Oxygen Protocol logo

Oxygen Protocol

OXY

Price
$0.0213
12/8/2022, 10:08:12 PM
diamondHands

Keep an eye on Oxygen Protocol

Get instant alerts for major price changes.

Market

Market stats

Market cap

$867,305.89

Volume (24h)

$246,141.54

Circulating supply

40.7M OXY

All time high

$4.14

Price change (1h)

-1.19%

Price change (24h)

-5.63%

Price change (7d)

-9.46%

Sign up now to get up to $400 in rewards

Coinbase users can earn up to $400 on average just by taking advantage of our rewards. Get started now.

congratulationsOnEarningCrypto

Oxygen Protocol is on the decline this week.

The price of Oxygen Protocol has fallen by 9.46% in the past 7 days. The price declined by 5.63% in the last 24 hours. In just the past hour, the price shrunk by 1.19%. The current price is $0.0213 per OXY. Oxygen Protocol is 99.49% below the all time high of $4.14.

The current circulating supply is 40,689,414.512 OXY.

About

What Is Oxygen (OXY)?

The Oxygen platform is an on-chain prime brokerage built using Serum's liquid and growing ecosystem and Solana's scalable blockchain. The Oxygen infrastructure is a pool-based system that democratizes borrowing and lending, specially designed for DeFi applications and users. 

According to its whitepaper, the Serum ecosystem is a vibrant DeFi ecosystem based on Solana, backed by Alameda Research and other liquidity providers. As a result, the on-chain decentralized exchange (Dex) on Serum is liquid and efficient. 

The Oxygen Protocol is powered by the OXY token, which governs and receives 100 percent of its earnings. OXY token holders control the Oxygen Protocol. Every token represents one vote, and token holders will vote on binding governance initiatives related to Oxygen Protocol. 

According to the protocol, the lender receives a fraction of the yield earned and may be charged based on trading volume, asset management pools, and more. The token holders vote on binding governance initiatives related to Oxygen Protocol, each token representing one vote. 

The benefits of OXY token holders are as follows:

  • Users benefit from protocol usage, trading, and liquidation fees through token purchase and burn. Cryptocurrency is burned when some tokens are removed from circulation permanently.

  • Reduced protocol usage fees: Earn a higher return on the assets. Borrow assets at a lower cost.

  • Through committed holding, stake rewards can be generated.

  • Participate in governance decisions regarding the Oxygen protocol's operation, the use of community funds, and the return of net revenues to the Oxygen network. 

The initial distribution of OXY is as follows:

  • Community Fund - 45%

  • Private Sale - 10%

  • Product and Tech Growth - 25%

  • Partners - 8%

  • Team - 2%

  • IEO - 2% 

In total, 35 percent of tokens are allocated to the Oxygen and Serum communities. Those who hold MAPS and SRM tokens can provide input on the best way to develop the ecosystem with the funds they hold in their Community Funds. In total, 88 percent of all tokens, including private sale tokens, are locked for at least six years. Therefore, all team members, partners, traders are committed to the long-term success of the Oxygen Protocol. 

History of Oxygen (OXY)

Alex Grebnev and Viktor Mangazeev are the co-founders of the Oxygen project. There is a total supply of 10,000,000,000 OXY tokens in the Oxygen ecosystem. 

Related Assets

Trending assets

Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.

Popular cryptocurrencies

A selection of cryptocurrencies in the top 50 by market cap.

Recently added

A selection of the most recently added cryptocurrencies.

Comparable market cap

Of all the assets on Coinbase, these 8 are the closest to Oxygen Protocol in market cap.

Oxygen Protocol Calculator

Coinbase Bytes

Coinbase Bytes

The week’s biggest crypto news, sent right to your inbox

FAQ

What is the current price of Oxygen Protocol?

The price of 1 Oxygen Protocol currently costs $0.0213.

What is the market cap of Oxygen Protocol?

The current market cap of Oxygen Protocol is $867.31K. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Oxygen Protocol?

The all-time high of Oxygen Protocol is $4.14. This all-time high is highest price paid for Oxygen Protocol since it was launched.

What is the 24 hour trading volume of Oxygen Protocol?

Over the last 24 hours, the trading volume of Oxygen Protocol is $246.14K.

What other assets are similar to Oxygen Protocol?

Assets that have a similar market cap to Oxygen Protocol include Peony, Decentr, Chronicle, and many others. To see a full list, see our comparable market cap assets.

How many Oxygen Protocol are there?

The current circulating supply of Oxygen Protocol is 41 million.