Thursday, June 11, 2020

Hoo Labs Launches Oikos(OKS) Token Sale

Dear Hoo users,

Hoo Labs is launching Oikos(OKS) token sale on June 12 to June 14. In order to thank our users for their support, Hoo decided to have benefits for our users. Participants who successfully joined in the first round up to 1200 USDT or the second round up to 800 USDT, are eligible to participate in the Thanksgiving benefit third rounds of enjoying lower prices on Hoo.

Rules:

First Round: June 12

Amount: 270,000 USDT (10 million OKS)

Mode: First come, first served ( Support 1000 USDT to qualify for the third round)

Reference price: 1 OKS = 0.027 USDT

Time: 10:00 on June 12, 2020 to 24:00 on June 12, 2020 (UTC+8)

Accepted coin: USDT (wallet account)

Minimum invest: 100 USDT

Maximum invest: 10,000 USDT

Requirements: complete KYC, VIP 1 or above

Second Round: June 13

Amount:150,000 USDT (5 million OKS)

Mode: First come, first served ( Support 800 USDT to qualify for the third round)

Reference price: 1 OKS = 0.03 USDT

Time: 10:00 on June 13, 2020 to 24:00 on June 13, 2020 (UTC+8)

Accepted coin: USDT (wallet account)

Minimum invest: 100 USDT

Maximum invest: 10,000 USDT

Requirements: complete KYC, VIP 1 or above

Third Round: June 14

Amount: 125,000 USDT (5 million OKS)

Mode: Super Invest

Reference price: 1 OKS = 0.025 USDT

Time: 10:00 on June 14, 2020 to 24:00 on June 14, 2020 (UTC+8)

Accepted coin: USDT (wallet account)

Minimum invest: 100 USDT

Maximum invest: 5,000 USDT

Requirements: complete KYC and VIP 1 or above, and successful participation in the first round up to 1200 USDT or the second round up to 800 USDT.

Distribution & Trading: OKS tokens will be distributed by June 17, and trading will be enabled after a month once the token sale completed. Please stay tuned to Hoo official announcement for any updates.

Introduction to Oikos:

Decentralised Synthetic Assets, Oikos is a Tron based synthetic asset platform that provides on-chain exposure to fiat currencies, commodities, stocks, and indices. Synthetic assets (Synths) are backed by Oikos Network Tokens (OKS) locked into a smart contract as collateral. Synths track the prices of various assets, allowing crypto-native and unbanked users to trade P2C (peer-to-contract) on Oikos Exchange without liquidity limitations.

Trustless Token Exchange, Oikos Swap is a Tron port of Uniswap: a trustless decentralized exchange that allows users to trade any Tron-based token without any deposits or withdrawals to a centralized order book. Better yet, Oikos Swap liquidity pools have little to no slippage for the vast majority of transactions. Anyone can contribute by adding or removing liquidity to gain commissions in the form of exchange fees as well as rewards paid in OKS token.

The Team

Manuel Corona

Co-Founder & Marketing Expert

Manuel had an early fascination with technology that led him to work with many talented people and co-found several technology projects. He is a skilled marketer, IT expert and his interests span from programming to distributed system design and of course, cryptocurrencies. His early vision for Oikos was determinant and he led the project from the idea phase to deployment.

Albert Rodriguez

Co-Founder & Mad Scientist

Albert is an early Bitcoin, Ethereum and Tron adopter. His fascination for DeFi lead him to come up with the idea for Oikos and everything started from there. He is also a very talented developer with experience in several programming languages. His daily routine consists in drinking a lot of coffee, writing code and thinking of new possible directions for Oikos.

Kevin Holder

Software Engineer

Kevin is a talented software engineer that has been through the whole technology stack during the course of his career, from cryptography to front end web development. Before Oikos, he spent his time developing smart contracts, studying decentralized applications and contributing to open source. His programming languages of choice are, in no particular order, Solidity, JavaScript and Rust.

Technical Information

Arbitrage: OKS STAKER creates the debt by exploiting Synths, so if the Synths exchange rate system falls, they can now profit by buying back sUSD below par and burning sUSD to reduce debt. Because the Oikos system always puts a dollar value on $1.00.

sTRX Liquidity Pool: Liquidity providers are providing depth to the sTRX/TRX Oikos Swap liquidity pool. The deeper this pool, the less slippage traders pay when entering or exiting the system. Liquidity providers do not need to stake or hold OKS, only TRX and sTRX. To receive rewards they must stake their Oikos Swap LP tokens into a purpose-built smart contract.

OKS Auctions: Oikos is currently experimenting with a new mechanism in conjunction with dFusion (from Gnosis) where discounted OKS will be sold in TRX auctions and then used to purchase Synths under pegged.

Token Information

Name: Oikos Network Token (OKS)

Total supply: 100,000,000 OKS

Public Sale:0.025USD (20–31 May 2020)

https://preview.redd.it/wv5o6u8rq9451.png?width=601&format=png&auto=webp&s=bbc3cd6a39fcd09ed6a1f5b63b37c8d73be6bc3a

OKS Staking Rewards

Exchange fees are generated whenever a user exchanges one synthetic asset (Synth) for another through Oikos.Exchange. Fees are typically between 10–100 bps (0.1%-1%), though usually 30 bps, and when generated are sent to the fee pool, where it is available to be claimed proportionally by OKS stakers each week.The OKS reward is generated through the inflationary monetary policy implemented in March 2018. From March 2019 to August 2023, the total supply of OKS will increase from 100,000,000 to 260,263,816 with a weekly decay rate of 1.25% (from December 2019). Mortgagors can trade fees to receive incentives. The incentive that OKS receives through inflationary supply will gradually diminish until September 2023, when OKS will become a 2.5% Year-end inflation rate.

Mining, Burning, Mortgage Ratio

The above mechanism ensures that OKS mortgagees have an incentive to keep their collateral ratios (C-Ratio) at optimal ratios (currently at 800%). This ensures that Synths has sufficient collateral support to soak up large price shocks. If the value of OKS or Synths fluctuates, each staker’s C ratio will fluctuate. If the ratio is below 800% (despite the small allowance for minor fluctuations) then they will not be able to charges before the ratio recover. They can adjust their percentage if Synths are above 800% and burn Synths if their percentage are below 800%.

Roadmap

Q2 2020

Alpha launch, token distribution event, official Tron main-net launch.

Q3 2020

Official audit, listing on exchanges, launch of additional Synths.

Q4 2020

Launch of mobile-ready user interface, port TheGraph to Tron network.

Q1 2021

Integrate ChainLink technology, research on decentralized governance models, alternative liquidation mechanism.

Q2 2021

Support for more complex trading instruments. Transition to a fully decentralized governance model, use of TRX as collateral for Synth issuance.

Social Media:

Website: https://oikos.cash/

Whitepaper: https://docs.oikos.cash/litepaper-zh.pdf

Telegram: https://t.me/oikoscash

Twitter: https://twitter.com/oikos_cash

Github: https://github.com/orgs/oikos-cash/

Risk Alert: Any digital assets investment is risky. Please evaluate your risk tolerance before getting involved. Your support on Hoo is highly appreciated.

Hoo Team

June 10, 2020


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