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What is Osmosis (OSMO)? How does it work? 

WHAT IS OSMOSIS  (OSMO)?

Osmosis is a decentralized exchange built on the Cosmos ecosystem. It is built on the Inter Blockchain Communication Protocol – that allows development of cross chain decentralized applications. Osmosis also allows integration with non IBC blockchain bridging to Ethereum [ETH] and Polkadot [DOT]. The dex also offers Superfluid Staking – a mechanism that allows participants to add liquidity and make the chain secure. 

Launch Date  2021
Founder  Sunny Aggarwal and Dev Ojha
Protocol  Proof of Stake
Native Token  OSMO
Market Cap $369,199,302
Token Type Decentralized Exchange (DEX)
Circulating Supply 492,590,761 OSMO
Max Supply 325,000,000
Consensus Method  Proof of Stake

WHO ARE THE FOUNDERS OF OSMOSIS? 

Osmosis was developed by the core members of the Cosmos ecosystem. Sunny Aggarwal and Dev Ojha from Sikka and Tendermint. Josh Lee and Tony Yun from Keplr, the Interchain Wallet.

HOW DOES OSMOSIS WORK? 

Osmosis is secured by a proof of work consensus protocol with a validator set. Osmosis works on a similar protocol to Bitcoin. Like Bitcoin has a ‘Halving’ scheduled, Osmosis token issuance follows a “thirdening” schedule that cuts the issuance each year. The dex also has customizable liquidity pools.

Osmosis offers a flexible solution that allows them to self-identify opportunities and react to them by adjusting parameters. Users can adjust the slippage, transaction fees, and more. The platform offers equal rights to all the participants to make the defi market more inclusive with fractional ownership. The users actively participate in the decision making to make the platform secure from vampire attacks. 

WHAT MAKES OSMOSIS UNIQUE?

Osmosis, a dex built on the IBC protocol, is different from other decentralized exchanges as it offers single liquidity staking in different size ratios making it easy for anyone to become a liquidity provider. Secondly, the decentralized exchange in itself is a huge ecosystem for IBC linked dApps as well as solutions that are outside the Cosmos ecosystem. 

Secondly, the exchange is fully customizable. Meaning the users have more control and flexibility to stake and earn APY. In addition to earning interest on their idle assets, the user can also participate in the governance of the decentralized exchange. Each user gets to voice their opinion on any decision or proposal laid for the development of the protocol. The platform also introduces the idea of “AMMs as serviced infrastructure’’ Automated Market Makers have been facing increased complexity in the system which Osmosis tries to solve by providing AMM creators with an option to define the bonding curve value function and reuse the rest of the infrastructure using Osmosis’ products.

OSMOSIS PRICE ANALYSIS 

OSMO/USD | Source: Tradingview

  • Osmosis is trading at $0.7453 which is equivalent to INR 61.68. It has recorded a 24 hour volume of $10,920,142 USD.
  • It has a circulating supply of 492,590,761 OSMO coins and a max. supply of 1,000,000,000 OSMO coins.
  • Osmosis is ranked at 79th on crypto market list at the time of writing. 

HOW TO BUY OSMOSIS IN INDIA? 

Planning to buy Osmosis ? You are at the right place.

CoinDCX, the leading crypto & bitcoin investment app in India, offers you the best trading experience, keeping the security at its prime. To do so, register yourself by following the below-mentioned steps. 

  • Download the CoinDCX App on your smartphone.
  • Enter the details required to register
  • Complete KYC
  • On verification of your profile, fund your wallet and buy OSMO token.
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