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OpenOcean – The First Full CeDeFi Aggregation Protocol

Overview

OpenOcean is a DEX aggregator that aggregates liquidity from many DEX and CEX exchanges allowing users to buy at the most optimal price. The most outstanding feature of OpenOcean is that OpenOcean implements cross-chain on many platforms such as Ethereum, Binance Smart Chain, Ontology, Tron, Solana, Polygon, Avalanche, Fantom, Heco to help users do not need to access multiple platforms. In the future OpenOcean also has ambitions to expand on Polkadot.

Unique Selling Points (USPs)

Since its launching, OpenOcean has recorded over $800 million in trading volume from over 440,000 transactions and was ranked the most used DEX and top 1 for best DEX aggregator on Binance Smart Chain by DappRadar.

The most outstanding feature of OpenOcean is that the platform not only aggregates liquidity from DEXs but also aggregates liquidity from CEX. Furthermore, OpenOcean integrates not only one but multiple more chains compared to other platforms. 

In the future, OpenOcean has a very strategic directions. Along with providing Spot/Swap trading products, it also offers derivatives trading, borrowing/lending and Insurance products.

By the end of Q1/2022, OpenOcean has now integrated 14 blockchains, including EVM and non-EVM, providing the most flexible and efficient swap solution. Since January,  27 DEXs have been continuously added in OpenOcean, providing the highest liquidity to ensure users can trade low-liquidity tokens without any price impact.

API 3.0 and SDK – OpenOcean has launched an upgraded API 3.0 and SDK for individuals or projects that need unattended functionality such as quotes, token swaps, transfers, and transaction record tracking. It is free to use and most of the 16 networks have been integrated with deep liquidity for the best speed and support with an average fast response time of 200 milliseconds.

Smart asset management SAAS tool – automatic arbitrage.

Most of the DEXs saw a decrease in trading volume from Q4/2021 to Q1/2022, but OpenOcean saw a significant growth in trading volume for the month:

  • Has increased by 92% in January
  • Has increased by 9% in February
  • Has increased by 25% in March

Tokenomics

Total supply:

  • 1,000,000,000 OOE.
  • Chain: ERC20, BSC, Heco, Avax, Polygon

OOE is the native governance token of the OpenOcean platform, hence, OOE holders will have the following benefits:

  • Vote and recommend with OpenOcean system changes. 
  • Reduce gas fees and subsidize price slippage.
  • Mint and provide liquidity.
  • Considered as collateral to borrow.
  • Receive rewards for users’ transaction fees.

Vesting Schedule

Link chart

Roadmap

Team/Advisors

Cindy Ng – CoFounder

Cindy has worked for RBS as a chief strategy officer, 3M as a director of M&A and the famous Private Equity fund as a senior investment director. Cindy graduated from an Advanced Master of Finance program from a top business school.

Leo Syue – CoFounder

Leo has 12 years of experience in trading system development. Leo started his career at the Intel APAC R&D center. Prior to entering the cryptocurrency industry, Leo led the trading system development team of a leading Asian Financial Futures Exchange.

Lawrence Lau – Smart Contract Development

Lawrence was a senior architect at IBM and HP. He is one of the core members of the team that developed the HP Quality Center, the industry-leading inspection and management platform. Lawrence also has 7 years of experience as a trading platform development architect.

Yip Tsai – UI Developer

YiPing used to lead the development of the user interface of the company OTA Trip.com.

↳ The team has experience and expertise in the field of fund management, financial trading platform, and has been involved in Crypto for over 5 years.

Investors and Partners

The project raised $2,000,000 capital from famous and reputable investors in the Crypto market. Not listed on Binance, Huobi, FTX and Coinbase exchanges, yet.

Currently, OpenOcean’s partners are Defi and Cefi exchanges across the cryptocurrency market such as Uniswap, Sushiswap, Balancer and even Binance. This makes it possible for OpenOcean to provide liquidity to users at the most optimal price.

The latest information from the Medium site announces that OpenOcean has partnered with ZenLink, which helps OpenOcean not limit itself to BSC or Ethereum but has expanded to Polkadot.

Social Channels

The project regularly updates information on Twitter as it is their main information channel. The number of users interacting on Twitter increases over time. The Telegram and Discord group has steaming discussions.

According to Github data, the project team is still active but not very often. From March 31, 2022 the team has a high frequency of activity.

Technical Analysis

The price bottomed is $0.08. The current price is x2.25 compared to the IDO price. According to the daily chart, the RSI is in the oversold zone, the MACD tends to cross up.

The price chart is located in the triangle corner, it is likely to break the previous downtrend. Nice buy zone at $0.09

On-chain Analysis

The data shows that the total amount of $OOE in TOP wallet is showing signs of growth on Feb 2nd, 2022.

Disclaimers

Writers’ opinions are solely their own and do not constitute any financial advice, investment advice, or trading advice.

BSC Army strongly recommends that you do your own research and seek professional advice from a financial advisor where appropriate.

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