Buy Token: OPEN and OAP
OPEN is the governance token, OAP is the OpenWorld Asset Pool token
As a decentralized exchange with no custody function, you will trade directly from your wallet and have full control of your fund. In order to trade, you need to have a crypto wallet yet, you can use MetaMask (or any other crypto wallet such as SafePal or Trust Wallet):
After you have a wallet, you can connect your wallet by pressing the "Connect Wallet" button on the OpenWorld Trade page [Link]
If you see the message asking you to "Add Binance Smart Chain" to add the Binance Smart Chain (BSC) network to your wallet, please click on the link.
Alternatively, you can manually add the Binance Smart Chain network through this Binance Academy instruction: [Link]
As all trading and transactions happen on-chain and directly interacting with your wallet, you will need native token of the chain to pay gas fee. At the current moment, OpenWorld only operate in BSC (with HarmonyONE to be added next), thus you will need to acquire some BNB to pay gas fee in order to make transactions.
The best way to buy BNB is to buy directly from Decentralized Exchanges that have the most liquidity on BSC, for that we recommend PancakeSwap (Link).
Token can be purchased directly through Decentralize Exchanges such as PancakeSwap, 1Inch, or BogSwap.
Owning OPEN means you are a contributor and a community member of the project. Through voting, you can approve or deny changes that we later on introduce to the project.
In order to access into revenue makes by OpenWorld protocol, you need to stake your OPEN. After you stake OPEN through our [Stake Page], you will receive sOPEN as a proof of stake. The sOPEN you hold is a gateway for you to earn revenue from OpenWorld protocol during the specific monthly time period when you stake. If you stake OPEN after the earning period has started, you are not eligible to receive a share of your earnings through your sOPEN. If you unstake your OPEN before the earning period ends, you are not eligible to receive a share of your earnings through your sOPEN.
OAP is proof of stake of index assets that are contained within OpenWorld's asset pools. The assets that are staked for OAP are used for trading. OAP can be minted using any index asset and burnt to redeem any index asset at any time. To unstake OAP, key in the amount of OAP to be unstaked and redeem accordingly. Note that the fees distributed are based on the number after deducting referral rewards and the network costs of keepers, keeper costs are usually around 1% of the total fees.
Staked OAP token address (BSC): [Link]
As is noted on the Tokenomics page, OAP is chain-specific, which means that OAP from BSC Network cannot be transferred to HarmonyONE Network, for example, and redeemed for HarmonyONE index assets.
OAP's liquidity pools are targeted to balance around certain weights among its assets. These weights are not static and are dynamically adjusted according to market positions of traders. The token weights can be viewed in real-time at [OAP Asset Pools Link]. The reason for rebalancing is to position and hedge the OAP liquidity pools from traders skewed exposure (collectively overly long or overly short) and thus reduce synthetic exposure of OAP holders to market directional risk.