Opensat hopes to save users time and reduce their trading costs by finding the best exchange routes and transaction prices for them. With the strong emergence of BRC20 in the token market, the trading process still remains cumbersome and time-consuming. Similar to the operation of NFTs, users have to convert tokens into BTC and then search for the desired tokens in the market before making a purchase with BTC. This tedious process has become a part of users’ search costs and may result in missed trading opportunities.
To disrupt the existing pattern of token trading, Opensat has been developed. On the front end, Opensat provides users with an intuitive and efficient token exchange window. On the back end, it aggregates token orders in the market, presenting a front-end experience similar to Dex in DeFi. Opensat aims to minimize users’ search costs and save them valuable time and energy.
It is worth mentioning that the project has already successfully launched its beta version and achieved token swapping. Its clear and simple page design provides users with a familiar interactive experience similar to Dex, which is unmatched in the current market. Due to the unique nature of the Bitcoin network’s scripting language, the development of smart contracts on the Bitcoin chain has always been troublesome. Therefore, the Opensat team has decided to first complete the aggregation and matching of orders to optimize the user experience, while continuing to explore the development of smart contracts.
The launch of Opensat is not only to improve efficiency but also to improve the decentralized liquidity of the token market. By finding the best exchange routes and transaction prices for users, Opensat not only saves users’ time but also reduces their trading costs.
Currently, Opensat is preparing for its token public offering, which will be the debut of its new feature, the token IDO platform. Opensat will gradually accept more projects. Due to the diversity of the IDO model, projects and users will have a more diverse participation experience, including but not limited to whitelist mode, fixed price mode, auction mode, and staking for new token issuance.
Tokenomics:
The token issued by Opensat is called ONST, with a total supply of 210,000,000. The distribution is as follows:
1%: Community contributors
4%: Airdrop whitelist
30%: First round of public offering
55%: Second round of public offering
5%: Centralized exchange listing
5%: Development purposes
Currently, Opensat is conducting an airdrop whitelist activity.
Token usage:
Tokens can be directly staked and shared in Bitcoin rewards after the token sale is completed.
Participate in the token sale of subsequent projects.
Have governance voting rights.
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