Entry into the crypto market requires the utilization of a crypto exchange. This makes exchanges the gateways to the cryptocurrency world. However, while exchanges became lucrative enough to style an honest interface , the services and user experience is below standard. it's important that crypto exchanges adopt a more customer-centric, appealing and intuitive user experience to draw in the masses. A new decentralised exchange, OIKOS, is building synthetic trading platform in Tron blockchain. OIKOS is a multi-layered decentralised exchange with the aim of delivering the best DeFi experience to users.
The explanation contained in this article is a detailed analysis of OIKOS project. The article presents the grading of all the components of the project. It analyses which of the features is strongest to push the project to success
What is OIKOS.cash?
Basically, Oikos is a DeFi protocol on the Tron blockchain designed for the issuing and trading of synthetic assets called Synths. Each synthetic asset (or Synth) on OIKOS is a TRC20 token which is tagged to the price of an external asset. OIKOS will create a simple and smooth decentralised trading exchange for the cryptocurrency community.
IDEA/CONCEPT
Grade: 9/10
OIKOS team recognises that the currently obtainable infrastructure and services offered by existing exchanges aren't diversified enough. The idea behind OIKOS is to develop all the features and services like crypto trading and digital assets and commodities management in one platform. OIKOS is cored on building a network that collateralises it's native token (OKS) to create tradable digital derivatives of various assets called Synths. This protocol will make trading easier and increase adoption of cryptocurrencies for daily usage.
TOKEN METRICS AND UTILITY
Grade: 8/10
OKS token is an TRC-20 token which offers access to the OIKOS platform and is the native token that drives the operations of the network such as minting of different varieties of Synths.
OIKOS team created a strict limit of 100,000,000 OKS tokens to power it's DeFi ecosystem— the entire supply is going to be inflationary starting at 1,442,308 in the first year. The hard cap ($1,500,000) aimed by OIKOS team is a very decent one considering current market conditions — 60% (60,000,000) of the entire tokens are going to be sold at the various stages of the crowdsale at different prices.
Utility
10% of the entire tokens is allocated for the team members. The promotion and bounties will use 5% of the tokens. 20% of the entire tokens are going to be locked in a transparent address as a reserve. 5% is allocated for partnership incentives.
ROADMAP
Grade: 7/10
The roadmap structured by OIKOS team is straightforward and fast indicating the extent of commitment the team is fixing to the project: This move is great and increases the confidence of the investors on long term . The project also details within the roadmap what the team has been performing on before the staging of IEO, in order that investors know the present status of the event. OIKOS plans to launch its mobile application in Q4 of 2020 and also port TheGraph to the Tron network
TEAM/ADVISERS
Grade: 8/10
OIKOS development team is big with the proper individuals that posses the proper experience. Their advisers also are well experienced in business and cryptocurrencies — with most of them coming from major business companies. I'm confident that the OIKOS team has the experience to make the project run smoothly from the start .
COMPETITION
Grade: 8/10
The major competition that OIKOS will face is usually from established DeFi projects such as Kyber network, Nexo, and dydx. However OIKOS network is targeting a special section within the market — the project wants to provide a marketplace for digital assets and also allow users to create collateralised Synth derivatives. These unique extra services will ignite fresh interest from the cryptocurrency community. there's tons of room for improvement in the DeFi space, and that i am confident that OIKOS is going to be an excellent product if the team can deliver on their propositions and also conduct proper marketing
HYPE
Grade: 10/10
The telegram group of OIKOS project currently has above 38K members and their Twitter has quite 28k followers, which is extremely impressive. Also the presence on other social media channels is pretty good. And since the OIKOS team is anchoring their project on the Tron network, It is sure to succeed
CONCLUSION
Grade: 8/10
OIKOS network is a revolutionary decentralised finance project with a clear roadmap, experienced team and large partnerships — If the promised timeline is followed and implemented properly, OIKOS could become a pacesetter in decentralised finance and digital assets trading
Official OIKOS project links
Web: http://oikos.cash/
Telegram: http://t.me/oikoscash
Twitter: http://twitter.com/oikos_cash
Medium: https://medium.com/@oikoscash