BSCDaily.com hosts O3 Swap: a cross-chain aggregation trading platform incubated by the O3Labs team. It aggregates the liquidity sources from various decentralized exchanges across chains, and through the cross-chain pool, users can complete the cross-chain transaction.
BSCdaily – Admin: Hello and welcome to BSC Daily, @TimO3Labs! How is your day?
Tim O3: I am doing well:) thanks for having me today
BSCdaily – Admin: It’s our pleasure to have you in the house today
BSCdaily – Admin: Shall we start the AMA?
Tim O3: yep, let’s go
Q1: Let’s give the audience a brief description of what O3 Swap is?
Tim O3: O3 Swap is a cross-chain aggregation trading platform incubated by the O3Labs team. It aggregates the liquidity sources from various decentralized exchanges across chains, and through the cross-chain pool, users can complete the cross-chain transaction.
Our website : https://o3swap.com/
Q2: Could you tell us a little bit about yourself and your team? What are your past experiences?
Tim O3: This is Tim from O3 Labs, I am in charge of the O3 Swap design with all our outstanding teammates. Before joining the O3 Labs, I was a project manager in a consultant company based in Hong Kong.
Q3: You were a project manager before coming to O3 Labs. So what makes you and your team decide to build O3 Swap? Any stories behind?
Tim O3: Haha, because I like the blockchain tech and also crypto holder since 2017;)
And this year is a good chance for many projects
Q4: What are the competitive advantages of O3 Swap compared to its competitors?
Tim O3: There are three competitive advantages of O3 Swap compared to other non-custodial exchanges on the market.
1, O3 is the first DeFi project to build a cross-chain trading pool. The pool will allow for the open exchange of major assets which span multiple blockchain networks, and provide a single token mining for multi-chain assets.
2, O3 combines with liquidity aggregation and trade mining, we will provide the best trading rate and routes for traders. At the same time, traders can also earn rewards from each transaction on O3 Swap.
3, O3 Swap has an innovative economic model where we will share the revenue from O3 Swap with O3 traders and stakers. It should attract more and more people to participate on our platform.
Q5: Could you share with us some of the information about your Tokenomics?
Tim O3: In the economic model of O3 Swap, there are three ways to earn O3. Firstly, users can receive airdrops through early participation in product testing and community contributions. Secondly, they can receive trade mining rewards by using O3 Swap. Thirdly, they can provide liquidity to cross-chain pools to obtain O3 rewards.
There are three primary benefits for the unlocked O3:
1. Member rights: Stake O3 to obtain interest and transaction discounts allocated by the O3 Swap treasury.
2. Community governance: Users can participate in community governance by staking O3 to initiate proposals, participate in voting, etc.
3. LP staking: Users can use O3 to synthesize liquidity equity proof (LP), which can be used for unlocking and mining.
On the other hand, all transaction fees from O3 Swap will regularly be used to buyback O3 in open markets, and distributed to O3 stakers and development committees in proportion.
Tim O3: You can check this graph 🙂
BSCdaily – Admin: Nice graph, it clearly illustrates the economic model of O3 Swap
Q6: Could you share with us some of $O3 token use cases?
Tim O3: Besides the use case I mentioned here, there are several staking ways to earn O3 are coming soon
1. Stake O3 to get the trading discount and earn O3 rewards.
2. Stake O3 trading pairs to unlock and mining
3. Stake cross-chain LP to earn O3 rewards.
Q7: What milestones have you achieved so far in your journey, and what are O3 Swap’s future plans?
Tim O3: At present, our official website is online and supports the cross-chain exchange of assets on Neo, Ethereum, BSC, and Heco for the public test. It can be run by connecting to Metamask. The number of transaction addresses has exceeded 350,000.
In the next step, the O3 token and economic model will be released in May. Genesis mining and staking function will be initiated soon. In Q4 this year, we plan to complete the deployment of the Layer2 network and launch DAO Version..
BSCdaily – Admin: 350,000 is a big number, I’m really looking forward to your upcoming features
Q8: Where can we find news about O3 Swap?
Tim O3: Let me share our media links here
O3 Swap Website: https://o3swap.com/
O3 Labs Website: https://o3.network/
Tim O3: the latest news on CT 😁
BSCdaily – Admin: Wow, O3Swap got featured on CoinTelegraph. That’s amazing
BSCdaily – Admin: Time for wrapping up, any last words you would like to say to our community? @TimO3Labs
Tim O3: yep, for those who are interested in the O3 token, we are going to do the LBP on Balancer tomorrow
Tim O3: and also follow our Twitter and community for the update https://twitter.com/O3_Labs
Tim O3: Thanks for having me today 🙂
BSCdaily – Admin: It was a pleasure having you @TimO3Labs
Thank you so much for spending time with our community & all the very best for O3Swap’s IDO tomorrow