Beginner’s Guide to OpenOcean’s Full Aggregator — Binance Aggregation
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The user experience is similar to the decentralized exchange.
The only difference is, you need to sign up with an account.
Go ahead and click on pro.
1. Register
Click on Register in the top right of Pro version: https://openocean.finance/pro
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Go ahead and create an account with either the email or phone option.
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Verify the email.
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2. Log in
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After you log in, it should show your email in the top right with asterisks.
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3. Deposit Assets
Select the token and the public chain. A unique address will be generated, and you can transfer assets to this address from a third-party account (please double check the token and the address before deposit to avoid loss of assets and/or test a small amount). You can only deposit ETH and USDT now. More tokens will be supported in the future.
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4. Exchange
Select the token pair to trade. In CEX trading mode, there is no need to select the network.
This is how to buy the token you want in the CEX. Select the token pair you want and the centralized exchange (Binance etc.).
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Buy token at CEX
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Sell token at CEX
View transactions records by clicking in the upper right hand corner.
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How to manage your account
You can view an overview of your assets.
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How to Withdraw
Select the Token and public chain to be withdrawn, fill in the address and amount, then submit the order. (Before withdrawal, please double check the token and the address to avoid loss of assets). There is support for public chains including TRC-20, Omnichain, ERC-20 and BSC.
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At the bottom of the asset management page, check the recent deposit and withdrawal records.
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Other menu functions
Toggle between the DEX PRO OR Classic version under Trade to switch between classic and pro. Pro will have more features.
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How to check your pending orders
Click on Orders, Spot Orders, and Order History
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How to check your Asset Balances
Click on Assets, and Exchange Account
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Security center
1. At Security Center you can check recent login information and IP
2. Set up and update the email, password, bind the security code and Google verification code to enhance the security level of the account
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KYC Verification
We follow the KYC verification procedure of Binance and apply it to OpenOcean to enable trading on Binance. You will need to submit your passport and identity information, in order to increase the transfer limit for withdrawals.
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If you still have any questions, Feel free to ask questions on our social networks!
The list below
Twitter - https://twitter.com/OpenOceanGlobal
Medium - https://openoceanglobal.medium.com/
Telegram - https://t.me/OOFinanceAnn
OOE Staking Program on OpenOcean
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Since the launch of OOE and related incentivized liquidity pools on OpenOcean, the most frequent request from the community has been to launch a single token staking program.
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OpenOcean is taking steps towards becoming more decentralized in its decision making and always values the voice of the community. This has resulted in creation of a new staking program that will go live today, July 27, 2am and end on August 26, 2am UTC, where users can stake OOE to earn OOE on OpenOcean Ethereum.
Program details
Start: July 27, 2am, 2021 UTC
Network: Ethereum
Reward: 100,000 OOE (calculated and distributed per block)
Duration: 30 days
Terms: No lock-up, can be unstaked at any time
Contract address: 0xb99d38eb69214e493b1183ffa3d561fc9f75d519
How to stake?
Single token staking is a simple and easy way to make your OOE earn more OOE. Users can simply click “Vault” on OpenOcean to access and connect the wallet on Ethereum network. It simply requires you to stake your OOE and in return you will receive rewards.
The OOE can be unstaked at any time. To get started you need OOE on Ethereum and some ETH to pay for the transaction fees when staking and withdrawing.
Generally speaking, single token staking is compared to liquidity mining:
- Less complicated because you only need one token and stake that directly whereas liquidity mining requires you first to supply liquidity, then receive LP tokens that can be staked.
- Less risky because there is no impermanent loss.
- Yields less profit because the risks are lower.
Don’t have OOE on Ethereum?
Option 1: Transfer OOE from Centralized Exchanges that support OOE and send to your Ethereum wallet address.
Option 2: Transfer OOE from BSC/ONT network to ETH network via Poly Bridge. Guide here - https://docs.openocean.finance/how-to-guides/how-to-transfer-ooe-from-ethereum-network-to-bsc-with-polynetwork
More to come, stay tuned!
If you still have any questions, Feel free to ask questions on our social networks!
The list below
Twitter - https://twitter.com/OpenOceanGlobal
Medium - https://openoceanglobal.medium.com/
Telegram - https://t.me/OOFinanceAnn
Ocean Trading Adventures — Trade to open the Mystery Ocean Box!
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In the deep mysterious Ocean, you can discover precious and stunning gems — perhaps some you haven’t seen before. Join OpenOcean 7-day trading adventure and explore which gems you can win in the Mysterious Ocean Box.
Take a deep dive in OpenOcean and get the chance to win rewards from exciting projects: $AXS, $DEGO, $C98, $pCWS, $DPET, $POTS, and $OOE. Start trading and see if you can get your hands on the gems in the Mystery Ocean Box!
Here’s the full details:
Prize Pool: $5,000 worth of 7 different DeFi tokens
How to participate:
Trade at least two of the following tokens $AXS, $C98, $pCWS, $DEGO, $DPET, $POTS & $OOE in any trading pair on BSC via OpenOcean Classic or OpenOcean Pro, e.g. $OOE/BUSD. This must be in two separate trades.
Rewards:
Rewards will be split into two parts:
1 Your total trading volume during the campaign exceeds $100 USDT: 50 lucky winners will be randomly selected and rewarded $30 worth of Mystery Ocean Box tokens.
