OpenOcean.Finance announces airdrop of 10 million OOE tokens for all users

  • OpenOcean.Finance is conducting an airdrop of the OOE token for all users of the platform.
  • 10 million tokens will be distributed to the users who successfully completed 4 valid transactions or completed one transaction of at least 40 USDT.

OpenOcean.Finance, a one-stop entry point for crypto trading on DEXes and CEXes is conducting an airdrop for all users who have used the platform. The team announced today that it will “reward the earliest participants with a round 1 airdrop” of the new OOE token. A total of 10 million tokens will be distributed to users who have successfully completed 4 valid transactions or have completed at least one transaction with a total transaction volume of over 40 USDT.

All transactions completed with OpenOcean since launch until 08 March 2021 23:59:59 (UTC+8) will be valid for the claim. Tokens can be claimed on the official OpenOcean website https://openocean.finance/.

The OOE token is a governance token, which gives holders voting rights in the OpenOcean community. In addition, OpenOcean DEX users can enjoy gas fee and slippage subsidies in future campaigns. Also, an initial liquidity mining program is expected to go live after the issuance of OOE. For this purpose, liquidity pools on various chains that OpenOcean has aggregated, such as ETH, BSC, ONT, TRON, etc. including pairs like: OOE/ETH, OOE/USDT, OOE/DAI, OOE/BNB, OOE/BUSD etc. will be deployed.

The OOE token will have a total supply of 1 billion OOE, with 2% of the OOE tokens allocated via airdrop, 34% via liquidity mining, 29% going to protocol development, 7% to the ecosystem foundation, 10% to investors (over a release period of 2-3 years), and 18% to the team and advisors.

Regarding the possibility of another airdrop, the OpenOcean team revealed:

Missed Round 1? Not to worry, if you have missed out on the round 1 airdrop, there might be still a chance of round 2. Dip your toes into the OpenOcean, start trading on your favourite DEX or CEX, and keep your eyes on our Twitter and social media for updates!

What is OpenOcean.Finance?

OpenOcean drew attention last week when it was announced that it had closed a strategic funding round led by Binance and including strategic investors Multicoin Capital, LD Capital, CMS, Kenetic and Altonomy.

According to the OpenOcean founding team, the platform’s goal is to build a complete aggregator in crypto trading that serves as a bridge between the isolated islands in Defi and Cefi. The team aims to “build an ecosystem that’s beneficial to all kinds of users in the current fragmented market by providing an entrance to one-stop trading with symmetric price information and all mainstream asset available while empowering all the individual users and investment institutions to trade on the best price and apply their own investment strategy.”

Funds from the funding round will go toward building OpenOcean’s full aggregation ecosystem, as well as marketing efforts to grow its user base and “evolve into an aggregator that captures the full spectrum of crypto market liquidity”. As of March 09, OpenOcean had more than 68,000 active addresses with $550 million in trading volume.

About Author

Jake Simmons has been a crypto enthusiast since 2016, and since hearing about Bitcoin and blockchain technology, he's been involved with the subject every day. Beyond cryptocurrencies, Jake studied computer science and worked for 2 years for a startup in the blockchain sector. At CNF he is responsible for technical issues. His goal is to make the world aware of cryptocurrencies in a simple and understandable way.

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