OOE Is Live On OpenOcean

Published on: 12.07.2021

OpenOcean announced OOE is now live on Ethereum, Binance Smart Chain, and Ontology.

OOE is the governance and utility token of https://openocean.finance/that enables utility for users of the protocol and lets the community participate in governance. Governance token holders are able to shape the future of the protocol by suggesting proposals and voting on protocol parameters, dex aggregations, and future chains for starters.

OOE is a multichain token that is minted on Ethereum ERC-20 with a finite supply of 1,000,000,000 that can’t be increased — there’s no minting function in the token contract.

1.9% of the total supply is claimable from TGE for our early user who qualified for AirDrop round 1 and 2
33% total token supply is allocated for liquidity mining
Liquidity mining and trade mining programs go live on TGE
Initial circulating supply at TGE is 78,989,286 OOE

Read the full tokenomics here: https://docs.openocean.finance/ooe-token

Contract addresses

Ethereum, ERC-20:
0x7778360f035c589fce2f4ea5786cbd8b36e5396b https://etherscan.io/address/0x7778360f035c589fce2f4ea5786cbd8b36e5396b

Binance Smart Chain, BEP-20:
0x9029fdfae9a03135846381c7ce16595c3554e10a https://bscscan.com/address/0x9029fdfae9a03135846381c7ce16595c3554e10a

Ontology, OEP-4:
9f4650436a446f635db2db989e7ac067dcea240d https://explorer.ont.io/contract/other/9f4650436a446f635db2db989e7ac067dcea240d

OOE token utility and voting

OOE token holders can utilize tokens in the OpenOcean platform for trading functions, participate in governance via voting, provide liquidity and stake to receive rewards, or simply HODL.

Utility

The OOE token’s utility is reflected in the incentives that holders benefit from when trading on OpenOcean.

Gas fee and trading fee
OpenOcean VIP membership
Access to premium tools and exclusive services
Combined margin pool
Collateral as margin for lending

Voting

The community can develop proposals and OOE token holders can vote on proposals that are listed.

Once proposals have passed the screening and selection successfully, they will be listed for official voting. OOE token holders can participate in voting, and their voting power is proportional to their holdings.

Liquidity mining on OpenOcean BSC

OpenOcean has established a liquidity mining program to bootstrap liquidity, drive adoption, and build a community by distributing the OOE governance token as a reward to early users of the protocol who provide liquidity. Read more about OpenOcean liquidity pools here.

The following two pools will be part of the first liquidity mining program on OpenOcean through the Binance Smart Chain network starting on TGE, July 12th, 1 pm UTC. Initial pools and reward allocations are:

Pool 1 — OOE/BNB
Reward allocated: 1,000,000 OOE
Duration: 14 days
Address: 0xa0b80538fe40660921ce9327879bd1156726d13d

Pool 2 — OOE/BUSD
Reward allocated: 1,000,000 OOE
Duration: 14 days
Address: 0x70f591e38ad52a1f99c1e055759f1f31bcf3732e

To participate in liquidity mining on OpenOcean BSC, OOE holders can transfer OOE from ETH or ONT to Binance Smart Chain via PolyNetwork. Go to OpenOcean Farms page and select “Poly Bridge” from the “Bridge” dropdown menu. More details with guidelines here.. More details with guidelines here.

Trade Mining In Polygon

To celebrate the integration with Polygon, a 100,000 OOE trade mining program will go live at TGE, lasting for two weeks from July 9th, 1:00 pm to July 23th, 1:00 pm UTC. During the campaign period, 1,000 addresses who complete over $500 USDT total trading volume on Polygon via OpenOcean will randomly be selected. The lucky addresses will receive 100 OOE each in reward. The rewards will be distributed to the winners’ wallet addresses in 2 business days after the campaign ends.

Guideline

OOE went live on Ethereum and Binance Smart Chain at 1:00PM, July 12th, 2021 UTC
Learn how to add OOE to your wallet here
Claim AirDrop round 1 and 2 at https://openocean.finance/. Now sure how to do it? Find guide here
Swap OOE on https://openocean.finance/. Classic guide and video tutorial. Pro guide and video tutorial
Supply liquidity and stake LP tokens to earn governance tokens at https://openocean.finance/farms. Need help? Check out the guide and video tutorial
How to trade on Polygon via OpenOcean. Check out the guide.
OpenOcean OOE tokenomics available here