Ociswap (OCI) – The Radix DEX: fast, cheap and easy! =

Today, no ecosystem can do without DEX, and that includes Radix (XRD). With Ociswap, the first DEX on Radix is a fact. Ociswap saw the light of day at the end of 2021, so you can say that this dApp is still relatively new. But, doesn’t that apply to the entire crypto market?

Decentralized Finance (DeFi) is one of the major developments in cryptocurrency and blockchain technology, which is seen as an innovative and emerging market. The DeFi world has been around for a number of years, but is still seen as a relatively new market with many opportunities to exploit!

Ociswap is one of the decentralized applications that contributes to the crypto market and the Radix ecosystem. The Ociswap token, called OCI, plays a major role in this. In this article you can discover what you can use Ociswap for and what you can do with the Ociswap token!

View Quick

 

  • View Quick
  • What is Ociswap?
    • Ociswap’s vision
    • cDEX (pre-Babylon)
    • Dex (post-Babylon)
  • Ociswap’s token: OCI
  • OCI Airdrops
    • OCI SPLASH
    • Where and how can you buy $OCI?
  • The Ociswap team
    • Christopher Heuerman
    • Florian Piper
    • Marco
    • Luke Steffen
  • Ociswap on social media
    • The Radix network
  • Conclusion

In the video below you can already watch the team of Ociswap and learn more about the team and the project!

 

What is Ociswap?

As the introduction has revealed, Ociswap is the first DEX within the Radix network. A DEX is a decentralized crypto exchange, which in this case runs on the Radix blockchain. If you want to swap or buy tokens from a certain blockchain, you can use a DEX of the relevant blockchain. For example, there are often several DEXs on each blockchain.

The Ociswap DEX will be officially launched on the first day of the Babylon update. After the Babylon update, the smart contracts will go live on the Radix network and Ociswap will act as a real DEX. Before the release of Babylon, you can already use the so-called Ociswap cDEX: a temporary centralized solution on which you can trade tokens and earn money through liquidity pools.

Before the Babylon update, Ociswap has not been idle, as the platform has organized more than 30 airdrops and collaborated with more than 50 validation nodes within the Radix community. In these airdrop events and campaigns, an effort has been made to distribute the OCI tokens as fairly and proportionately as possible within the OCI and Radix community. In this way, Ociswap tries to nestle itself within the Radix community.

Ociswap tries to differentiate itself from the competition by adding unique features to the platform. For example, the protocol has plans to limit impermanent loss as much as possible and to act as a wealthy Automated Market Maker (AMM). They will explain how Ociswap will realize all this at a later date.

Ociswap’s vision

Every serious crypto project builds from a certain vision and Ociswap is no exception. The Ociswap team strives to develop the platform into the flagship of the Radix ecosystem where everyone can trade tokens quickly, safely and cheaply.

cDEX (pre-Babylon)

Since smart contracts will only be available with the arrival of the Babylon update (Q2, 2023), Ociswap has already introduced a platform on which one can trade tokens with their so-called ‘cDEX’. After all, the tokens on the Radix network are embedded and do not require smart contracts. This cDEX has quickly become the market leader on the Radix network with a market share of 77%!

In developing this platform, the Ociswap team has tried to emulate the user processes of popular DEXes like Uniswap as much as possible. Ociswap mainly focused on creating a platform with the best functionality and user experience. The progressive integration of the Z3US wallet and the opening up of the liquidity pools are a great example of this. With the launch of Ociswap’s cDex, the Radix network is buzzing with activity, parabolically increasing the number of transactions on the Radix network – even without smart contracts!

Ociswap already offers a number of different services to the users of Ociswap. For example, with the cDex Ociswap you can benefit from unique services, such as:

  • Open liquidity pools: it is possible for anyone to provide liquidity to the cDEX pools and thus earn part of the swap fees. In addition, everyone is free to start a pool, which is closely in line with the objective of decentralizing the cDEX as much as possible.
  • Multi-pool routing: by using virtual pools, the Ociswap cDEX is the only platform where you can exchange all tokens directly against each other in one transaction.
  • Token overview: a clear overview of all available tokens and prices on the Radix network.

