Cross-chain Aggregator O3 Swap Market Analysis

I. Introduction

O3 Swap is a proprietary cross-chain aggregation protocol built by O3 Labs. The mission of O3 Swap is to provide users access to financial services based on cryptocurrency and enable them to exchange or “swap” various digital assets in O3 wallets. The platform also provides cross-chain exchanges for trading platform settlement, regardless of the limitations of typical isolated blockchain networks. The O3 Swap protocol, in collaboration with its associated decentralized wallet software, provides a one-stop aggregate trading platform for consumers and offers an open, distributed, unlimited and secure trading environment for developers.

O3 Labs was established in Tokyo in the year 2017.The main product is Neo Lightweight Wallet — O3 Wallet, which was released in Tokyo in 2017 and recently started supporting Ontology. O3 wallets support the purchase of cryptocurrencies (including BTC, NEO, ETH) using Fiat currency (US Dollars, Euros) and credit cards; Supports mainstream assets such as Bitcoin, Ethereum, Neo, Ontology, Polkadot, Binance Smart Chain and Huobi ECO Chain, and integrates dAPIs for high-quality DeFi projects.

O3 Swap achieves cross-chain trading aggregation through the following ways.

1. Relayer (O3 Agent): The agent of the user and the contract on the chain. Authorized agents find the most appropriate trade path through O3 Swap according to different users’ needs.

2. Aggregation Swap (Cross-chain Aggregation System): O3 Cross-chain Aggregation System is responsible for aggregating multiple liquidity sources in a chain to find the best price and trade path. Aggregation includes Ethereum, BSC, NEO, Heco, Solana, Polkadot along with Layer2 and other DeFi ecosystems where all major liquidity pools (mainly for mainstream Tokens such as BTC, ETH, BNB and other common stablecoin pools) are visible on the market.

3. O3 Hub Cross-Chain Fund Pool: O3 Hub is a cross-chain asset trading pool based on Poly Network Cross-Chain Protocol. It stores stablecoins on different chains in the cross-chain fund pool to support the free conversion of different assets while achieving the best handling fees and prices.

For example, BETH (BSC) is converted to HUSD (HECO).

First, the aggregator automatically converts BETH to BUSD by converting DEX on the aggregator Binance Smart Chain. Second, the BUSD will be converted to HUSD through a cross-chain pool, which will store stablecoins on different chains. Finally, gain HUSD in the HECO wallet.

II. Liquidity Sources

III. Tokenomics

Total O3 Issued: 100 million tokens

Phase 0 (10 million tokens)

Genesis Incentive 5,000,000 5%

Community Feedback 5,000,000 5%

Phase 1 (90 million tokens)

Trade Mining 35,000,000, 35% Decreasing in 2 years

Team 10,000,000 10% 2 years linear unlock

Investment + Cooperation Insitutions 15,000,000, 15% 2-year linear unlock

Reserves + Ecosystem development 30,000,000 30%

Investment institutions: NGC Ventures, OKEx Blockdream Ventures, SevenX Ventures, FBG Ventures, Neo Eco Fund, BTC12 Capital, Incuba Alpha Labs, Moonwhale Ventures, Puzzle Ventures, BenMo Fund, AC Capital etc,Soft Bank Singapore.

IV. Practical Scenario Analysis

Practical Value

Early product testing, community contribution airdrop

Trade mining reward

Liquidity Incentives

Community governance voting

Selling Pressure

Cash out by financers

Cash out by team

Partial cash out of rewards

V. Recent Activities

Type: Mday event

Platform: MXC Exchange

Draw time: 12:00, May 13

Trading time: 22:00, May 14

Price: Free to obtain after meeting the conditions (see MXC Exchange’s announcement for the detailed rules)

Total quota: 100000 tokens

Type: IDO

Platform: DUCK Starter

Time: May 11 at 20:00 p.m.

IDO Price: 1 USDT

Participation: Whitelist

Lock mechanism: No lock, 100% release.

Individual limit: 250 USDT — 650 USDT (classified according to the amount of positions held by DUCK)

Breaking news and analysis of the blockchain industry.