Hi Tokonauts,
We are excited to announce the addition of new crypto assets to our trading platform: Osmosis (OSMO) and Liquity (LQTY). This listing aims to provide a wider range of services and more profitable trading opportunities for all Tokocrypto users. Trading for OSMO and LQTY crypto assets will be available starting September 9, 2024, at 3:00 PM WIB, with USDT trading pairs (OSMO/USDT & LQTY/USDT).
About Osmosis (OSMO)
OSMO is the native token of Osmosis, a decentralized exchange (DEX) focused on asset exchange services in the Cosmos ecosystem. Built on the Cosmos SDK, Osmosis allows users to create and manage liquidity pools and provide seamless cross-blockchain exchange features using Inter-Blockchain Communication (IBC) technology.
Osmosis aims to provide a more flexible and efficient DeFi experience for its users. It allows them to customize fees, liquidity incentives, and other parameters according to each pool's needs. Osmosis has become one of the leading DEX protocols in the Cosmos ecosystem.
Key Characteristics of OSMO:
- DeFi Token: OSMO is a utility token for staking, governance, and liquidity incentives on the Osmosis platform.
- Governance: OSMO holders have voting rights to determine changes to protocol parameters and platform policies, making community-based governance one of its key features.
- Interoperability: With IBC support, Osmosis enables cross-blockchain asset transfers, allowing for broader liquidity across the Cosmos ecosystem.
- OSMO Tokenomics:
- Token Name: Osmosis (OSMO)
- Total and maximum token supply: 1,000,000,000 OSMO
- Circulating token supply: 681,912,590 OSMO
Details:
Osmosis Website
About Liquity (LQTY)
LQTY is the native token of Liquity, a decentralized lending protocol operating on the Ethereum network. Liquity offers interest-free loans using ETH as collateral, facilitated through the LUSD stablecoin mechanism.
The protocol is designed to provide high efficiency with low costs, non-custodial operations, and an active governance-free model. Liquity aims to provide a more stable, transparent lending solution in the DeFi ecosystem. With innovative features such as stability mechanisms and automatic liquidation, Liquity has emerged as an attractive alternative to traditional lending protocols in the crypto space.
Key Characteristics of LQTY:
- Utility Token: LQTY is an incentive token in the Liquity ecosystem, rewarding stability providers and token holders.
- Governance: Unlike many other DeFi protocols, LQTY does not allow active voting, reflecting Liquity's minimal approach to governance.
- Deflationary Mechanism: A portion of borrowing and redemption fees is used to buy back and burn LQTY tokens, potentially creating deflationary pressure on the token supply.
- LQTY Tokenomics:
- Token Name: Liquity (LQTY)
- Total and maximum token supply: 100,000,000 LQTY
- Circulating token supply: 93,491,121 LQTY
Details:
Liquity Website
Note: Crypto assets are a high-risk investment. Always do your own research before investing. This article is for informational purposes only and should not be considered investment advice.
Stay tuned for further information on all official Tokocrypto channels.