2 Your total trading volume during the campaign exceeds $200 USDT: 70 lucky winners will be randomly selected and rewarded $50 worth of Mystery Ocean Box tokens.
The 120 winning wallet addresses will participate in our Mystery Ocean Boxes to earn rewards.
Rewards in the box will be equal to $30 or $50 worth of any of these 7 tokens: $AXS, $C98, $pCWS, $DEGO, $DPET, $POTS & $OOE token, e.g. $50 worth of $OOE. You wouldn’t know what you get until you open the box!
Full details of the draw here - https://blog.openocean.finance/ocean-trading-adventures-trade-to-open-the-mystery-ocean-box-8636230591cd
If you still have any questions, Feel free to ask questions on our social networks!
The list below
Website - https://openocean.finance/
Twitter - https://twitter.com/OpenOceanGlobal
Medium - https://openoceanglobal.medium.com/
Telegram - https://t.me/OOFinanceAnn
OpenOcean Monthly Report — July 2021
July 2021 marked the launch of OpenOcean’s governance and utility token OOE. The much anticipated launch created an exciting buzz in the community. July also saw the AirDrop and IDO distributions. In addition to the $OOE listing, July celebrated more product developments and Huobi’s OpenOcean investment. Dive into the full report below.
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OOE Listing
OOE was officially listed on Kucoin with the OOE/USDT token pair, and also listed on other popular Centralized Exchanges:
KuCoin: https://trade.kucoin.com/OOE-USDT
Gate.io: https://www.gate.io/en/trade/OOE_USDT
MEXC: https://www.mexc.com/exchange/OOE_USDT
LBank: https://www.lbank.info/exchange/ooe/usdt
CoinEx: https://www.coinex.com/exchange/ooe-usdt
IDO & SEED SHO
In summary, OpenOcean has successfully raised a total of $100,000 through SEED SHO from Dao Maker and $100,000 from Polkastarter IDO. Here’s the vesting schedule breakdowns:
- SEED SHO on Dao Maker: $100,000–20% unlocked, then 8% on a quarterly basis over 2.5-year period. The sale size is $100,000 with $1,000 allocation per winner.
- IDO on Polkastarter: $100,000–20% unlocked, then 8% on a quarterly basis over 2.5-year period. We received over 5K applications for joining the IDO and only 318 lucky winners qualified. The IDO concluded successfully with all allocation filled.
CoinGecko and CoinMarketCap listings:
CoinMarketCap — https://coinmarketcap.com/currencies/openocean/
Coingecko — https://www.coingecko.com/en/coins/openocean
Investment
On July 7th, Huobi Ventures Blockchain Fund invested into OpenOcean. This marks another high profile investment since March. We believe working alongside the vast Huobi Global ecosystem will help us create more innovative solutions to connect DeFi and CeFi and further benefit users.
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Product Development
UI/UX Upgrades on OpenOcean Classic & Pro versions.
Pro:
Clear presentation of the DEX & CEX price comparisons in rows. Remember, on OpenOcean users can choose to either trade on a DEX with the best price or on a CEX. Low liquidity issues of DEXes can impact the price dramatically, so the option of a high liquidity CEX to trade on can sometimes be a big money saver.
Classic:
- UI Design Display. Line charts supported for selected token pairs to allow users to check historical records. The “Market”section appears directly under the page for users to compare price quotes from different aggregated DEXes. Direct comparison of price from DEXes under “last price” in the “Market” section helps users find the best price.
- “Favorites” Button Added. This allows users to add and save their favorite token pairs.
- Rolling Banners Display. Campaign banners added to keep users updated on all the latest campaigns and opportunities to win rewards.
User Volume Stat Updates
- 279,000 unique addresses
- 2.1Billion trading volume
Public Chain Aggregation
OpenOcean expands the trading universe by integrating Polygon and HECO to the supported networks. It offers users the best one-stop trading experience across DeFi and CeFi. Currently OpenOcean has supported 7 public chains and with 35 DEXes.
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Community Activities
- 2% of OOE airdrops including the wallet campaign winners have been distributed to users.
- Trade mining on Polygon — as a tremendous volume of users participated, there are 1000 winners chosen to share the prize pool of 100,000 $OOE.
- Trade mining on Heco — 100 lucky winners were randomly selected with 100 OOE each.
- Listing campaign together with KuCoin with rewards of 48,000 $OOE.
- AMA hosted on Polkastarter, Binance Smart Chain, and KuCoin.
- Global Ambassador Program — we received over 500 applicants at the end of July and selected the qualified ones.
- Article Writing Contest — 7 winners including 2 bonus winners with impressive and in-depth articles written about OpenOcean won the prize pool of 6000 $OOE.
- Liquidity mining on BSC with two pools — OOE/BUSD & OOE/BNB, rewarding 2,000,000 $OOE for the 14 days then continuing with rewards of 1,600,000 $OOE for another two months ending on Sept. 26.
- Staking Program on ETH with OpenOcean Vaults — stake OOE to earn OOE, with reward pool of 100,000 $OOE, ending on Aug. 26.
The OpenOcean core team really appreciate all the support from our amazing community, investors and full team. We’re looking forward to opening the next chapter of the OpenOcean journey!
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Website - https://openocean.finance/
Twitter - https://twitter.com/OpenOceanGlobal
Medium - https://openoceanglobal.medium.com/
Telegram - https://t.me/OOFinanceAnn