What is osmosis? Osmosis (OSMO) is an advanced automated market maker (AMM) protocol built on the Cosmos Blockchain. cryptocoin.com In this article, we have answered the questions asked by investors such as what is Osmosis, what it offers, what is OSMO coin, what is it for, how to buy it. Now let’s examine this project, which serves as an AMM infrastructure on Cosmos, together.
What is osmosis?
Osmosis is a cross-chain automated market maker (AMM) protocol created through the Cosmos SDK. The protocol allows developers to design, build and deploy their own custom AMMs. Osmosis’s history makes it one of Cosmos Blockchain’s first AMM-based decentralized exchanges (DEXs). This project is basically inspired by the largest AMMs in the market. Therefore, Uniswap hosts many features similar to Curve Finance and Balancer.
Although Osmosis is similar to AMM-based DEXs such as Uniswap, it has a number of features that set them apart. Accordingly, the platform leverages the “wisdom of the crowd” to place orders for liquidity pools. It also uses a special mechanism called “trial and fast renewal process”. However, DEX also supports cross-Blockchain transactions. While at its core is an exchange serving the Cosmos ecosystem, it expands to other Blockchain networks. It integrates with the entire ecosystem using Cosmos’ IBC for interoperability.
What does osmosis offer?
Through Osmosis, users can trade crypto in the fast and integrated system of Cosmos Blockchain. The platform currently supports buying and selling hundreds of cryptocurrencies. However, the platform also allows developers to develop their own custom AMMs and liquidity pools. These pools have an extremely wide range of features. AMM is basically an automatic market maker. Accordingly, asset prices in Osmosis are provided by algorithms instead of order books. The algorithm scans all DEXs, offering the best price for an asset.
What is OSMO coin? What does it do?
OSMO coin is the governance token of Osmosis. This Cosmos-based cryptocurrency; It is distributed to individuals such as liquidity providers, developers, shareholders. So, in order to obtain OSMO coin, you must be among the network participants that fund the success of the Osmosis network. There is no predetermined OSMO token sale. Liquidity providers are rewarded for their contributions to the platform, while token holders can earn passive income through staking. However, OSMO coin holders gain voting rights by participating in management. Thus, they ensure the decentralization of the platform.
What is osmosis? How to get OSMO coins?
Osmosis is currently traded on crypto currency exchanges such as Binance, MEXC, Bitrue and Bitget. Investors who want to buy OSMO coin should access one of these exchanges and follow the buying steps.
