Osmosis

Halal Rating :
Comfortable
Last Price $0.29 Last updated:
Rank 236
1D Change -2.48 %
Market Cap $207.61m
Circulating supply 709,665,547
Maximum supply 1,000,000,000

Crypto Overview

Categories
  • Cosmos Ecosystem
  • Ethereum Ecosystem
  • Polygon Ecosystem
  • Injective Ecosystem
  • Osmosis Ecosystem
  • Modular Blockchain

Purpose and Utility

Osmosis (OSMO) is the native token of the Osmosis DEX, an automated market maker (AMK) protocol built on the Cosmos ecosystem. The token serves multiple purposes: governance rights over the protocol, incentivizing liquidity providers, and paying transaction fees on the network.

Business Model

The protocol operates as a decentralized exchange where users can trade various Cosmos-based tokens. Liquidity providers earn OSMO tokens as rewards for contributing to trading pairs. The business model is transparent and based on facilitating legitimate trade of digital assets.

Real-World Adoption

Osmosis has established itself as one of the leading DEXs in the Cosmos ecosystem, with significant daily trading volume and active liquidity providers. The platform has integrated with numerous Cosmos chains and maintains partnerships with major projects in the ecosystem.

Platform Development

The project maintains active development with regular updates to the protocol. The developer community consistently implements new features and improvements, as evidenced by their GitHub activity and technical documentation.

Token Distribution

The token distribution includes allocations for the community pool, developer vesting, and liquidity mining rewards. While there is a significant allocation for the team and early backers, it follows standard vesting schedules to prevent immediate selling pressure.

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