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press launch
PRESS RELEASE. BitMax.io (BTMX.com), an industry-leading digital asset buying and selling platform constructed by Wall Road quant buying and selling veterans, has introduced the joint main itemizing of the Oxygen token (OXY) with public sale facilitation for its platform customers. The public sale will start on Bitmax on March 11 at 9:00 a.m. EST and the itemizing will go reside on March 16 at 9:00 a.m. EST.
Oxygen Protocol is an on-chain, decentralized, non-custodial prime brokerage constructed on the Serum DEX and ecosystem, working on quick Solana public blockchain, and seeded by the Maps.me 2.0’s large userbase. Oxygen will begin with a borrow-lending protocol earlier than shifting to recreate quasi-marketplace- enterprise models which might be usually a part of funding banks and making them accessible to everybody.
Oxygen is constructed upon a pools-based infrastructure, whereby customers can create a pool by depositing their belongings and marking which of them to lend. The clearing value for Oxygen’s borrow-lending is market-based by way of on-chain order-book matching utilizing Serum DEX, as an alternative of a pre-set, manually adjusted market mannequin. Customers can generate yield on their portfolio whereas borrowing different belongings on the similar time (a number of use of similar collateral), maximize utility of their portfolio as collateral when borrowing, and work together with the Serum ecosystem and DEXes immediately from their swimming pools with streamlined in-pool buying and selling.
Oxygen Protocol is order-book based mostly, permitting customers to get a good value for borrowing/lending. Oxygen additionally permits a number of makes use of of the identical collateral and the submit of all of your portfolio as collateral to borrow (which means decrease portfolio liquidation danger).
To drive the platform development, Oxygen will likely be seeded with the 140M registered customers from Maps.me’s userbase who will generate yield from their embedded wallets, jump-starting Oxygen as one of many largest fintech purposes.
Oxygen can be constructed on Solana blockchain, which may help over 50,00Zero TPS, with block occasions of 400ms and transaction prices of approx. $0.00001, indicating that Oxygen has scalability as a very on-chain P2P borrow-lending and prime brokerage protocol.
Oxygen Protocol will use 100% of internet income for the advantage of OXY token holders. Token holders can resolve on how precisely to direct the web income of Oxygen Protocol plus group fund by way of whether or not to purchase, burn, supply staking yield or the rest.
About BitMax.io
Launched in August 2018, BitMax.io is a number one digital asset buying and selling platform with a broad vary of economic services and products for each retail and institutional purchasers, with sturdy and progressive design starting from money to margin buying and selling, derivatives buying and selling, staking merchandise, and different funding options.
For extra info and updates, please go to:
Web site: https://bitmax.io/
Twitter: https://twitter.com/BitMax_Official
Telegram: https://t.me/BitMaxioEnglishOfficial
Medium: https://medium.com/bitmax-io
About Oxygen Protocol
Oxygen Protocol is an on-chain, decentralized, non-custodial prime brokerage constructed on the Serum DEX and ecosystem, working on Solana, and seeded by the Maps.me 2.0’s large userbase.
For extra info and updates, please go to:
Web site: https://oxygen.commerce/
Twitter: https://twitter.com/oxygen_protocol
Telegram: https://t.co/dOTnuwRzWA?amp=1
It is a press launch. Readers ought to do their very own due diligence earlier than taking any actions associated to the promoted firm or any of its associates or companies. Bitcoin.com will not be accountable, immediately or not directly, for any harm or loss brought on or alleged to be attributable to or in reference to using or reliance on any content material, items or companies talked about within the press launch.
Picture Credit: Shutterstock, Pixabay, Wiki Commons
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