Buy Ooki
What is Ooki?
Ooki Protocol is a decentralized, community-run cryptocurrency platform designed for flexible decentralised exchange (DEX) functionalities. It incorporates a range of decentralised finance (DeFi) services including margin trading, borrowing, lending, staking, and cross-chain protocols. The protocol operates with a focus on decentralisation, allowing community governance and control.
How does Ooki work?
Ooki operates on an Ethereum-based blockchain and supports additional blockchains like Polygon and Binance Smart Chain. It leverages smart contracts to facilitate secure, transparent, and speedy transactions. These smart contracts execute automatically under predefined conditions, thereby eliminating the need for intermediaries. While the specific consensus mechanism isn't detailed in the sources, due to its Ethereum base, it likely utilises Proof of Stake (PoS) or a similar system.
What are the potential use cases for Ooki?
Ooki offers various DeFi services such as:
- Margin trading
- Lending and borrowing against collateral
- Staking for governance and revenue sharing
- Decentralised governance through community voting
- Interoperability across multiple blockchains
- Non-custodial trading solutions
It is applied in sectors like DeFi lending, decentralised exchanges, staking pools, and governance platforms. The protocol partners with various Web3 projects and integrates with multiple DEXs.
What is the history of Ooki?
The Ooki Protocol began as the bZx protocol, launched on August 29, 2020. Following several security breaches, including a major hack in 2021, it was restructured into a community-run DAO and renamed Ooki Protocol. Notable milestones include the launch of the Oki v2 protocol upgrade, expansion to Binance Smart Chain, and integration with numerous decentralised exchanges. The technology has evolved to offer innovative features such as dynamic interest rates and dex selectors, enhancing its capabilities and market presence.
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Frequently Asked Questions (FAQs)
What is the current price of Ooki (OOKI)?
The Ooki price is $0.0001441 AUD, representing a -5.05% from the day prior.
Where is the best place to buy Ooki (OOKI) in Australia?
The best place to buy Ooki (OOKI) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Ooki (OOKI) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Ooki (OOKI)?
The trading volume of Ooki (OOKI) is $158.3K AUD in the last 24hrs, representing a -5.05% from the day prior.
How can I buy Ooki (OOKI)?
Ooki (OOKI) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Ooki (OOKI)?
The current market cap of Ooki (OOKI) is $1.3M AUD.
Can I convert Ooki (OOKI) to cash?
Yes - With Coinstash you can convert your Ooki (OOKI) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Ooki (OOKI) are there?
The current circulating supply of Ooki (OOKI) is 8.9B.
Is Coinstash a safe place to buy Ooki (OOKI) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Ooki (OOKI) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.