spot_img
spot_img
HomeCOINSWhat Is OTO Protocol (OTO)? Complete Guide Review About...

What Is OTO Protocol (OTO)? Complete Guide Review About OTO Protocol.

What Is OTO Protocol (OTO)?

OTO Protocol provides a decentralized financial asset which rewards users with a sustainable fixed compound interest model through use of its unique automatic staking and automatic compounding mechanism. OTO brings the network’s highest fixed APY, paid every 15 minutes, and a simple buy-hold-earn system that grows your $OTO portfolio in your wallet at a consistent and sustainable pace. $OTO is the native token which interest rebase rewards are paid. Every token holder automatically receives 0.02355% interest every 15 minutes just for holding $OTO tokens in their own wallet! DeFi’s Highest Paying Auto-Staking and Auto-Compounding Protocol with the greatest fixed APY in the industry of 382,945.41%.

Interest rewards are compounded every 15 minutes for every AVAX wallet holding any $OTO tokens. OTO Protocol is the next generation of Decentralized Finance Applications released on the Avalanche network that is conceived to earn passive returns in the easiest and most sustainable way. OTO is an incubated project by NODAC Labs. The token model behind is an experimental approach to an “Automated Circular Economy” concept, consisting of an automatic staking and automatic compounding feature just by holding the token plus a fixed APY that is sustainable over time and backed by a reserve of funds.

$OTO token is powered by rebases, that reward holder with a 0.02355% interest every 15min. This means an annual compound interest. This APY is fixed and it is secured thanks to the 14% and 16% taxes with buys and sells respectively. Other protocols allow bonds that passively dilute your position and pass it on to bondholders (thereby reducing your market share). OTO gets its income from taxes, not bonds, and when someone buys or sells, investors benefit. There is no passive dilution to mint new tokens through binding.

OTO Protocol Storage Key Points

Coin BasicInformation
Coin NameOTO Protocol
Short NameOTO
Circulating SupplyN/A
Total Supply328,385
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

Decentralized finance products and services

The goal for the OTO Protocol token is simple, to build a Reserve Currency Protocol that will still exist in the years to come and become the base for a future ecosystem that offers a range of decentralized finance products and services, all built from a strong foundation of consistent high APY rewards. The tokenomics of $OTO are meant to ensure the project’s sustainability in perpetuity. The rewards received by $OTO holders come from a fee charged to every user each time $OTO is transacted, either through a buy or sell.

This amount is accrued to your OTO Vault and designed to support the rebase rewards in $OTO going forward algorithmically. The competitive advantages of OTO Protocol are its unique mechanics like automatic liquidity injection every 48 hours, the composability, that allow users to farm with $OTO and use it as collateral while still receiving rebases. Also, in security standards, the team will undergo KYC with a third-party provider and locked liquidity 12 months.

OTO Vault

The OTO Vault serves as an insurance fund to achieve price stability and long-term sustainability of the OTO Protocol by maintaining a consistent 0.02355% rebase rate paid to all $OTO token holders. Monthly airdrops distributed to OTO token holders from the proceeds of the OTO Treasury investment ventures.

OTO Treasury

The OTO Treasury provides support to the OTO Vault in the event of an extreme price drop in the $OTO token. The Treasury also funds investments, new OTO projects and marketing. 2.5% of all $OTO traded are burnt in the Cauldron. The more that is traded, the more get put into the fire causing the Cauldron to grow in size reducing the circulating supply and keeping OTO stable.

Farming-as-a-Service meets Titano Tokenomics

OTO Protocol proudly presents a Farming-as-a-Service + Automatic Staking and Automatic Compounding Protocol. This is a huge competitive edge against existing protocols and a big answer to — What’s the difference of Protocol from other projects? One of the biggest waste of potential for existing Automatic Staking and Automatic Compounding Protocol is the usage of their Insurance Funds which is referred to as the OTO Vault for OTO. As developers, the team wouldn’t want that the OTO Vault funds are just sitting around doing nothing. To maximize its potential, the OTO development team is introducing the incorporation of Farming-as-a-Service concept to further innovate and efficiently manage funds for your users.

The concept of Farming-as-a-Service is very simple yet powerful. Through pooled funds that are easily attained through the tax system of the OTO, the development team will initiate multiple blockchain farming. This allows the OTO Vault to be exposed on different protocols and earn rewards either through staking or providing liquidity. Accrued rewards and yields from this ventures are then brought back to the Protocol ecosystem. How? The development team came up with different ways to do so.

Nile
Nile
Nile Is Very Old Author At Wootfi Blog . We Loves To Write About Altcoin , ICO & Defi . In Free Time He Loves To Play Football .