OpenOcean Airdrop Review: All For You Trading

by Cws Team

About OpenOcean Airdrop

OpenOcean Airdrop is the world’s first full aggregation protocol for crypto trading that source liquidity from DeFi and CeFi, and enable cross-chain swaps. The intelligent routing algorithm find the best prices from DEXes and CEXes, and split the routes to provide traders the best prices with low slippage and fast settlement. The function is free to use, OpenOcean users only need to pay the normal blockchain gas fees and exchange fees for the trades, which are charged by the exchanges and not OpenOcean.

OpenOcean aggregates major exchanges (DEXes and CEXes) and across Ethereum, Ethereum Layer 2 such as Loopring and Polygon, Binance Smart Chain, Solana, Ontology, TRON, and is the first full aggregator on Binance Smart Chain, TRON, Ethereum Layer 2, and Binance exchange. We continue to aggregate public chains and exchanges based on the voice of the community.

Besides aggregation of swaps, OpenOcean will continue to aggregate derivative, yield, lending and insurance products, and launch it’s own combined margin products and intelligent wealth management service. OpenOcean Airdrop provides API and arbitrage tools for users to operate automated arbitrage strategies.

The vision is to build a full aggregator for crypto trading that increase capital efficiency and serves as a bridge connecting the isolated islands in the current fragmented DeFi and CeFi markets. Regardless of being small individual investor or large institution, everyone should have the opportunity to trade at the best prices and apply own investment strategies on various crypto asset classes.

Token NameOpenOcean
Total Value19,000,000 OOE
Airdrop Start2021-07-12
KYCKYC Is Not requirement
WhitepaperClick Here To View
Max. ParticipantsUnlimited
Collect AirdropClick Here To Collect Free Airdrop

How To Join OpenOcean Airdrop

First Step

Visit the OpenOcean airdrop claim page.

Second step

Connect your wallet to the network you used to make trades on the platform.

Third Step

If you’re eligible, then you will see the number of tokens you are eligible to claim.

Fourth Step

The airdrop is divided into two rounds in which a total of 10,000,000 OOE were allocated for round one and 9,000,000 OOE for round 2.

Fifth Step

The snapshots for the first round were taken from the launch day of the platform until March 8th, 2021, at 23:59:59 (UTC+8) and the snapshots for the second round were taken from March 8th at 4:00 PM until June 24, 2021, at 12:00 AM UTC.

Six Step

Users who made at least four trades or made a total trading volume of at least 40 USDT during the snapshots are eligible to claim the tokens.

Seven Step

The claim will go live on July 12th, 2021, at 1:00 PM UTC.

Eight Step

For more information regarding the airdrop and launch of the OOE token, see this Medium article.

Nine Step

Also see the announcements of round 1 and round 2 of the airdrop.

How it works

How OpenOcean Finds the Best Prices

To get the best trade, it’s important to access exchanges with the best prices and deep liquidity. OpenOcean helps users with this by searching several DEXes and CEXes for prices and liquidity, and then split the order into different routes to get the best trade. DeFi has given rise to a lot of DEXes such as Uniswap and PancakeSwap. Each DEX has their own separate pools and liquidity that cannot conveniently be accessed at the same time.

The problem is that each pool has different prices and not always deep enough liquidity to provide low slippage, especially when users are making large volume trades. The OpenOcean protocol solves this by sourcing, prioritizing/optimizing, and splitting liquidity routes across different DEXes in order to maximize the overall return on your trade.

What is full aggregator?

Full aggregation means one-stop services that search DeFi and CeFi to find and optimize the best trading options for all types of crypto assets, across DEXes and CEXes, on verious public blockchains.

Cross-chain support

OpenOcean supports cross-chain swaps between the aggregated public chains via cross-chain protocols, and will support direct cross-chain transactions once the infrastructure is mature.

Connecting DeFi and CeFi through CeFi trading aggregation

We are continously aggregating value adding exchanges and users with large orders will automatically optimize the best route between markets in order to execute transactions at the best price both via DEXes and CEXes.

Derivatives, lending, and insurance products aggregation

Based on user needs the protocol will expand product scope into derivatives, both from DeFi and CeFi. For the aggregation of derivatives, they will achieve deep aggregation through portfolio margin. OpenOcean users can trade both long and short on multiple exchanges simultaneously with combined cross margins from both DEXes and CEXes.

In addition, OpenOcean will also aggregate lending and insurance products, as well as provide intelligent investment services to help users participate in the DeFi & CeFi ecosystem and automate their asset management process.

Full user coverage

OpenOcean will support not only DeFi users, but also CeFi users. Support is not only for novice traders but also for professional traders. The existing interface is user-friendly and completely free for users. For funds and professional traders, OpenOcean provides an API interface and customized trading interface services to assist investment institutions in developing trading strategies such as quantitative arbitrage.

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