Image for post
Image for post

In the realm of ideas everything depends on enthusiasm… in the real world all rests on perseverance.

Johann Wolfgang von Goethe

Since its inception, Oikos always had a clear goal in mind: bring the best DeFi services to the Tron network. We have been working around the clock, coordinating efforts between our initiatives to make this happen. Today, we are pleased to share some initial results with you.

Bridge the gap with existing blockchains

The Tron network is evolving fast, with growing demand and a number of services launched on the platform. One of the most important components of a successful software venture, of any kind, is to have a dedicated and motivated community of users and developers working together. In order to keep up with the competition, Tron desperately needs mature development toolkits and better documentation, amongst the other things. Sensing this gap, the Oikos team worked with dedication toward filling it. During the past months, we have ported Ethereum’s most important pieces of software, such as Web3, Truffle, and Graph protocol to work seamlessly with the Tron network. …


We’re very excited to announce OpenTron, the first fully independent implementation of the Tron protocol! It has been under active development for several months and while still a work in progress, it is now nearing completion.

Image for post
Image for post

The project is currently financed and developed by Oikos but it is open source and we are in the process of setting up an independent foundation, the OpenTron foundation, which will be completely community-driven. Please contact us by email or on Telegram if you would like to be involved with the foundation.

The goals of the project are to provide a fast and lightweight Tron client which will contribute to decentralization and encourage community participation. We are also hoping to introduce modern APIs which will make Tron development easier for developers. We have already been using them with success to port TheGraph to Tron (another upcoming announcement!). …


Image for post
Image for post

Update on progress & token sale summary

The Oikos token sale involved three main phases: private sale, public sale, and IEO. The first phase was conducted privately, a few weeks before the public sale, and saw a small number of individuals who purchased 835,521.35 OKS worth $18,500. The public sale ran from May 20 to May 31 and netted $148,139.65 from the sale of 5,925,586.08 OKS. The IEO on the exchange Hoo.com netted over $366,000 with 14,766,320 OKS distributed. About 21,522,526.27 OKS were sold on the recently launched OTC platform, raising a total of $350,000. An additional 3,106,242.25 OKS were distributed to airdrop participants, partners, and advisors.

In total 39,395,088.52 OKS were distributed across all phases with over $880,000 of funds raised. Since its inception, Oikos has seen strong support from the community and has been welcomed as a positive development. Following the token sale distribution, the platform experienced vertical growth with metric spiking from a few dozens to several hundred daily users and a whopping $2,000,000 worth of OKS locked as collateral in the system. …


Image for post
Image for post

How it works

Every week, OKS stakers are entitled to a portion of the weekly OKS staking rewards. Rewards are assigned based on the percentage of total Synth supply minted by each wallet. E.g. if Alice minted 100 sSUD, and there is a total of 100,000 USD minted, then she receives 1% of the total rewards.

During the first 52 weeks, around 1.44m OKS will be added to the supply weekly. The snapshot for the first week (Jun1-Jun7) was taken on Monday. Jun 1 at 12:00 UTC (Midnight). …


Motivations

An on-ramp venue to access and exit Oikos.exchange is critical to the success of the platform. Users must be able to convert TRX and other cryptocurrencies to Synths (sUSD primarily) to start their trading activities. Oikos Swap fulfills this role and provides such a service, allowing anyone to swap between TRX and TRC-20 pairs, including our synths (sUSD, sTRX, sBTC, sETH, etc.).

Price stability

Oikos swap requires balanced liquidity between both sides of the swap pools, in order to maintain a stable price. Low liquidity results in slippage between the quoted price and the actual price paid for the swap, even for small purchases. As such, providing liquidity is encouraged by sharing the 0.3% exchange fees entirely with liquidity providers. …


Image for post
Image for post

We are excited to announce the official dates for our first round of IEO on the popular exchange Hoo.com. The sale will last from Jun 12 at 10:00 (UTC+8) to Jun 14 at 0:00 (UTC+8) and will see three sessions.

First session:

10M OKS at $0.027

Mode: First come, first served. Pledge at least $1000 to qualify for third session.

Accepted : Tether (USDT)

Minimum contribution: $100

Maximum contribution: $10,000

Time: 10:00 on June 12, 2020 to 00:00 on June 12, 2020 (UTC+8)

Second session:

5M OKS at $0.03

Mode: First come, first served. Pledge at least $800 to qualify for third session.

Accepted : Tether…


Image for post
Image for post

The initial token sale phase is now officially over and we look forward for the next steps toward the launch of the network. The sale performed very well considering we are still a very new project with limited marketing resources. We are now preparing for an upcoming initial exchange offering (IEO) event where all remaining tokens will be sold publicly (details to be announced soon). We will publish a breakdown of discounts and prices after the IEO phase is completed and all tokens have been successfully distributed.

We would like to remind everyone to NEVER send money to anyone posing as the Oikos team. If you suspect a scam or believe you are a victim of a scam please email fraud@oikos.cash.

Once again thank you for your support ❤.

Website | Telegram | Twitter


Image for post
Image for post

Total OKS tokens allocated for the airdrop: ̶1̶,̶0̶0̶0̶,̶0̶0̶0̶.̶0̶0̶ 1,250,000.00

We send a big thank you to everyone who participated in the Airdrop, numbers greatly surpassed our expectations and we are excited for what’s coming next.

But it doesn’t end here! We have decided to increase the number of tokens allocated for the airdrop by 25%, bringing up the total to 1,250,000.00 OKS and to extend the Airdrop by one more week. The previous airdrop ending date was May 18 (00:00 EST) and the new one is May 25 (8:00 EST).

Benefits

By participating and meeting the requirements you will receive a 100% bonus on top of the standard token allocation.

Requirements

To apply for the extended airdrop, you need to follow us on Twitter and join our Telegram channel, if you didn’t do it already. …


Image for post
Image for post

Our private sale ends on a good note with an overwhelming response and over two million dollar in expressed interest.

We want to send a big thank you to everyone who participated. Approved participants will receive a confirmation email with further instructions. The final process includes signing a SAFT (Simple Agreement for Future Token) and completing our KYC process (Know Your Customer), depending on the size of the investment.

We want to remind all participants that the deadline for concluding private sales is Tuesday at 4:00 PM EST.


Image for post
Image for post

Oikos team is sending out a big thank you for the overwhelming support and participation in the Airdrop. We have seen over 50,000 applications in 48 hours and there is no sign of slowing down. There are six days left to participate and bets are open on what the final numbers will be like. In case you did not join yet, do it now and get your free OKS tokens.

Private Sale

Due to the high number of interested parties, the number of tokens available for a discount (up to 30%) is running out quickly. During this preliminary phase, dozens of private investors have expressed interest in the sale. We are currently collecting funds and inviting anyone who wants to invest early to apply before we close the round. …

About

Oikos

Oikos is an initiative to bring key DeFi applications to the Tron network.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store