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s the tokenized version that may be staked and earn rewards. In this manner, one might earn double by receiving both liquidity and stacking rewards.</p><p id="6129">The user will be able to use DEX like a centralized exchange without having to deal with KYC and regulatory problems. This benefits both the user and the lender.</p><figure id="ec93"><img src="https://cdn-images-1.readmedium.com/v2/resize:fit:800/0*gxTm0iVuooaGaqFh"><figcaption>Photo by <a href="https://unsplash.com/pt-br/@lukezhangdesign?utm_source=medium&amp;utm_medium=referral">Luke Zhang</a> on <a href="https://unsplash.com?utm_source=medium&amp;utm_medium=referral">Unsplash</a></figcaption></figure><h2 id="2c01">On-Demand Oracle</h2><p id="0c13">In order to give real-time price pairings, it employs an on-demand oracle, removing the possibility of forced liquidation through price manipulation. Such a dispute has already occured between FTX and Binance.</p><p id="fd61">According to the story, some FTX companies previously involved in market manipulation. They tried to manipulate Binance’s futures market, but none of their positions were liquidated. The reason for this is that Binance does not liquidate based on future data, but rather on the price of the coin in the real market. Binance became aware of the manipulations, resulting in a Twitter conflict between Binance and FTX. You know what happened after that.</p><h2 id="54d9">Performance</h2><p id="5c58">Since its establishment, the DEX has achieved a trade volume of 1.7 billion. This project began in April 2021. Hence, while the trade volume is low in comparison to the timeframe, it is predicted to do well in the future. A minimum daily trading volume of 50 million would be expacted. There are a total of 4.7 million tokens locked in their Dex.</p><blockquote id="1149"><p>They have integrated with numerous multichain. They recently collaborated with Arbitrum. Layer 2 is more focused on scalability. Arbitrum will be traded and lent on the OpenLeverage DEX.</p></blockquote><p id="c897">As a result, it is currently supported by four chains: Ethereum, BNB Chain, Kucoin Community Chain, and Arbitrum.</p><p id="1afb">It has created<b> 479 trading</b> pairs so far. Even so, the trade volume is not that high. They need to come up with a fresh solution to this problem.</p><figure id="39c1"><img src="https://cdn-images-1.readmedium.com/v2/resize:fit:800/0*0YeyJTp8iUZiuJeq"><figcaption>Photo by <a href="https://unsplash.com/@victoriano?utm_source=medium&amp;utm_medium=referral">Victoriano Izquierdo</a> on <a href="https://unsplash.com?utm_source=medium&amp;utm_medium=referral">Unsplash</a></figcaption></figure><h2 id="334d">DEX foundation</h2><p id="cd8a">DEX is now more dependent on the lender. The greater the number of lenders, the greater the market liquidity, and the greater the advantage to the market pair.</p><h2 id="ec6a">Investments</h2><p id="77fa">In 2021, they received 1.8 million dollars in seed round.</p><p id="8a89">Binance Lab became an investor as a result of its investment in OpenLeverage. BNB Chain, crypto.com, kucoin, Nascent, pancakeswap, Continuum Capital, and Ybb are other investors in this.</p><h2 id="61ca">Token Supply</h2><ul><li>The DAO treasury has 45% of the 1 billion supply.</li><li>9.6% is set aside for the development of the supply ecosystem.</li><li>Investors have access to 28.40% of the supply, which is being unlocked slowly.</li><li>The supply for founders, advisors, and workers is 17% of the total.</li></ul><p id="1e8a">Except for the investor, all supplies have been locked. Tokens will be unlocked on a yearly basis and will be subject to 3% supply inflation beginning in 2027.</p><figure id="4ccc"><img src="https://cdn-images-1.readmedium.com/v2/resize:fit:800/0*DhSqrLeycQrDQ-Bc"><figcaption>Photo by <a href="https://unsplash.com/@xavi_cabrera?utm_source=medium&amp;utm_medium=referral">Xavi Cabrera</a> on <a href="https://unsplash.com?utm_source=medium&amp;utm_medium=referral">Unsplash</a></figcaption></figure><h2 id="4a9f">Buyback</h2><p id="0f10">They used a buyback plan. They will acquire 5000 worth of OLE tokens at market price each week for 40 weeks. There will be no burning of purchased tokens; they will hold this.</p><p id="a166">If you wish to acquire OLE tokens, you may do so on kucoin, gate.io, and mexc.</p><h2 id="9d54">Advantage</h2><p id="2fb9">The demand for DEX is expected to skyrocket, and they have the backing of Binance Lab. It is very likely that Binance will list it in the near future. They are working on multichain, which will help them succeed.</p><h2 id="3024">Potential</h2><p id="bb2e">Based on its potential, OLE might have a market valuation of 100 million to $500 million. There is now only a market cap of 2.5 million. It implies one may easily make returns of up to 50x. Many times, the supply will be unlocked in this, causing a slight selling pressure, thus it is best to buy in lower stages.</p><figure id="71eb"><img src="https://cdn-images-1.readmedium.com/v2/resize:fit:800/1*pcTzRH-A5ggZrZXrNxRRvg.png"><figcaption>Screenshot of Tradingview: 4h Chart</figcaption></figure><p id="1931">Only a

