Oxygen OXY
1. Summary
- Price
-
$0.03 -1.2%
- Market Cap
- $5.26M (#1768)
- Supply
- 202.36M / 10.00B
- Description
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Oxygen is the governance/utility token for Oxygen: the Prime Brokerage Protocol. The token, denoted by OXY, serves multiple purposes within the ecosystem. First, it is used for transaction fees and lending pool rewards. Additionally, it is employed in protocol governance, enabling token holders to participate in decisions regarding the protocol's o...
Oxygen is the governance/utility token for Oxygen: the Prime Brokerage Protocol. The token, denoted by OXY, serves multiple purposes within the ecosystem. First, it is used for transaction fees and lending pool rewards. Additionally, it is employed in protocol governance, enabling token holders to participate in decisions regarding the protocol's operations and revenue distribution.
The Oxygen Protocol is designed as a decentralized financial infrastructure to democratize borrowing and lending. It aims to make these processes more efficient for all participants by providing users with tools to earn yield on lent funds, borrow assets from pools, trade directly from pools, and access more complex products leveraging pooled assets as collateral.
OXY token holders benefit from protocol usage fees and trading fees through a token buy and burn mechanism. They also have the opportunity to engage in governance decisions, reducing protocol usage fees for themselves and others. The token's utility and rewards include network fees, trading fees, and liquidation fees, all contributing to the Oxygen Protocol's operation and revenue generation.
The total supply of OXY tokens is set at 10 billion, which will decrease through the buy and burn process utilizing 100% of the protocol fees. The token distribution is divided among community funds, product and technology growth, the team, private sales, partners, and initial exchange offerings (IEO).
Protocol Details
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Benefits for Users:
- Earn yield on lent funds
- Borrow assets from pools
- Trade directly from pools
- Access complex products using pool assets as collateral
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OXY Token Utility:
- Transaction fees
- Lending pool rewards
- Protocol governance by token holders
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Token Distribution:
- Community Fund: 45%
- Product and Technology Growth: 25%
- Team: 10%
- Private Sale: 10%
- Partners: 8%
- Initial Exchange Offering (IEO): 2%
-
Benefits for Users:
Price | |
52W High price | $0.13 |
52W High date | 3rd Mar 2024 (7 months ago) |
All Time High (ATH) Date | 16th Mar 2021 (3 years ago) |
ATH Price | $4.16 |
% From ATH | -98.92% |
All Time Low (ATL) Date | 31st Jan 2024 (8 months ago) |
ATL Price | $0.003447190000 |
% From ATL | 1208.03% |
Supply & Trading Volume | |
Trading Volume (24h) | $4,948.00 |
Total Supply | 10.00B |
Max Supply | 10.00B |
Circulating Supply | 202.36M |
OXY
How does Oxygen's (OXY) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
-14.0%
OXY
9.0%
Similar Market Cap
60 Day Return
-21.8%
OXY
8.0%
Similar Market Cap
1 Year Return
245.7%
OXY
91.2%
Similar Market Cap
No GitHub repos found. Either the project is not open source or we don't have data yet.
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Historic data is only available from 22nd April 2022
Total Followers
Reddit Subscribers | 0 |
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Active Reddit Users (past 24h) | 0 |
Discord users | |
Active Discord Users | |
Telegram Users | |
Twitter followers | 27,270 |
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crypto-reporter.com/newsfeed/composecure-partners-with-oxygen-a-leading-digital-financial-...
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coindesk.com/business/2021/06/10/solana-based-oxygen-taps-jump-trading-in-bid-to-be-defis-...
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oxygen.org/docs-changelog.html Official
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
Website | https://www.oxygen.org/ |
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Explorer | https://etherscan.io/token/0x965697b4ef02f0de01384... |
@Oxygen_protocol | |
Whitepaper | https://docsend.com/view/5aexhnujwsysjjss |
What is the correct contract address for Oxygen?
Solana | z3dn17yLaGMKffVogeFHQ9zWVcXgqgf3PQnDsNs2g6M |
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Ethereum | 0x965697b4ef02f0de01384d0d4f9f782b1670c163 |
Has Oxygen been audited for security?
No security audits found for this project.
Are you the owner of Oxygen? Edit it here
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