OpenOcean Monthly Report — July 2021
July 2021 marked the launch of OpenOcean’s governance and utility token OOE. The much anticipated launch created an exciting buzz in the community. July also saw the AirDrop and IDO distributions. In addition to the $OOE listing, July celebrated more product developments and Huobi’s OpenOcean investment. Dive into the full report below.
OOE Listing
OOE was officially listed on Kucoin with the OOE/USDT token pair, and also listed on other popular Centralized Exchanges:
KuCoin: https://trade.kucoin.com/OOE-USDT
Gate.io: https://www.gate.io/en/trade/OOE_USDT
MEXC: https://www.mexc.com/exchange/OOE_USDT
LBank: https://www.lbank.info/exchange/ooe/usdt
CoinEx: https://www.coinex.com/exchange/ooe-usdt
IDO & SEED SHO
In summary, OpenOcean has successfully raised a total of $100,000 through SEED SHO from Dao Maker and $100,000 from Polkastarter IDO. Here’s the vesting schedule breakdowns:
- SEED SHO on Dao Maker: $100,000–20% unlocked, then 8% on a quarterly basis over 2.5-year period. The sale size is $100,000 with $1,000 allocation per winner.
- IDO on Polkastarter: $100,000–20% unlocked, then 8% on a quarterly basis over 2.5-year period. We received over 5K applications for joining the IDO and only 318 lucky winners qualified. The IDO concluded successfully with all allocation filled.
CoinGecko and CoinMarketCap listings:
CoinMarketCap — https://coinmarketcap.com/currencies/openocean/
Coingecko — https://www.coingecko.com/en/coins/openocean
Investment
On July 7th, Huobi Ventures Blockchain Fund invested into OpenOcean. This marks another high profile investment since March. We believe working alongside the vast Huobi Global ecosystem will help us create more innovative solutions to connect DeFi and CeFi and further benefit users.
Product Development
UI/UX Upgrades on OpenOcean Classic & Pro versions.
Pro:
Clear presentation of the DEX & CEX price comparisons in rows. Remember, on OpenOcean users can choose to either trade on a DEX with the best price or on a CEX. Low liquidity issues of DEXes can impact the price dramatically, so the option of a high liquidity CEX to trade on can sometimes be a big money saver.
Classic:
- UI Design Display. Line charts supported for selected token pairs to allow users to check historical records. The “Market”section appears directly under the page for users to compare price quotes from different aggregated DEXes. Direct comparison of price from DEXes under “last price” in the “Market” section helps users find the best price.
- “Favorites” Button Added. This allows users to add and save their favorite token pairs.
- Rolling Banners Display. Campaign banners added to keep users updated on all the latest campaigns and opportunities to win rewards.
User Volume Stat Updates
- 279,000 unique addresses
- 2.1Billion trading volume
Public Chain Aggregation
OpenOcean expands the trading universe by integrating Polygon and HECO to the supported networks. It offers users the best one-stop trading experience across DeFi and CeFi. Currently OpenOcean has supported 7 public chains and with 35 DEXes.
Community Activities
- 2% of OOE airdrops including the wallet campaign winners have been distributed to users.
- Trade mining on Polygon — as a tremendous volume of users participated, there are 1000 winners chosen to share the prize pool of 100,000 $OOE.
- Trade mining on Heco — 100 lucky winners were randomly selected with 100 OOE each.
- Listing campaign together with KuCoin with rewards of 48,000 $OOE.
- AMA hosted on Polkastarter, Binance Smart Chain, and KuCoin.
- Global Ambassador Program — we received over 500 applicants at the end of July and selected the qualified ones.
- Article Writing Contest — 7 winners including 2 bonus winners with impressive and in-depth articles written about OpenOcean won the prize pool of 6000 $OOE.
- Liquidity mining on BSC with two pools — OOE/BUSD & OOE/BNB, rewarding 2,000,000 $OOE for the 14 days then continuing with rewards of 1,600,000 $OOE for another two months ending on Sept. 26.
- Staking Program on ETH with OpenOcean Vaults — stake OOE to earn OOE, with reward pool of 100,000 $OOE, ending on Aug. 26.
The OpenOcean core team really appreciate all the support from our amazing community, investors and full team. We’re looking forward to opening the next chapter of the OpenOcean journey!
About OpenOcean
OpenOcean is the world’s first DeFi & CeFi full aggregator. OpenOcean’s intelligent routing algorithm finds the best price and lowest slippage for traders across centralized and decentralized exchanges with no additional fees. As one-stop entrance, we aggregate major exchanges DEXes across 6 public chains, Ethereum, Ethereum Layer 2 (Loopring), Binance Smart Chain, Solana, Polygon, Ontology, TRON, and CEX on Binance. OpenOcean will continue to support cross-chain swaps via bridges and cross-chain protocols, and more cross-chain protocols and aggregate more DeFi & CeFi products such as derivative, lending & Insurance products.