Options

few days ago, Ole had a 300% increase due to Arbitrum. Before you buy, you should check at the chart patterns and market sentiment. If the chart pattern is positive, you may plan to buy, but if it is negative, you should wait.</p><p id="cdf6" type="7">Clap — Share — Comment — Happily ☺</p><h2 id="d818">Disclaimer</h2><p id="9b18">This is not a Financial Advice. This article is meant only for educational purpose. I am just sharing my thoughts and analysis based on my many years of experience.</p><h2 id="7158">Thank You for Reading…</h2><div id="db3e" class="link-block"> <a href="https://medium.com/@jessicadoosan02"> <div> <div> <h2>Jessica Doosan - Medium</h2> <div><h3>Read writing from Jessica Doosan on Medium. Brain Booster: Crypto analyst and an Investor. Every day, Jessica Doosan…</h3></div> <div><p>medium.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/0*Oc52QeQvfAaTvSw8)"></div> </div> </div> </a> </div><h2 id="72a1">Read More…</h2><div id="8967" class="link-block"> <a href="https://readmedium.com/floki-inus-qualification-the-new-ceo-of-twitter-is-amazing-d18315ac24ec"> <div> <div> <h2>Floki Inu’s Future with Elon Musk: A 0.1 to 1 Dream or Reality?</h2> <div><h3>Why Floki Inu’s Valuable | Anonymous | Not Burn | Hit a 1!</h3></div> <div><p>medium.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/1*tfj_V71Kamcy6ryLppjt-A.jpeg)"></div> </div> </div> </a> </div><div id="8e29" class="link-block"> <a href="https://readmedium.com/is-busd-dead-are-we-being-fooled-is-this-a-quiet-before-the-storm-10c6eca51bf3"> <div> <div> <h2>900 Million BUSD Transferred From Binance | Will BUSD be Dead When Paxos Stops Minting?</h2> <div><h3>1st Country | Handler | Wrapped | Actuality Work | Whistleblower | Scandals Time | Blackrock</h3></div> <div><p>medium.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/1*z-ohoieBpwrNGOYTp9ElTA.png)"></div> </div> </div> </a> </div><div id="6ab5" class="link-block"> <a href="https://readmedium.com/polygon-matic-how-starbucks-and-instagram-are-accelerating-the-future-of-the-web3-with-polygon-344140c27cfc"> <div> <div> <h2>Polygon(Matic) Has Incredible Potential That You Must Not Miss</h2> <div><h3>YouTube Crushed | Web3 is Not a Technology | King Ruler | Traffic</h3></div> <div><p>medium.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/0*Fr_QOe9Yitxt5Ohg)"></div> </div> </div> </a> </div><div id="ebe1" class="link-block"> <a href="https://readmedium.com/the-future-of-bloktopia-will-it-reach-1-ae322e708af7"> <div> <div> <h2>McDonald’s Favorite Metaverse Project</h2> <div><h3>50x Growth | Actual Potential | Studio | Land | Animoca | Strategy</h3></div> <div><p>medium.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/0*vb8Oy3mXMS1wsawR)"></div> </div> </div> </a> </div><div id="90e4" class="link-block"> <a href="https://readmedium.com/2-coins-have-a-potential-to-make-us-millinery-dac7fd85c286"> <div> <div> <h2>2 Coins Can Make us Millionaire</h2> <div><h3>Brand | Tech Giant | Growth | Potential | Token | Use | 2024</h3></div> <div><p>medium.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/0*byP0b8K7ViZDMj8z)"></div> </div> </div> </a> </div><div id="428c" class="link-block"> <a href="https://readmedium.com/3-easiest-ways-to-make-bitcoin-nfts-8692cc6efc"> <div> <div> <h2>3 Ways to Create & Mint NFTs on Bitcoin Blockchain | 2 Project Soared to 5x-20x</h2> <div><h3>Fees | Technical | 2 Projects | Horse | Chance</h3></div> <div><p>medium.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/1*rSrJcBgv8e7Lc9oykUbaBw.png)"></div> </div> </div> </a> </div></article></body>

