If the dream of Bitcoin is a peer-to-peer currency system, then the vision of Ethereum is a “world computer”. Around Ethereum, quite a few application scenarios have emerged in the past few years. From the craze caused by the issuance of tokens to the popularity of Crypto Kitties, from stablecoins to Defi… However, the current application scope of blockchain public chains is still relatively narrow.
In the real world, regardless of securities, bonds, real estate, credit scores, airline mileage, and even various valuable collections, their transactions and confirmation of rights involve various legal, policy and other restrictions. The blockchain seems to be still running in the fairy tale world, completely unable to deal with the complex and bloated real financial world. Assets on the chain are still an unattainable dream.
Perhaps, there is a blockchain perspective that uses assets as a lens to penetrate various transaction scenarios. The Open Finance protocol, Open Finance, reveals this perspective and ambition.
What is OpenDefi
OpenDeFi supported by OroPocket tokenizes physical assets and provides a series of financial services, aiming to build a bridge between physical assets and DeFi assets. The services it provides include: pledge assets to obtain income, obtain fast loans through investment, instant transactions and no slippage, use asset-backed debit cards for instant consumption, and create cross-chain value by allowing assets to flow freely across chains. At present, OpenDefi has launched a gold and silver application simulation to realize the above-mentioned functions.
What is ORO
Total issuance: 100,000,000 ORO
Current circulation: 4,250,000 ORO
Initial issue price: 0.16 USDT
Token distribution and unlocking:
Token Sale-Seed Round: 5%
Token Sale-Private Sale Round: 10%
Foundation reserve: 15%
Team: 10%
Staking/mining reward: 20%
Asset reserve: 20%
Partners: 10%
Consultant: 5%
Marketing promotion: 5%
Token unlock:
Token Sale-Seed Round: TGE unlocks 10%, and then unlocks 22.5% every quarter
Token Sale-Private Sale Round: TGE unlocks 20%, and then unlocks 20% every quarter
Foundation reserves: initial trading liquidity and the remaining part locked for 9 months
Team: It will be unlocked after 2 years, and will be released linearly every month from 25 to 48 months after TGE.
Staking/mining reward: released according to mining index ()
Asset reserves: control deployment through governance
Partners: depends on future cooperation
Consultant: Unlocked after 1 year, linear release every month from 13-24 months after TGE
Marketing promotion: lock up for 6 months after TGE
About listing BitMax
BitMax (BTMX.io) is a digital asset trading platform created by the Wall Street quantitative trading team. It adheres to the three core values of efficiency, transparency, and stability, and is committed to providing a wide range of financial products and related services to institutional and individual customers.
As a trading platform with rich experience and professional strength, BitMax has successively selected high-quality projects such as LTO, ALGO and RUNE, which undoubtedly makes BitMax one of the first choices for many projects to go online. OpenDeFi (ORO) will be listed on BitMax. The details are as follows:
Open deposit and withdrawal: December 04, 11:00 (Beijing time)
Open for trading: December 04, 23:00 (Beijing time)
Open trading market: ORO/USDT
