Buy Osmosis (OSMO)
What is Osmosis?
Osmosis is an advanced cross-chain Automated Market Maker (AMM) protocol built with the Cosmos SDK, designed to facilitate interoperable cross-chain trading experiences within the Cosmos ecosystem and beyond. It enables developers to design, build, and customize their own AMMs.
How does Osmosis work?
Osmosis operates as a sovereign appchain within the Cosmos ecosystem, utilizing the Cosmos SDK and Tendermint Core for its blockchain infrastructure. It employs a Proof of Stake (PoS) consensus mechanism, with enhanced security through superfluid staking. The platform uses an Automated Market Maker (AMM) algorithm with customizable liquidity pools, allowing users to choose token weights and parameters. Osmosis also supports CosmWasm smart contracts for enhanced functionality and uses the Inter-Blockchain Communication (IBC) protocol for cross-chain interoperability.
What are the potential use cases for Osmosis?
Osmosis has several potential use cases, including cross-chain trading, where it enables seamless transactions across different blockchains. It allows users to create and manage customizable liquidity pools and participate in decentralized governance using the OSMO token. Additionally, it supports superfluid staking, which combines staking with liquidity provision. Osmosis also enhances blockchain interoperability within the Cosmos ecosystem and plans to implement privacy solutions through proposed partnerships, such as with the Namada blockchain.
What is the history of Osmosis?
Osmosis was founded in 2021 by Sunny Aggarwal, Dev Ojha, and Josh Lee, officially launching in June 2021 as the first native AMM on the Cosmos blockchain network. A major upgrade, version 16.0.0, introduced new features and performance improvements. Osmosis has seen significant growth in its market presence, with a unique tokenomics structure and reaching notable Total Value Locked (TVL) milestones.
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The information presented in this comparison table is for educational purposes only and is not an investment recommendation for your personal circumstances. Past performance is not an indicator of future performance.
The data points in this table are sourced as follows: ASX200 from Google’s ASX200 index price, Gold from ABC Bullion’s website (abc bullion.com.au), and BTC from CoinGecko (coingecko.com.au). All data is recorded at 10 am AEST on the first day of each calendar month.
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Frequently Asked Questions (FAQs)
What is the current price of Osmosis (OSMO)?
The Osmosis price is $0.72754225 AUD, representing a +0.52% from the day prior.
Where is the best place to buy Osmosis (OSMO) in Australia?
The best place to buy Osmosis (OSMO) 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 Osmosis (OSMO) 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 Osmosis (OSMO)?
The trading volume of Osmosis (OSMO) is $15.6M AUD in the last 24hrs, representing a +0.52% from the day prior.
How can I buy Osmosis (OSMO)?
Osmosis (OSMO) 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 Osmosis (OSMO)?
The current market cap of Osmosis (OSMO) is $509.8M AUD.
Can I convert Osmosis (OSMO) to cash?
Yes - With Coinstash you can convert your Osmosis (OSMO) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Osmosis (OSMO) are there?
The current circulating supply of Osmosis (OSMO) is 702.9M.
Is Coinstash a safe place to buy Osmosis (OSMO) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Osmosis (OSMO) 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.