OOE Token Set To Sail Aboard The OpenOcean!
Dear OpenOcean community!
It is with much excitement to announce the OOE token distribution to the community will take place at 1:00PM, July 12th, 2021 UTC, along with liquidity mining on the OpenOcean BSC network.
What is OOE?
The OOE token name originates from OpenOcean Ecosystem. It is the governance token and utility token of OpenOcean.Finance that enables the community to make use of the token within the OpenOcean platform for trading functions and services, supply liquidity, and participate in voting. The OOE governance token is a multichain token that is minted on Ethereum as an ERC-20 with a fixed supply of 1,000,000,000 (one billion) tokens. The Initial circulating supply at token issuance is 78,989,286 OOE.
Besides the 2% of the total OOE supply for our lovely early users including the wallet campaign winners, 33% of OOE is allocated to liquidity mining, 29% for OpenOcean Lab to support further protocol development and ecosystem building, 16% for the team and advisors, 7% for ecosystem foundation and the rest 13% is for our investors.
What will happen on July 12th?
- OOE AirDrops: Round 1 and 2 of airdrops will need to be claimed first and will be distributed to all eligible addresses that qualify. To check your claimable OOE, click the guide here.
- Liquidity mining on BSC: Liquidity mining programs will go live on the Binance Smart Chain network accessible at OpenOcean.Finance. Users will be able to receive OOE by providing liquidity to eligible pairs. Initial token pairs include OOE/BUSD and OOE/BNB. The first reward program distributed to the both pools will be a total of 2,000,000 OOE (1,000,000 OOE to each pool) running for 14 days. To participate, get LP tokens by providing liquidity to the pools on OpenOcean (OOE/BUSD or OOE/BNB) and then stake the LP tokens in farms to receive governance rewards.
- Swap OOE: OOE swap on OpenOcean BSC will be available one hour after token distribution or earlier.
Prepare to Participate：
On July 12th we will release an official token distribution announcement with full details on our liquidity mining program. This announcement will answer many of the questions you might have at this moment, so please stay tuned for that.
New to OpenOcean? Check out our guides & video tutorials and get ready!
- How to swap on Classic version — Guides & video tutorial
- How to swap on Pro version — Guides & video tutorial
- How to participate in liquidity mining on OpenOcean — Guides & video tutorial
OpenOcean Community
Traders, token holders, liquidity providers, and voices within the community along with the core team all make up the fiber of the OpenOcean community. They are the centre of the project that will help build OpenOcean!
About OpenOcean
OpenOcean is the world’s first DeFi & CeFi full aggregator. OpenOcean’s intelligent routing algorithm finds the best price and low slippage for traders across centralized and decentralized exchanges with no additional fees. As a one-stop trading entrance, we have aggregated major DEXes across 6 public chains including Ethereum & Layer 2, Binance Smart Chain, Solana, Polygon, TRON, Ontology, and CEX (Binance). OpenOcean will continue to support cross-chain swaps via bridges and cross-chain protocols, and aggregate more DeFi & CeFi products and launch intelligent management services.
The vision of OpenOcean is to build a full aggregator for crypto trading that serves as a bridge connecting the isolated islands in the current fragmented DeFi and CeFi markets. Regardless of being a small trader or large institution, everyone should have the opportunity to trade at the best prices and apply their own strategies on various crypto asset classes.
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