This content is published by MXC Exchange.
I. Introduction
O3 Swap is a proprietary cross-chain aggregation protocol built by O3 Labs. The mission of O3 Swap is to provide users access to financial services based on cryptocurrency and enable them to exchange or “swap” various digital assets in O3 wallets. The platform also provides cross-chain exchanges for trading platform settlement, regardless of the limitations of typical isolated blockchain networks. The O3 Swap protocol, in collaboration with its associated decentralized wallet software, provides a one-stop aggregate trading platform for consumers and offers an open, distributed, unlimited and secure trading environment for developers.
O3 Labs was established in Tokyo in the year 2017.The main product is Neo Lightweight Wallet – O3 Wallet, which was released in Tokyo in 2017 and recently started supporting Ontology. O3 wallets support the purchase of cryptocurrencies (including BTC, NEO, ETH) using Fiat currency (US Dollars, Euros) and credit cards; Supports mainstream assets such as Bitcoin, Ethereum, Neo, Ontology, Polkadot, Binance Smart Chain and Huobi ECO Chain, and integrates dAPIs for high-quality DeFi projects.
O3 Swap achieves cross-chain trading aggregation through the following ways.
- Relayer (O3 Agent): The agent of the user and the contract on the chain. Authorized agents find the most appropriate trade path through O3 Swap according to different users’ needs.
2. Aggregation Swap (Cross-chain Aggregation System): O3 Cross-chain Aggregation System is responsible for aggregating multiple liquidity sources in a chain to find the best price and trade path. Aggregation includes Ethereum, BSC, NEO, Heco, Solana, Polkadot along with Layer2 and other DeFi ecosystems where all major liquidity pools (mainly for mainstream Tokens such as BTC, ETH, BNB and other common stablecoin pools) are visible on the market.
3. O3 Hub Cross-Chain Fund Pool: O3 Hub is a cross-chain asset trading pool based on Poly Network Cross-Chain Protocol. It stores stablecoins on different chains in the cross-chain fund pool to support the free conversion of different assets while achieving the best handling fees and prices.
For example, BETH (BSC) is converted to HUSD (HECO).
First, the aggregator automatically converts BETH to BUSD by converting DEX on the aggregator Binance Smart Chain. Second, the BUSD will be converted to HUSD through a cross-chain pool, which will store stablecoins on different chains. Finally, gain HUSD in the HECO wallet.
II. Liquidity Sources
III. Tokenomics
Total O3 Issued: 100 million tokens
Phase 0 (10 million tokens)
Genesis Incentive 5,000,000 5%
Community Feedback 5,000,000 5%
Phase 1 (90 million tokens)
Trade Mining 35,000,000, 35% Decreasing in 2 years
Team 10,000,000 10% 2 years linear unlock
Investment + Cooperation Insitutions 15,000,000, 15% 2-year linear unlock
Reserves + Ecosystem development 30,000,000 30%
Investment institutions: NGC Ventures, OKEx Blockdream Ventures, SevenX Ventures, FBG Ventures, Neo Eco Fund, BTC12 Capital, Incuba Alpha Labs, Moonwhale Ventures, Puzzle Ventures, BenMo Fund, AC Capital etc，Soft Bank Singapore.
IV. Practical Scenario Analysis
Practical Value
Early product testing, community contribution airdrop
Trade mining reward
Liquidity Incentives
Community governance voting
Selling Pressure
Cash out by financers
Cash out by team
Partial cash out of rewards
V. Recent Activities
Type: Mday event
Platform: MXC Exchange
Draw time: 12:00, May 13
Trading time: 22:00, May 14
Price: Free to obtain after meeting the conditions (see MXC Exchange’s announcement for the detailed rules)
Total quota: 100000 tokens
Type: IDO
Platform: DUCK Starter
Time: May 11 at 20:00 p.m.
IDO Price: 1 USDT
Participation: Whitelist
Lock mechanism: No lock, 100% release.
Individual limit: 250 USDT--650 USDT (classified according to the amount of positions held by DUCK)
No comments:
Post a Comment