Osmosis

DeFi

Balancer

Cosmos

Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/what-is-osmosis-osmo-coin/" data-wpel-link="internal" rel="noopener noreferrer nofollow">What is Osmosis (OSMO) Coin?</a><br></p>
<p style="text-align: justify">Osmosis (OSMO) is an automated market maker protocol (AMM) designed for the ATOM ecosystem. Inspired by Balancer and Uniswap, Osmosis aims to enable DeFi functionality beyond traditional token exchanges and offers users a cross-chain world.</p>
<h2 style="text-align: justify" id="what-is-osmosis-coin-osmo">What is Osmosis Coin (OSMO)?</h2>
<p style="text-align: justify">For example, with Osmosis, developers can create customized AMMs with independent liquidity pools, and users can launch liquidity pools with unique parameters such as bonding curves and multi-weighted asset pools. This means that a liquidity pool does not always have to follow a 50:50 distribution between assets; it can be customized according to the desires of the party setting up the pool.</p>
<p style="text-align: justify">Osmosis envisions creating a cross-chain native DEX that connects to all Cosmos ecosystem chains. It plans to expand later to IBC-external chains like <a href="https://en.coin-turk.com/ethereum-faces-challenges-in-the-cryptocurrency-market/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ethereum</a> and similar chains to Bitcoin. In this way, Osmosis aims to transfer its unique customizability, such as special curve AMMs, dynamic adjustments of exchange fees, and multi-token liquidity pools, beyond the blockchains in the Cosmos ecosystem.</p>
<p style="text-align: justify">The Osmosis blockchain protocol is said to have three main strengths that distinguish it from other AMM money market protocols.</p>
<p style="text-align: justify">First, Osmosis has customizable liquidity pools. Unlike Uniswap, where LPs can only provide liquidity to a two-token pool with equal ratios, Osmosis allows liquidity to be provided to pools with multiple tokens and unequal ratios. Osmosis argues that intermediaries in a mature DeFi market, such as arbitrageurs and LPs, need a more flexible solution that allows them to identify opportunities themselves and respond by adjusting parameters.</p>
<p style="text-align: justify">Coordination among stakeholders is equally important, so liquidity pool shares in Osmosis are not only used to calculate partial ownership of a liquidity pool but also to calculate the right to participate in the strategic decision-making process of the liquidity pool. This incentivizes long-term liquidity provision and prevents potential vampire attacks from other protocols.</p>
<p style="text-align: justify">Additionally, Osmosis was launched by Sunny Aggarwal, an Indian blockchain <a href="https://finance.coin-turk.com/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">entrepreneur</a> who runs Sikka, a blockchain infrastructure company focused on protocols and networks for a decentralized internet.</p>
<p style="text-align: justify">OSMO is the governance token of the protocol, with a total supply of 1 billion. Initially, 100 million OSMO was released, equally divided between airdrop recipients and a strategic reserve. The tokens are released at the end of each daily epoch and follow a “thirdening” schedule, meaning that token issuance is cut three times a year.</p>
<h2 style="text-align: justify" id="how-to-buy-osmo-coin">How to Buy OSMO Coin?</h2>
<p style="text-align: justify">OSMO Coin can be quickly and securely purchased through <a href="https://accounts.binance.com/en/register?ref=M8RGDITW" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">Binance</a>, the world’s largest cryptocurrency trading platform by trading volume.</p>
<p style="text-align: justify">To buy OSMO Coin, one must first become a member of Binance and then send fiat currency. After sending a fiat currency like dollars, one can make a purchase in the Bitcoin (BTC), BUSD, and Tether (USDT) OSMO trading pairs, where OSMO Coin is traded.</p>
<p style="text-align: justify">In addition, users can also place a purchase order at a lower value than the market value on <a href="https://accounts.binance.com/en/register?ref=M8RGDITW" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">Binance</a> and execute their purchase at their desired price. To do this, simply use the Limit tab and enter the amount you want to buy and the price you want to pay.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/what-is-osmosis-osmo-coin/" data-wpel-link="internal" rel="noopener noreferrer nofollow">What is Osmosis (OSMO) Coin?</a></h5>
<p>The post <a href="https://en.coin-turk.com/what-is-osmosis-osmo-coin/" data-wpel-link="internal" rel="noopener noreferrer nofollow">What is Osmosis (OSMO) Coin?</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

What is Osmosis (OSMO) Coin?

Table of Contents

COINTURK NEWS

Other articles published on Aug 12, 2024

Crypto Market Crashes: Bitcoin Falls 16% and Ethereum Plunges 22% Amid $1B Liquidations

Don’t Panic Sell FET: Here’s Why the Dip Could Be Temporary

Blum Crypto Hits 12M Subscribers on Telegram

BlockDAG’s Swiss Foundation Announcement Triggers $65M Presale Frenzy! Polkadot Levels & Jupiter ...

Grayscale Expands Crypto Offerings with Bittensor and Sui

Bitcoin Drops to $58,774 as Market Shows Signs of Potential Reversal

Join our free newsletter for daily crypto updates!