The Token Economy

Status: Partially implemented.

The Open protocol’s economy is fuelled by its native token OSO. OSO is initially built upon the BEP-20, ERC-20 token standards of Binance smart chain, Ethereum. It will eventually be expanded to other blockchains such as Hyperledger, Tron to improve its multi-chain interoperability.

5% of the profits earned every month will be used to buyback OSO tokens from the market. Open will continue to do this, for a period of 36 months.

OSO use-cases

  1. Protocol governance.

  2. OTS network fees 0.06% fees denominated in OSO.

  3. DIVE protocol fees.