THE USES AND ADVANTAGES OF HOLDING OOE TOKEN; THE NATIVE TOKENS OF THE OpenOcean AGGREGATOR PLATFORM

OpenOcean is a full Cefi and Defi aggregator that enables aggregation of mainstream decentralized and centralised exchanges, giving users ability to land the best price and deals with minimal slippages. For more about the functionality and perks of the open ocean protocol you can read my previous piece here
In this piece I’ll be taking you through the properties, features and uses of the OOE tokens and what they represent to the holder.
Firstly OOE is an Ethereum Erc20 based token which means it comes with all the advantages of being an Erc20 token in terms of security (which is excellent), compatibility with most wallets, compatibility with most exchanges and massive adoption and use in decentralized apps.
OOE has a total supply of 1,000,000,000 tokens which cannot be increased ,this gives the token a limit which enhances its value as no minting can be done
for more OOE tokens .
33% of these tokens are allocated for liquidity mining.

GOVERNANCE AND UTILITY

The OOE tokens is equivalence utility it’s okay holders of this token can make use of it in trading ,participation in governance (voting) providing liquidity tokens to earn or just hold on to the tokens.
Holders benefits when using them on the OpenOcean aggregator as gas and trading fees are subsidized when using OOE tokens in single chain or cross chain swap transactions on different public blockchains.
Users also have an opportunity to qualify as OpenOcean VIP members who obtain exclusive services such as rewards for loyalty and bonuses for token holders.
Some of the perks of being an OpenOcean VIP member is access to the SAAS platform which enables automated simultaneous purchase and selling of assets in different exchanges ;tools designed for institutional investors.
VIP members also have access to free premiums where they can trade on centralized exchanges aggregated by OpenOcean for subsidized trading fees and withdrawal fees.
OOE tokens can be used as margin in combine margin products to enable one stop derivative trading across different exchanges ,this enables traders to be more capital efficient where they require less overall margin as collateral when hedging across platforms OOE can also be used for collateral as margin for lending.

VOTING
Proposals about adjustment to the community can be developed by community members and OOE token holders can now vote on listed proposal.
The OpenOcean team is open to the community and gathers proposals through different media platforms, this proposals are then screened ,selected and passed on for voting if deemed good enough.

All types of proposals and ideas are encouraged as long as it is not in violation with the values of OpenOcean protocol, examples of proposals OpenOcean team deems fits include new trading pairs suggestions, liquidity mining ideas, protocol improvements, development of new features and brilliant initiatives for the ecosystem.
Once the proposal has been selected after screening, it will be listed for official voting,where voting power is as expected proportional to the users holdings, that is the greater the number of OOE the holder possesses, the greater the individuals voting power and vice versa.

LIQUIDITY MINING AND TRADE MINING

liquidity providers of OOE tokens are rewarded and equity pools are intended to ensure open oceans value appreciates as a utility token .
Trade mining programs are also done to reduce trading prices by earning from transactions which serve a subsidies for trading OOE related assets.
The perks of being a holder of OOE tokens are enormous, you should be a hodler, come join us now at the OpenOcean aggregator trading platform.
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