Oikos.cash (OKS) ICO Rating, Reviews and Details

Main sale

May 20, 2020

May 31, 2020

100% completed

Raised funds - no Data

1 500 000.00 USD

past

Token Details

Ticker

OKS

Total supply

100000000

Token Distribution

60% allocated to investors in the
private and main sale
20% allocated to the team and
advisors, vesting quarterly for 24
months
12% allocated to the foundation,
vesting quarterly for 12 months
5% reserved for Partnership
Incentives
3% reserved for Bounties and
Marketing Incentives

Accepted Currencies

TRX

Additional Details

MVP/Prototype

Yes

Platform

TRON

About Oikos.cash

Oikos Exchange

Oikos.exchange provides an intuitive interface for conversions between the full range of Synths available. It provides access to a variety of synthetic forms of fiat currencies, cryptocurrencies, and commodities.

Oikos Minter

Minter is a decentralized application for OKS holders to perform a variety of actions in the Oikos Network. It provides a clean and intuitive interface that allows users to mint and burn Synths, manage their collateralisation ratio, collect fees generated by circulating Synths, view their balances and mint history, unlock escrowed OKS, and more.

Features

Asset creation

Anyone can issue new Synths by staking OKS at a 750% collateralization ratio. For example, to issue 100 sUSD you would need to stake 750$ worth of OKS. By issuing new synths, a share of the global debt is assigned to you. This share of the debt must be repaid in order to unlock your staked tokens. The global debt is the cumulative USD value of all Synths in circulation. Your personal share of the debt is re-caculated every time you issue new Synths or pay back your debt. For example, if the global debt is 900$ and you issue 100 sUSD, your share of the debt becomes 10% (100/(900+100)). Due to price fluctuations, the value of the global debt continuously changes and so does your debt. Since Stakers are taking a risk to stabilize the system, they are rewarded through Synth exchange fees as well as through the inflationary OKS supply. Stakers must maintain their collateralization ratio above 750% in order to be eligible for those rewards. Finally, stakers have the option to hedge their risk by mirroring trades on external exchanges.

Asset exchange

Synth holders can trade Synths directly on Oikos Exchange without incurring any price slippage or requiring a counterparty. There is no order book, exchanges are simply based on the spot market rate at the time of the trade. This creates a bridge between the world of traditional finance and cryptocurrency, giving cryptocurrency holders access to various synthetic assets like stocks, commodities, fiat currencies, etc.

Technical Info

Asset creation

OKS is used as collateral to back all synthetic assets (Synths). Synths are minted when OKS holders stake their OKS as collateral using Minter, a decentralised application (dApp) for interacting with the Oikos contracts. OKS holders are incentivised to stake their tokens and mint new Synths. First, they are entitled to a share of all fees collected from Synth trades (0.3% per trade). Second they are entitled to OKS rewards that are distributed through the system's inflationary monetary policy. For a more in depth overview of the system, please refer to the documentation and litepaper available on the main Oikos.cash website.

Inflationary Supply

OKS tokens have a built-in inflationary supply schedule. Starting the first year, 1,442,308 OKS will be added every week, with a decay rate of 1.25% starting at week 40 and running for 194 weeks. At week 234, a terminal rate of 2.5% inflation will be reached. The minted supply will be used to reward stakers and to incentivize long-term network participation.