This Super Low Market Cap Coin is in The Portfolio of Binance Labs

Gem | Hardly Know | Pairing | Unique Mechanism | Performance | Buyback

Photo by Jay on Unsplash

I was looking at stablecoins because there is some uncertainty around the BUSD. During my research, I came across Binance Lab’s portfolio. There were several crypto project in Binance Lab’s portfolio, but I was surprised to see one with a MarketCap of only 2.5 million.

I was curious as to why Binance Lab would invest in a project with such a small market capitalization. There were some really excellent features in this project, and a 300% gain was also seen in this coin a few days ago.

2022

Over 2000 projects participated in Season 4 of the Binance Labs Incubation Program. Out of 2000 projects, only 14 projects had been selected by Binance Lab. OpenLeaverage was one of the 2 DEX projects that were chosen from among these 14 projects.

DEX

There are several DEX projects on the market, with market caps in the millions. However, the market cap of the project being discussed in this article is barely $2.5 million. Compared to the other of DEX, it is performing rather differently. Every project has something unique about it, and this one is no exception.

Market Cap

It has a market capitalization of $2.7 million and a circulation supply of 66 million Token. Due to its supply, obtaining a market cap of $2 billion is not possible; however, it may be attainable if early inflation occurs in the token. There will be a 1 billion supply overall, which will gradually become available over the course of five years. Once all of the supply is unleashed, there will be yearly inflation.

So yet, it is not listed on Binance, but it is more likely to be. Perhaps it will be listed in a year.

Let’s Learn about the Project & How it Works.

Photo by Richard Tao on Unsplash

OpenLeverage

Margin trading is provided through Openleverage. Margin trading is mostly offered through centralized exchanges. However, there have been numerous incidents in centralized exchanges that have raised concerns about the safety of storing our funds in them.

Together with this, there are issues such as taxation and regulatory authority restrictions. Exchanges manage our money in the same way as banks do, so there is also a risk associated with the fund.

Pairing

In comparison to centralized exchanges, DEX offers less features, such as the lack of pairings and margin trading features. Because regular DEXs, such as pancakeswap and uniswap, do not have many trading features, they are required to transfer tokens to centralized exchanges and trade. Recognizing this issue, Openleverge sought to provide a new solution and thoroughly researched it.

This was their really unique solution to this problem; they offer margin trading with the liquidity of DEX. In this, anyone may come in and make a trading pair in under a minute. In this case, lenders offer liquidity.

Photo by Ruth H Curtis on Unsplash

Unique Mechanism

Any coin can be purchased with a 5x leverage, and the lender who supplies liquidity will be rewarded. It implies that you will receive the reward based on the amount you lend. In this, the calculation of risk is handled according to different categories, such as the pool in which there is more risk, they will earn more reward. This sort of mechanism is integrated into DEX.