Dex (post-Babylon)

The official Ociswap DEX will see the light on the first day of the Babylon update (Q2, 2023). Until then, the Ociswap team is working hard on unique features, most of which will be announced over time. What we do know by now is that the team is researching the implementation of protocol owned liquidity and concentrated liquidity. The aim of this is to introduce a wealthy DEX, whereby the risks of impermanent loss can be limited. More details about this will be announced in the run-up to Babylon, but let one thing be clear: the Ociswap platform has the potential to develop into an indispensable part of the Radix Ecosystem.

In addition, Ociswap aims to create an involved community that is not only involved, but also lively. For both established and new crypto projects, a good community is of great importance. It is therefore understandable that the Ociswap team not only focuses on a well-functioning product, but also on a good community. The success of their approach is evident from the figures: Ociswap’s social channels are the most extensive compared to the other projects on Radix.

 

Ociswap’s token: OCI

With OCI, Ociswap has its own token, which acts as the decentralized governance token. This means that the token is used for voting and creating board proposals. The token of a crypto project can often also be used to pay transaction costs, but you can pay these with XRD at Ociswap. However, in addition to administrative tasks, you can do more with your OCI tokens. For example, you need these tokens to participate in the SPLASH event, which I will come back to later in this article.

OCI Airdrops

As described above in the tokenomics, you can get your hands on OCI tokens by participating in airdrop events! Ociswap distinguishes between ‘Community Airdrops’ and ‘Staking Airdrops’, the latter of which has been temporarily paused with the introduction of the SPLASH campaign.

At community airdrops you can get free OCI tokens by completing certain tasks. These airdrops are seen as an ideal introduction to Radix and Ociswap, as it is relatively easy to participate. Community airdrop tasks vary by event and are unique. Some examples include events where the Oci team collaborated with a mobile game and a world boxing champion. The tasks for participants therefore range from composing a Tweet to playing a puzzle game. Don’t want to miss these cool airdrops? Then it is wise to keep an eye on Ociswap’s social media channels. You can discover these later in the article.

With the strike airdrops, investors staking XRD could also expect to receive OCI tokens. To this end, Ociswap has set up a node runner alliance in which more than 50 validation nodes have participated. The amount of this extra OCI reward for strikers differed per person, because it was based on the share of the XRD you staked compared to the other participants. In general you received more the more you staked, but there was no fixed formula for this to prevent cheaters.

 

OCI SPLASH

To replace the Staking Airdrops, the Ociswap team has developed a campaign for people who invest in Ociswap’s liquidity pools. This campaign has been dubbed ‘SPLASH’ and can be seen as an additional incentive to provide liquidity to the cDEX. This campaign is held weekly (from Wednesday to Wednesday) and aims to promote price stability within the Radix Ecosystem while simultaneously distributing the OCI tokens to people who actively and directly support the Ociswap project. A certain number of OCI tokens is reserved for the participants each week.

To participate in the SPLASH campaign, the following requirements apply:

  • Hold ≥ 500 OCI in the wallet containing the LP Tokens during Splash Week.
  • Hold Ociswap cDEX LP Tokens
  • For more information about how SPLASH works and how to collect a bonus, please visit the special SPLASH page and associated documentation. Although with the introduction of SPLASH the staking airdrops have been paused, events will be organized in addition to this campaign in the future where strikers from partner validator nodes will receive extra rewards. Striking can therefore still be beneficial!

 

Where and how can you buy $OCI?

To be able to invest in Ociswap, it is useful to know where you can buy the Ociswap token. OCI is currently not yet available through a CEX, but is widely available on the Radix network, including through Ociswap itself. Ociswap’s cDEX is characterized by the largest liquidity pools, which usually results in the most advantageous swaps. Here you can now swap more than 30 different tokens for OCI tokens, the majority of which are

Purchasing the OCI tokens through the cDEX is relatively easy. Depending on the wallet you use, this can be done either directly via the website (using the Z3US extension, similar to MetaMask) or manually with the Radix Desktop Wallet. If you can’t figure it out? Then the Ociswap Academy explains this in great detail through videos!

