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Price
$0.0233
9/25/2022, 12:51:41 AM
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Market

Market stats

Market cap

$3.9M

Volume (24h)

$409,346.23

Circulating supply

168.9M OOE

All time high

$1.03

Price change (1h)

-0.32%

Price change (24h)

-2.44%

Price change (7d)

-14.32%

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OpenOcean is on the decline this week.

The price of OpenOcean has fallen by 14.32% in the past 7 days. The price declined by 2.44% in the last 24 hours. In just the past hour, the price shrunk by 0.32%. The current price is $0.023265 per OOE. OpenOcean is 97.74% below the all time high of $1.03.

The current circulating supply is 168,903,846 OOE.

About

What Is OpenOcean (OOE)?

OpenOcean aims to be a full aggregation protocol for trading cryptocurrency. Full aggregation indicates one-stop services that search CeFi and DeFi markets to find and optimize the perfect trading options for all crypto assets on public blockchains. Further, to source its liquidity, the OpenOcean aggregation protocol uses CeFi and DeFi markets while providing provision for cross-chain swap. A cross-chain swap is a function that enables trading tokens across different blockchains without the need of any intermediary party. The vision of this network is to develop a full aggregator for cryptocurrency that facilitates trading to increase capital efficiency.  Besides, the asset also has the vision to connect isolated islands in the current fragmented CeFi and DeFi markets.

To fulfill this vision of OpenOcean, the full aggregation protocol uses a routing algorithm to find optimum prices from DEX and CEX. CEX highlights a centralized cryptocurrency exchange platform through which parties can safely exchange digital assets. This, in turn, seeks to provide traders on the network with an instant settlement, low slippage, and optimum prices. Furthermore, the currency aims to aggregate major exchanges like Polygon, Solana, Ethereum, etc., while facilitating trading for users on the protocol across these exchanges. These protocol users are charged exchange fees and regular gas fees for the trading by the exchanges. In order to facilitate these fee payments and other exchanges on the OpenOcean platform, the currency launched its cryptocurrency OOE.

The OOE is a multichain governance and utility token for the platform minted on Ethereum – ERC-20. The term “minted” reflects creating new crypto coins using a proof-of-stake (PoS) consensus algorithm. Multichain reflects an open-source blockchain network designed to build and deploy private blockchain applications that function within or between organizations. Further, the token seeks to facilitate utility for the protocol users while allowing the community of the protocol to participate in governance. This, in turn, aims to help the token holders to shape the protocol's future by recommending proposals voting on the parameters related to protocol, future chain aggregators, and DEX.

History of OpenOcean (OOE)

The journey for developing OpenOcean started in the third and fourth quarters of 2020 and continues today as per the whitepaper of the asset. Further, the token has a maximum total supply of 1,000,000,000 OOE coins.

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FAQ

What is the current price of OpenOcean?

The price of 1 OpenOcean currently costs $0.0233.

What is the market cap of OpenOcean?

The current market cap of OpenOcean is $3.93M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of OpenOcean?

The all-time high of OpenOcean is $1.03. This all-time high is highest price paid for OpenOcean since it was launched.

What is the 24 hour trading volume of OpenOcean?

Over the last 24 hours, the trading volume of OpenOcean is $409.35K.

What other assets are similar to OpenOcean?

Assets that have a similar market cap to OpenOcean include Revolt 2 Earn, Juggernaut, PolkaBridge, and many others. To see a full list, see our comparable market cap assets.

How many OpenOcean are there?

The current circulating supply of OpenOcean is 169 million.

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