If a trader has engaged in margin trading in Ethereum, he will continue to hold this contract and acquire Ethereum from uniswap using the liquidity he has obtained from the lender in real time. This process will be put on hold until the trader completes his transaction.

Lender

For the lender, there are two advantages. If someone offers liquidity, the fund will be locked, and they will be issued LToken in exchange. Staking LToken is the tokenized version that may be staked and earn rewards. In this manner, one might earn double by receiving both liquidity and stacking rewards.

The user will be able to use DEX like a centralized exchange without having to deal with KYC and regulatory problems. This benefits both the user and the lender.

Photo by Luke Zhang on Unsplash

On-Demand Oracle

In order to give real-time price pairings, it employs an on-demand oracle, removing the possibility of forced liquidation through price manipulation. Such a dispute has already occured between FTX and Binance.

According to the story, some FTX companies previously involved in market manipulation. They tried to manipulate Binance’s futures market, but none of their positions were liquidated. The reason for this is that Binance does not liquidate based on future data, but rather on the price of the coin in the real market. Binance became aware of the manipulations, resulting in a Twitter conflict between Binance and FTX. You know what happened after that.

Performance

Since its establishment, the DEX has achieved a trade volume of $1.7 billion. This project began in April 2021. Hence, while the trade volume is low in comparison to the timeframe, it is predicted to do well in the future. A minimum daily trading volume of $50 million would be expacted. There are a total of 4.7 million tokens locked in their Dex.

They have integrated with numerous multichain. They recently collaborated with Arbitrum. Layer 2 is more focused on scalability. Arbitrum will be traded and lent on the OpenLeverage DEX.

As a result, it is currently supported by four chains: Ethereum, BNB Chain, Kucoin Community Chain, and Arbitrum.

It has created 479 trading pairs so far. Even so, the trade volume is not that high. They need to come up with a fresh solution to this problem.

Photo by Victoriano Izquierdo on Unsplash

DEX foundation

DEX is now more dependent on the lender. The greater the number of lenders, the greater the market liquidity, and the greater the advantage to the market pair.

Investments

In 2021, they received 1.8 million dollars in seed round.

Binance Lab became an investor as a result of its investment in OpenLeverage. BNB Chain, crypto.com, kucoin, Nascent, pancakeswap, Continuum Capital, and Ybb are other investors in this.

Token Supply

  • The DAO treasury has 45% of the 1 billion supply.
  • 9.6% is set aside for the development of the supply ecosystem.
  • Investors have access to 28.40% of the supply, which is being unlocked slowly.
  • The supply for founders, advisors, and workers is 17% of the total.

Except for the investor, all supplies have been locked. Tokens will be unlocked on a yearly basis and will be subject to 3% supply inflation beginning in 2027.

Photo by Xavi Cabrera on Unsplash

Buyback

They used a buyback plan. They will acquire $5000 worth of OLE tokens at market price each week for 40 weeks. There will be no burning of purchased tokens; they will hold this.

If you wish to acquire OLE tokens, you may do so on kucoin, gate.io, and mexc.

Advantage

The demand for DEX is expected to skyrocket, and they have the backing of Binance Lab. It is very likely that Binance will list it in the near future. They are working on multichain, which will help them succeed.

Potential

Based on its potential, OLE might have a market valuation of $100 million to $500 million. There is now only a market cap of 2.5 million. It implies one may easily make returns of up to 50x. Many times, the supply will be unlocked in this, causing a slight selling pressure, thus it is best to buy in lower stages.

Screenshot of Tradingview: 4h Chart

Only a few days ago, Ole had a 300% increase due to Arbitrum. Before you buy, you should check at the chart patterns and market sentiment. If the chart pattern is positive, you may plan to buy, but if it is negative, you should wait.

Clap — Share — Comment — Happily ☺

Disclaimer

This is not a Financial Advice. This article is meant only for educational purpose. I am just sharing my thoughts and analysis based on my many years of experience.

Thank You for Reading…

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