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Talk about how OCEANSWAP will be a second-generation DeX

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4 years ago

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We all know that blockchain technology has only started since 2008 and has evolved into an entire industry. Many cryptocurrencies are entering the market at a rapid pace, and new blockchain technologies are emerging in the cryptocurrency scene to support the wider acceptance and application. Beyond that, most exchanges in the cryptocurrency are centralized, which has been the norm so far. Imagine the irony of cryptocurrencies talking about economic decentralization being traded and stored in centralized exchanges and wallets. Fortunately, this model is also changing, as many people in the cryptocurrency believe that the era of centralized cryptocurrency exchanges must come to an end.

In the last article What is the future of blockchain, the final solution of the centralized exchange has mentioned.

Decentralized exchanges are based on the blockchain and do not store user funds and personal data on centralized servers and are managed by institutions. Instead, they match buyers and sellers of digital assets through smart contracts for point-to-point transactions.

Decentralized exchanges are an important part of decentralized finance (DeFi), which has higher barriers to use but lower moral, technical and regulatory risks than centralized finance (CeFi).

Today we’re going to talk about the characteristics of OCEANSWAP. OCEANSWAP is the second generation of an entirely new decentralized exchange, which is still constrained by the performance of the underlying public chain and will run on smart contracts.

OCEANSWAP uses the platform governance token OCE to expand the entire incentive mechanism, so as to encourage and expand the platform users at the same time, enabling them to have a smooth and healthy childhood period. OCEANSWAP knows what users mean for an exchange, and that’s the significance to launch the OCE in the early period of launching online.

Because the OCE’s rewards could attract enough users for OCEANSWAP to get through its infancy period. At the same time, the strong user base will provide OCEANSWAP with an extremely deep trading depth and sufficient security support for trading large digital assets, and the actual price difference due to the slippage won’t appear in OCEANSWAP. The OCE will be launched as soon as the platform is launched, and it will be endowed with great capabilities:

  1. As 10% to 50% of the transaction fee, you will receive an airdrop of the equivalent value of platform token;

2. Whether the new currency can be listed or not shall be decided jointly by the holders of the platform token, instead of charging listing fees and so on, which to completely solve the current disordered trading environment;

3. The holder of platform token can enjoy 80% of the platform’s rewards and continue to use the service charge to destroy the platform token;

4. Investment properties of platform token brought by the above applications.

We found that the detailed allocation mechanism in the token allocation introduction of the OCEANSAWP white paper, where only a small portion of the token is allocated to the early subscription, user expand bonus, and development team bonus. Most of it is used for liquidity mining rewards.

We noticed that 17.5 million of OCE were mined by smart contracts by the POS+POW dual consensus mechanism. The whole network hashpower of block rewards for OCE is 50 for every 10 minutes (including POS for 25 every 10 minutes and POW for 25 every 10 minutes). In order to achieve better development and sustainability of OCE, when the number of common target addresses increases by 5000, the output will decrease by 5%, and so on. With the increase of hashpower of the whole network, the mining difficulty will become even higher. When the number of users has skyrocketed, then the consensus value of OCE will also become even higher.

The USDT or ETH assets held by the user are the user’s POS basic hashpower. The ratio of 20% of the assets to OCE will generate the hashpower of the optimal balance algorithm, and the asset utilization rate is the highest. Otherwise, and the minimum value of the mainstream assets and the OCE assets is the effective hashpower after the OCE assets are multiplied by 5 times. The POW hashpower of the user is determined by the effective POS hashpower of each user in the user consensus group.

OCEANSAWP is different from previous exchanges in that all of the users participating in the OCE liquidity mining have the assets they deposit and the rewards from the mining in their hands. Different from previous projects, users will deposit the assets in their own wallets for mining ensures the security of more than 80% of the principal of the user’s assets.

Within the OCE mechanism, there are no mandatory restrictions for all users. The user can choose freely to participate in OCE mining. Every user only needs to pledge 20% of the principal of OCE to have hashpower and obtain rewards by POS mining, and through OCE liquidity mining can also have POW hashpower and obtain corresponding rewards. The OCE has a super-high POW mining rewards, which encourages the formation of consensus relations. With the increase in the value of OCE, users can get the double benefits of mining rewards and currency appreciation.

As I said just now, every user involved in liquidity mining needs to pledge OCE of 20% of the principal value of mining, which also ensures that the premise of OCE mining is to provide sufficient market purchasing power; The model of periodic decline of mineral extraction with increasing address number also provides the possibility of sustainability for OCE. The complete economic logic will lead to a steady rise in the value of the OCE.

The OCE has dual consensus mechanism, and this mixed consensus mechanism provides equal opportunities for all miners, and any group can participate in the mining. The way of POS and POW double blocks output way will provide two-way selectivity for users to participate in the liquidity mining. At the same time, the rule of increasing address and decreasing output can also promote the sustainable development of OCE. The value of OCE will be guaranteed with the increase of hashpower and mining difficulty of the whole network.

In conclusion, OCEANSAW will welcome all blockchain applications to OCEANSWAP with an open mind and guide all platform users to create the most secure, convenient, efficient and rich world-class decentralized exchange together.

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Alex Jacob

Alex Jacob is a literature author. He was born in Chicago. Alex passion is writing news articles. He writes number of articles and published it.

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Press Release

UVKXE Releases Anti-Scam Guide, Enhancing User Security Protections

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1 hour ago

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November 23, 2024

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DENVER — Recently, the globally renowned cryptocurrency trading platform UVKXE has published its latest anti-scam guide to address the escalating threats of online scams, establishing a comprehensive protective barrier for users worldwide. The guide focuses on various scamming tactics prevalent in the cryptocurrency sector, highlighting what users should be aware of during transactions and asset management, while also providing effective preventive measures.

