Open Ocean — Weekly Development Report In DETAILS
Welcome to all Crypto Analysts and investors, today’s article is going to be displaying the full details on the Developments Accomplished by Open Ocean over the course of the past 7 days. Last week, the team was really active when it came to updates, they enabled staking options for various users while holding AMAs. This week entails quite a few features which we’ll be emphasizing on today.
OPENOCEAN PLATFORM
OpenOcean is simply the 1st Decentralized & Centralized finance Based Aggregator. OpenOcean’s algorithm for intelligent routing searches for the best prices with minimal slippage for every user/ trader affiliated with the Decentralized and Centralized Exchange system with no extra charges. OpenOcean has aggregated a lot of prominent DeXs around the public network. These mediums include; Solana, fantom, Polygon and many more. The system still plans to integrating crosschain swaps via crosschain bridges and systems. While on this integration, they are dedicated to providing the community with frequent weekly updates, the updates for this week will be detailed below:
BALANCE LABS AMA
On the 30th of November at 1am UTC, Mathias from OpenOcean network had a discussion with Balancer ( a prominent platform for Programmable Liquidity)about how to trade the best prices. For more info: https://twitter.com/OpenOceanGlobal/status/1465176672634748929?s=20
AVALANCHE SECTOR
On the 30th of November, they informed the community that the Avalanche AVAX trading volume on OpenOcean is massively surging since they upgraded their algorithm to the even more efficient Atlantic Version. For details: https://twitter.com/openoceanglobal/status/1465701692851191813?s=21
ATLANTIC WAVE INTRODUCTION
On the 1st of December, Open Ocean network announced to fully introduce Open Ocean Atlantic Wave ($1million pledged to several BinanceChain initiatives. Considering their large Binance SmartChain Community base, they are looking to develop connections with various projects and accelerate the development of the Binance Smartchain.
This particular program is going to be live for over 6 months from the month of December, it also contains several BinanceChain Trading Related Campaigns for different sectors, which include; Decentralized Finance, NFTs (Non Fungible tokens), Gaming, DAOs & the metaverses. If a user misses a particular campaign, they’ll enable more chances over the CampaignDuration
For more info: https://openoceanglobal.medium.com/openocean-atlanticwave-commits-1-million-to-binance-smart-chain-growth-883e9e324a63
CRYPTOMINES APP AMA
On the 3rd of December at 16:00 UTC, the OpenOcean platform happily invited the team of CryptoMines to join their community in order to share more knowledge of Sci-fi games. There was also a placement of $1000 in ETERNAL tokens to Share. For more information: https://twitter.com/OpenOceanGlobal/status/1466635324311076864?s=20
SUMMARY
The OpenOcean Network is really working towards facilitating various schemes and plans for the betterment of their community and network. The platform also encourages the community to stay tuned for more reward based events. The network is really proving to be a Onestop destination to trade on 10 networks. It also grants users freedom to trade any token with the best return. While facilitating this sector, users will be empowered with more reward & incentive plans along the way. As the platform enters a brand new week for the month of December, more updates are sure to grab the community’s attention.
Learn more about OpenOcean
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