Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, Paypal, etc.). The blockchain is the technological basis for all cryptocurrencies, whether Bitcoin, Ethereum, Hyperledger, etc.
An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant's database). It basically defines the conditions to which all parties using the contract agreement. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct.
Blockchain and Smart Contracts open many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries.
For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.
Moving to the topic, the project I'm going to present you is Oikos (https://oikos.cash), an initiative to bring key DeFi applications to the Tron network.
In more detail, to make platform possible, Oikos is a Tron-based synthetic asset platform that provides chain-linked exposure to trust currencies, commodities, stocks and indices. The synthetic assets (Synths) are backed by Oikos network tokens (OKS) enclosed in a smart contract as collateral.
To ensure this is done properly, Synths track the prices of various assets, allowing cryptographic users themselves to trade peer-to-pinvest on the Oikos exchange without liquidity limitations.
How it works?
Oikos is a decentralized synthetic asset emission protocol built on Tron.
How is the system guaranteed? The synthetic assets are guaranteed by the Oikos Network Token (OKS) which, when blocked in the contract, allows the issuance of synthetic assets (Synths).
What are the benefits? Not only does it allow users to make conversions between Synths directly with the intelligent contract, avoiding the need for counterparties, but at the same time it solves the liquidity and slippage problems experienced by DEX.
The project gives the opportunity to earn OKS tokens performing some social media tasks and doing simple steps from the bounty program explained into the following Bitcointalk Program here (https://bitcointalk.org/index.php?topic=5243484.0), where you can access the link in order to see what are the conditions to become an early OKS contributor and start acquiring tokens.
For more information about the project, you can visit and read their LitePaper available here (https://docs.oikos.cash/litepaper/). You can also stay tuned in their official Telegram Channel (oikoscash). I hope you liked the post and soon I'll send you new ones.
Price in ICO: 1 OKS = 0.08 USD
Tokens for sale: 100,000,000
OKS is used as collateral to support all synthetic assets (Synths). Synths are issued when OKS holders put their OKS into play as collateral using Minter, a decentralized application (dApp) to interact with Oikos contracts. OKS holders are encouraged to bet their chips and to coin new synthesizers.
Social Media Links
Bitcointalk username: adriaparcerisas
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1870482
Tron wallet: TYFZWuzRPUkTtx6cMDKAkEz72w1pox1En9