OpenOcean

OpenOcean, represented by the token OOE, is a decentralized exchange (DEX) aggregator protocol designed to optimize crypto trading by sourcing liquidity from various DeFi markets and enabling cross-chain swaps. The protocol's history is marked by strategic investments and private placements from notable industry investors.

OpenOcean received strategic investments from prominent industry players, including Binance, Multicoin Capital, LD Capital, CMS, Kenetic, and Altonomy. Additionally, the private round saw investments from Altonomy, LD Capital, DAOMaker, OKEx Blockdream Ventures, AU21, FBG, the TRON Foundation, Asymmetries Technologies, and LIAN Group. In July 2021, Huobi Ventures Blockchain Fund also made a strategic investment in OpenOcean.

The OOE token was minted on BNB Chain with a finite supply of 1 billion. At the TGE, 1.9% of the total supply was claimable by early users who qualified for airdrop rounds 1 and 2. The initial circulating supply at the TGE was 78,989,286 OOE. The token distribution includes allocations for liquidity mining, strategic investors, private placement, OpenOcean Lab & co-builders, ecosystem co-builders, the team, and early users.

OpenOcean aggregates major decentralized exchanges across Ethereum, Layer 2s such as Arbitrum and Optimism, BNB Chain, Solana, Avalanche, Fantom, and more. It is the first DEX aggregator on BNB Chain, Avalanche, Fantom, Solana, and Gnosis. The protocol continues to expand to more public chains and decentralized exchanges based on community needs.

The OOE token serves as both a utility and governance token. It enables utility for users of the protocol and allows the community to participate in governance by suggesting proposals and voting on protocol parameters and future DEX and chain aggregations. OOE token holders can utilize tokens for trading on OpenOcean, participate in governance via voting, provide liquidity and stake to earn, or simply hold.

OpenOcean aims to build a full aggregator for crypto trading that increases capital efficiency and connects the isolated islands in the current fragmented DeFi and CeFi markets. The protocol plans to expand its product scope into derivatives and launch intelligent wealth management services. It will also support direct cross-chain transactions once the infrastructure matures.

OpenOcean (OOE) is a decentralized full aggregation protocol designed to optimize crypto trading by sourcing liquidity from both DeFi (decentralized finance) and CeFi (centralized finance) markets. It achieves this through a highly efficient DEX (decentralized exchange) aggregator protocol that facilitates cross-chain swaps and ensures the best possible prices for traders while minimizing slippage and gas costs.

• Optimized Algorithm: OpenOcean employs an optimized variant of the Dijkstra algorithm, known as D-star, which intelligently divides routing across different protocols to enhance transaction rates and secure the most favorable market prices for users.

• Route Optimization through Machine Learning: The protocol continuously improves efficiency by optimizing routes using machine learning techniques based on platform data.

• Best Price Comparison: OpenOcean compares prices across aggregated DEXes to secure optimal deals for users.

• User Interest Protection: The protocol safeguards user interests by subsidizing slippage losses through the use of OOE tokens.

• Transparent Pricing: OpenOcean adheres to transparent pricing mechanisms, refraining from imposing additional transaction fees.

• Public Smart Contracts: The protocol comprises public smart contracts deployed on each supported public chain, which facilitate transactions between users and exchanges through an API.

• API and SaaS Tools: OpenOcean offers API and SaaS arbitrage tools that enable users to take advantage of arbitrage opportunities automatically.

• Cross-Chain Swaps: OpenOcean supports cross-chain interaction between various public chains, including Ethereum, Binance Smart Chain, Tron, and others, allowing seamless asset transfer and swapping across multiple chains.

• Dual Purpose: The OOE token serves both as a governance token and a utility token, providing functionality to users of the protocol and offering the community an opportunity to actively participate in its governance.

• Utility Functions: OOE token holders benefit from incentives such as gas fee and trading fee reductions, liquidity mining, trading incentives, VIP membership, and exclusive services like accessing OpenOcean's automated arbitrage SaaS platform and fee premiums.

• Community Voting Rights: OOE token holders can participate and vote in the growth of the community, influencing the protocol's direction through proposals and votes on protocol parameters, DEX and chain aggregations.

• Notable Investors: OpenOcean has received strategic investments from prominent institutions such as Binance, Kenetic, Multicoin Capital, CMS Holdings, Altonomy, and others, demonstrating significant support for the project.

• Aggregation of Derivatives and Other Products: OpenOcean plans to aggregate derivatives, yield-generation, lending, insurance products, and launch its own combined margin products and intelligent wealth management service in the future, further expanding its ecosystem.

Overall, OpenOcean's advanced technology and comprehensive approach to aggregating liquidity from both DeFi and CeFi markets make it a highly efficient and versatile platform for crypto traders.

