with Binance Smart Chain.
Final Thoughts
OpenOcean has a plan to resonate with new users and investors. The platform currently has a 24-hour trading volume of over $6million, according to CoinMarketCap. The crew at OpenOcean hopes that their community of traders, LP providers, and HODLers can stand as the backbone of their burgeoning platform. Users will need to pay attention to more announcements on July 12 to get the latest news from OpenOcean.
What is OpenOcean?
OpenOcean is a DEX aggregator that supports multiple chains such as ETH, BSC, and ONT. Across all chains, OpenOcean aggregates 12 different exchanges, allowing users to receive optimal fills. Specifically, OpenOcean is the first DEX aggregator on the Binance Smart Chain (BSC), aggregating liquidity from multiple large exchanges. OpeanOcean ensures users buy tokens for the optimal price on the BSC, aggregating from all leading AMM’s: PancakeSwap, Bakeryswap, StreetSwap, and BurgerSwap.
Source : bsc.news
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