Buy Osaka Protocol (OSAK)
What is Osaka Protocol?
Osaka Protocol is a decentralised finance initiative aiming to foster true decentralisation and equality. It follows the vision of Ryoshi and is inspired by Shiba Inu's original vision to create an environment of shared responsibility, where the ownership percentage equates to one's level of influence. The protocol emphasises community engagement and governance, enabling its members to actively participate in project decisions and developments.
How does Osaka Protocol work?
Osaka Protocol operates on the Ethereum blockchain as an ERC-20 token. It employs a community voting system for governance, allowing token holders to propose and vote on changes or updates. This consensus mechanism gives more influence to users holding more tokens. The protocol uses Shiba Inu’s smart contract, ensuring immutability and security, and adopts a deflationary model by burning 50% of the total token supply.
What are the potential use cases for Osaka Protocol?
Potential use cases of Osaka Protocol include:
- Decentralised Governance: Token holders can participate in governance by submitting proposals and voting on key decisions.
- Community Engagement: Incentives like airdrops and liquidity farming encourage active participation.
- DeFi Applications: OSAK tokens provide liquidity on decentralised exchanges, where users can earn transaction fees and staking rewards.
- Digital Experiences: The partnership with SSC Napoli aims to create unique digital experiences for fans.
What is the history of Osaka Protocol?
Osaka Protocol was launched in April 2023, created by an anonymous entity known as 'Mephisto', inspired by the vision of true decentralisation. The token distribution includes liquidity pools, airdrops to past SHIB sellers, incentives for liquidity farming, and allocation to Ryoshiresearch. Governed by its community, all project decisions are made through a voting system. The protocol remains immutable with no major updates or forks reported. It has demonstrated significant market presence with a strong market capitalisation and price performance.
Coin Contract Addresses
Related Assets
Learn More About Osaka Protocol
Frequently Asked Questions (FAQs)
What is the current price of Osaka Protocol (OSAK)?
The Osaka Protocol price is $3.44679e-7 AUD, representing a +10.27% from the day prior.
Where is the best place to buy Osaka Protocol (OSAK) in Australia?
The best place to buy Osaka Protocol (OSAK) 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 Osaka Protocol (OSAK) 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 Osaka Protocol (OSAK)?
The trading volume of Osaka Protocol (OSAK) is $561.0K AUD in the last 24hrs, representing a +10.27% from the day prior.
How can I buy Osaka Protocol (OSAK)?
Osaka Protocol (OSAK) 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 Osaka Protocol (OSAK)?
The current market cap of Osaka Protocol (OSAK) is $257.0M AUD.
Can I convert Osaka Protocol (OSAK) to cash?
Yes - With Coinstash you can convert your Osaka Protocol (OSAK) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Osaka Protocol (OSAK) are there?
The current circulating supply of Osaka Protocol (OSAK) is 761.5T.
Is Coinstash a safe place to buy Osaka Protocol (OSAK) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Osaka Protocol (OSAK) 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.