Kevin Anderson, CEO of UVKXE, noted: “As the cryptocurrency market continues to expand, more cybercriminals are turning their attention to cryptocurrency users, developing sophisticated scam techniques. As a well-known platform in the cryptocurrency trading field, UVKXE has a responsibility to help users identify and mitigate these potential risks. Through the release of this anti-scam guide, we aim to further enhance user awareness and safeguard their digital asset security.”

The guide outlines the common characteristics of these scams, such as phishing emails that typically use UVKXE or similar official-sounding names, along with forged logos and links, to deceive users into providing their login credentials and sensitive information. It also advises users to always choose official channels when downloading applications to avoid malicious software. Furthermore, UVKXE emphasizes that the platform will never proactively request users to provide sensitive information such as passwords or verification codes in any form.

In addition to the anti-scam guide, UVKXE will launch a series of interactive activities, utilizing community forums and video tutorials to educate users about safety knowledge and help them recognize and respond to potential threats. The UVKXE security team stated that these activities will not only provide real-time updates on scams but also offer users opportunities for direct communication and inquiries.

The investment in technology and education is reflected not only in the publication of the anti-scam guide but also in daily operations and maintenance. Kevin Anderson concluded: “Every protective measure and security technology implemented by UVKXE is designed to ensure the safety of user assets. In the future, we will continue to advance this mission, providing users with safer and more convenient cryptocurrency trading services.”

Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co

Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

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Cloud PR Wire

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Press Release

UVKXE Clarification Statement: A Legally Compliant Trading Platform with International Accreditation

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1 hour ago

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November 23, 2024

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DENVER — Recently, the Securities Commission Malaysia (SC) published a list on its official website of cryptocurrency trading platforms that have not met its local registration requirements, mentioning UVKXE. UVKXE takes this matter seriously and wishes to clarify its credentials and compliance status to its users.

Global Compliance Credentials of UVKXE

UVKXE is committed to operating under legal and compliant principles, upholding a user-first core value. The platform has obtained several certifications from international authoritative regulatory bodies, including but not limited to:

U.S. MSB License
UVKXE has obtained the MSB license issued by the U.S. FinCEN. This certification represents the highest recognition by the U.S. government for financial service institutions, ensuring that UVKXE can legally conduct cryptocurrency-related business.

U.S. SEC License
As one of the few cryptocurrency trading platforms registered with the U.S. Securities and Exchange Commission (SEC), UVKXE complies with securities and investment-related legal regulations, providing users with a safer and more transparent investment environment.

Background on the Malaysian Public List

The list published by the Securities Commission Malaysia mainly targets trading platforms that have not met local registration requirements, such as Binance and Bursa Malaysia, rather than denying the platform legality. UVKXE has obtained multiple authoritative licenses internationally, and its compliance is beyond doubt. UVKXE is in communication with relevant departments to understand local specific regulations and to advance the registration process, ensuring compliance with local market requirements.

Commitment to Legal Compliance and User-Centric Values

UVKXE will use this event as an opportunity to further enhance its global compliance framework, actively adapting to regulatory environments in various countries, and providing users with more professional and diversified financial services. We sincerely thank all users for their trust and support! UVKXE promises that no matter where it operates, the platform will always adhere to the core philosophy of “user-first”, moving together with global users towards a safer, more open, and transparent new era of the digital economy.

Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co

Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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Press Release

UVKXE Strengthens Security Strategy, Leading Innovations in Anti-Scam Technology for Crypto Platforms

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1 hour ago

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November 23, 2024

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DENVER — Recently, the globally recognized cryptocurrency trading platform UVKXE officially announced the completion of its latest security system upgrade. This upgrade significantly enhances the cybersecurity defenses of the platform and introduces cutting-edge anti-scam technologies. Through this technological update, UVKXE demonstrates its commitment to user asset security and proactive measures against potential future cyber threats.

Kevin Anderson, CEO of UVKXE, stated: “User trust is the foundation of UVKXE, and ensuring the security of user assets is always our top priority. This security system upgrade incorporates AI deep learning, real-time risk control, and efficient anomaly detection algorithms, aiming to create a safe and trustworthy trading environment for users. We will continue to optimize the security measures for user assets, ensuring that every user can trade confidently on UVKXE.”

The focus of this security system upgrade is primarily on anti-scam technologies. In response to the ever-evolving online threats and scam tactics in recent years, UVKXE has strengthened its multi-layered protective mechanisms, effectively enhancing the security and responsiveness of the system. The upgrade introduces AI-driven anti-scam technology, which intelligently analyzes user behavior through deep learning algorithms, allowing for rapid identification and isolation of suspected scamming activities. The AI anti-scam system can monitor and analyze large volumes of trading data in real time, immediately freezing any suspicious transactions or account activities to safeguard user assets.

Kevin Anderson further explained: “Traditional anti-scam methods often rely on post-event analysis, whereas the new system of UVKXE can identify risks promptly before incidents occur, taking immediate action to prevent losses.”

In terms of anomaly detection, the system of UVKXE combines the transaction histories, asset conditions, login locations, and other multidimensional data of users to accurately pinpoint potential security vulnerabilities. Through anomaly detection technology, each user login and transaction can be monitored in real time, with timely alerts prompting users to confirm actions, further enhancing the security of the platform.

Kevin Anderson concluded: “We hope every user can enjoy a secure trading experience on UVKXE. By continually optimizing our security strategies, we aim to provide a safer and more convenient cryptocurrency trading experience for our users.”

Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co

Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

About Author

Cloud PR Wire

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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