How to create and use a Z3US Wallet? You will discover it in the video below:

 

The Ociswap team

But who makes the DEX possible? Ociswap was founded by 4 men, namely Christoph Heuermann, Florian Pieper, Lukas Steffen and Marco. These guys got to know each other in Radix’s discord server! In addition to these four founders, there are currently (September 2022) 8 other team members. As a result, the team, also known as Ocicrew, consists of a total of 12 members. Below we take a closer look at the four founders:

Christopher Heuerman

After studying at the University of Konstanz, Christoph Heuermann started his business. In addition to founding Ociswap, Heuermann also founded his company Staatenlos. For more than 7 years he has been helping people to live an autonomous and independent life. This busy bee has published several courses and books, and has also visited 180 countries! Christoph manages the Staatenlos validator node together with Lukas and is involved in legal matters within Ociswap.

Florian Piper

Florian is an experienced software developer with a background in computer science who is responsible for the technical leadership within the ranks of Ociswap. Thanks to his extensive knowledge and analysis of ledgers and blockchains, he is considered the expert in this field within the Radix community. He has clearly presented these direct comparisons between Layer-1 networks on his website. Florian is also the man behind Clana and the Florian Pieper validator node.

Marco

Marco is an experienced entrepreneur who has been working as a webmaster for more than twenty years. In addition to founding Ociswap, he also founded the German Radix community. Within Ociswap, Marco focuses on the organization, strategy and design.

Luke Steffen

After being active in the marketing world for 7 years, Lukas Steffen has found a new challenge with Ociswap. In these 7 years, Steffen has been active for three different companies, retiring from his last employer in April 2022. This way the focus is completely on Ociswap! Steffen is also involved with Staatenlos, Christoph Heuermann’s company. It is therefore no coincidence that Steffen spent three years traveling the world!

Ociswap on social media

Would you like to stay informed about Ociswap? You can follow the crypto project on various social media channels. With more than 23,000 followers on Twitter, this is the social media channel where most people follow Ociswap. On Twitter you can expect several Tweets per week from the team, so that you stay fully informed about the developments around Ociswap.

In addition, Ociswap also has its own YouTube channel. Here you can find tutorials, so that the Ociswap app no longer holds any secrets for you! In addition, little happens on YouTube, so it is better to use other social media channels for current developments.

After Twitter, most people follow Ociswap through Telegram. At the moment there are more than 10,000 followers who keep abreast of the latest developments around Ociswap via Telegram. In addition to Telegram, you can also continue to follow the crypto project via Discord. Usually, Discord is a social media platform where many followers can be found, but this is not the case with Ociswap.

The Radix network

In this article you have seen Radix several times, but what exactly is Radix? Radix is called RadixDLT in full and the last three letters reveal what the project actually is; a distributed ledger technology (DLT). Radix also has its own token, which you can recognize by the name XRD. The project focuses on decentralizing financial services. With Ociswap, a dApp has been added to the Radix network, which supports Radix’s plans in this regard.

Today’s financial services are centralized, but financial services on the blockchain also have some pain points. Radix takes on these challenges and tries to solve them by building new financial apps and services. DeFi is expected to become the fastest growing economy and Radix wants to play a major role in this development.

Radix is not the only party that has plans to take decentralized finance to the next level. Ethereum is perhaps the most well-known blockchain that focuses on decentralization. However, Ethereum is a lot less scalable than Radix. Radix is lightning fast in terms of transactions and extremely cheap, which is very interesting for investors, users and developers alike!

Conclusion

The Radix network is a highly innovative product, which is extremely beneficial to both developers and users. Transactions are fast and cheap. The dApps on the Radix network also benefit from this, including Ociswap. Ociswap is a relatively new project, which naturally entails certain risks. However, risk also brings return. Therefore, do proper research before investing in new projects, so that you invest in the right projects.

For Ociswap it is important that investors and users discover the benefits of Radix, so that the popularity of Radix will increase. In addition, their competitive position is important. Ociswap may be the first DEX on Radix, but it’s not the only DEX. Despite the bear market, Ociswap continues to build, which is a good sign. However, this gives no guarantees for the future.

Are you looking for more information or do you have any questions about tokenomics or other crypto topics? Or would you like to meet other crypto enthusiasts? In the free Discord channels of our product Money Mastery from AllesOverCrypto you can ask questions and talk to thousands of other crypto enthusiasts. Do you have other crypto related questions? The easiest way is to look up your question in our FAQ. What you can also do is that you google your question + AllesOverCrypto. Please let us know what your thoughts are on the tokenomics we have discussed in this article.

 

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