The OpenOcean (OOE) token has several strengths that contribute to its value and utility within the OpenOcean ecosystem.

The OOE token serves as a governance token, allowing holders to vote on various OpenOcean-related issues. This gives token holders a say in the platform's development and decision-making processes, ensuring that the community has a significant influence on the project's direction.

OOE holders benefit from cheaper transactions due to gas fee reductions and slippage subsidies during special campaigns. This reduces the overall cost of trading on the platform, making it more attractive to users.

The token is used in OpenOcean's liquidity mining operations, providing an incentive for users to participate in the platform's liquidity pools. Additionally, users who own a significant amount of OOE enjoy various benefits when using OpenOcean's centralized exchange aggregation features.

OpenOcean's native token facilitates cross-chain swaps between different public blockchains, enabling users to access a broader range of trading options. The platform's aggregation capabilities ensure that users can find the best prices across various exchanges, making it a comprehensive liquidity aggregator.

The OOE token is a multichain token minted on Ethereum ERC-20, with a fixed supply of 1 billion tokens. It supports various blockchain networks, including Tron, BSC, and ETH, and can be used in different liquidity pools and trading pairs.

OpenOcean's token is also linked to the platform's asset evaluation system, which assesses tokens based on risk exposure to protect users. This adds an extra layer of security for users trading on the platform.

Overall, the OOE token's strengths lie in its multifaceted utility, governance capabilities, and cost-saving benefits, making it a valuable asset within the OpenOcean ecosystem.

OpenOcean (OOE) faces various financial risks that can impact its performance and the value of its token. Here are some key financial risks associated with OpenOcean:

1. Market Volatility: OpenOcean's token value can fluctuate significantly due to market conditions, making it a high-risk investment. Market volatility can lead to significant losses for investors if they buy during a peak and sell during a downturn.

2. Liquidity Risks: OpenOcean's liquidity mining and trade mining programs are designed to incentivize liquidity providers. However, if these programs are not successful, liquidity risks can arise, making it difficult for users to buy or sell the token quickly and at a fair price.

3. Security Risks: OpenOcean has faced security breaches in the past, such as the Poly Network exploit, which compromised the security of its main bridge and led to the unauthorized transfer of multiple assets, including OOE tokens. Such incidents can lead to significant financial losses and undermine investor confidence.

4. Regulatory Risks: As a decentralized token, OpenOcean is subject to regulatory risks. Changes in regulatory environments or legal frameworks can impact the token's value and usability, potentially leading to financial losses for investors.

5. Operational Risks: OpenOcean's operations are susceptible to internal and external factors that can affect its financial performance. These risks include human error, inadequate processes, system failures, and external events such as natural disasters or political changes.

6. Governance Risks: As a governance token, OOE holders have a say in the protocol's future through voting. However, if governance decisions are not in the best interests of the community, it can lead to financial risks and undermine the token's value.

These financial risks highlight the importance of thorough risk assessment and due diligence before investing in OpenOcean (OOE).

• Michael "Monty" Widenius: Co-founder, known as the "spiritual father" of MariaDB and one of the original developers of MySQL and Tom Henriksson.
• Tom Henriksson: Co-founder, experienced in investment and trading systems development.
• Ekaterina Almasque: General Partner, Investment Team, with expertise in Artificial Intelligence, Data Infrastructure, Cybersecurity, Quantum Computing, and DevOps.
• Patrik Backman: General Partner, Investment Team, with expertise in Data Infrastructure, Artificial Intelligence, Open Source, and DevOps.
• Ralf Wahlsten: Chairman, Investment Team, with expertise in Data Infrastructure and Open Source.
• Sri Ayangar: Investment Associate, Investment Team, with expertise in Data Infrastructure and DevOps.
• Lisa Edgar: Strategic Advisor, with expertise in advising.
• Sam Hields: Principal, Investment Team, with expertise in Artificial Intelligence, Cybersecurity, DevOps, and Data Infrastructure.
• Mirva Laatunen: Investment Analyst, with expertise in investment analysis.
• Raoul Lehtonen: Finance Manager, Back Office, with expertise in finance and back office operations.
• Tony Nysten: Principal, Investment Team, with expertise in FinTech and Artificial Intelligence.
• Crystal van Oosterom: AI Venture Partner, with expertise in Artificial Intelligence.
• Ollie Sellers: Senior Associate Data Scientist, Investment Team, with expertise in Artificial Intelligence and Data Infrastructure.
• Kulpreet Singh: Operating Advisor, with expertise in Automation and advising.
• Naureen Zahid: Investor Relations Director, with expertise in investor relations.