What is O3 Swap (O3)?
O3 is the native token of O3 Swap, which is a cross-chain aggregation protocol. The O3 Swap protocol streamlines cross-chain token swaps by gathering liquidity from some of the most well-known blockchains, layer-2 solutions, and decentralized exchanges (DEXs). O3 Swap is interoperable with such chains as Ethereum, BSC, HECO, and Neo. However, more blockchains will be incorporated in the future.
Check out the O3 Swap price chart featured above to see the current O3 price.
O3 Swap facilitates high liquidity using a four-layered structure to produce a productive, steady trading environment with little slippage. The layers include the network layer, the market liquidity layer, the settlement layer, and the application layer.
Moreover, the O3 Swap crypto protocol is made up of three functional models:
- O3 Aggregator. It aids users in locating the associated network's most advantageous trade rates and routes.
- Pool. It's a cross-chain pool that offers cross-chain transaction services to users and enables them to add liquidity by using a single token from many chains to do so. This allows users to profit from cross-chain transaction fees and O3 rewards.
- Dashboard. It allows users to manage their assets and data by logging in with their own wallets.
Use Cases of O3 Tokens
O3 Swap token is the multi-utility token of the platform. It has four main use cases:
- Means of exchange. O3 tokens can be traded on various exchanges.
- Liquidity provision. O3 tokens can be used to provide liquidity on various exchanges, this way generating passive income.
- Governance. O3 Swap coin holders have governance rights, which means they can vote on various decisions concerning the development of the O3 Swap crypto project.
- Staking. O3 tokens can be staked to generate rewards and discounts on trading fees.
If you plan to buy O3 tokens, make sure to analyze the O3 Swap price chart above. Knowing the main trends in the O3 price changes is very beneficial.
Who Founded O3 Swap?
The protocol was created by O3 Labs, a Japanese incubation company. The team's initial release was an open-source, lightweight wallet known as O3 Wallet. Later, though, the project was extended through cross-chain interoperability and liquidity which resulted in the creation of O3 Swap.
