As the crypto sphere evolves, navigating the complexities of the new web and Decentralized Finance (DeFi) demands innovative solutions. Enter Oath, a governance token meticulously crafted for the OATH Ecosystem, aiming to redefine community-driven governance. With OATH, token holders are empowered to actively participate in critical decision-making processes, ensuring that the platform evolves in alignment with its users' needs. This decentralized governance model not only promises more transparent and inclusive growth but also fosters a robust and engaged community. Read on to discover how Oath is set to revolutionize the DeFi landscape.
What is the Oath Token?
The Oath token (OATH) is a decentralized governance token used to manage the Reaper Farm, Ethos Finance, and Digit protocols within the OATH ecosystem. The Byte Masons, a development collective, are responsible for designing, building, and implementing these protocols, while the OATH Foundation provides funding and support for their development and maintenance.
Purpose and Utility
The primary purpose of the Oath token is to facilitate governance within the OATH Ecosystem. This means that token holders have a say in how the platform is run and developed. The ecosystem is designed to be governed by its users, with governance decisions made through a decentralized process that is transparent and inclusive. Holding OATH tokens also enables community engagement, improved services, and the ability to contribute to the growth and development of decentralized finance (DeFi).
Unique Features
One unique feature of the OATH token is its focus on building a vibrant and engaged community. The OATH Foundation is committed to fostering connections between like-minded individuals, learning from experts in the field, and contributing to the growth of the platform. Additionally, the OATH ecosystem provides a wide range of services, including software development, incentives for users, and easy access to liquidity pools, staking, and other opportunities.
Tokenomics and Distribution Model
The Oath crypto token, also known as OATH, has a total token supply of 100,000 tokens. The distribution model of OATH includes the following:
- Airdrop: 5% of the total token supply (5,000 tokens) is allocated for airdrops, which will be distributed over a six-month period to participants based on their performance in the points program.
- bOATH Emissions: 10% of the total token supply (10,000 tokens) is designated for emissions to bonded OATH (bOATH) stakers on Ethos Reserve, distributed over six months to stakeholders of bonded OATH tokens.
- Protocol Owned Liquidity: 5% of the total token supply (5,000 tokens) is earmarked for protocol-owned liquidity to ensure the protocol's resilience and self-sufficiency.
- Launchpad: 10% of the total token supply (10,000 tokens) is reserved for the launchpad.
- Incentives: 30% of the total token supply (30,000 tokens) is allocated for incentives.
- Liquidity Generation Event (LGE): 20% of the total token supply (20,000 tokens) is allocated for the LGE.
- Initial Liquidity: 13.7% of the total token supply (13,700 tokens) is allocated for initial liquidity.
- Vested Allocations to Contributors: 12.6% of the total token supply (12,600 tokens) is allocated for contributors.
Mechanisms to Control Inflation
To control inflation, OATH has implemented a bonded AU (bAU) system, which provides access to DEX swap fees and earns yield from aUSD loan issuance fees and redemption rewards. This mechanism incentivizes long-term holding and staking, contributing to a more stable token supply.
Market Data
Understanding the market data of the Oath token is crucial for potential investors and users. Here are some key statistics:
- Current Price: $0.0401
- Market Cap: $0.00
- 24h Price Change: 11.28%
- 7d Price Change: 30.25%
- 30d Price Change: 11.94%
- 24h High: $0.0416
- 24h Low: $0.0361
- All-Time High: $0.5856 (2022-03-03T08:46:00.000Z)
- All-Time Low: $0.0236 (2024-01-08T17:57:00.000Z)
- Circulating Supply: 0.00
- Total Supply: 75,996,116.00
The Team Behind Oath
The team behind the Oath crypto token is the OATH Foundation, which is a DeFi infrastructure builder that helps develop protocols across various networks. The OATH Foundation is powered by the Byte Masons team, which is known for its expertise in risk management and security in the DeFi space.
Core Team Members
The Byte Masons team has a track record of building successful projects in the DeFi space. They have developed a suite of ecosystem protocols, including Reaper Farm, Digit, Ethos Reserve, and Aurelius Finance, all of which are powered by the $OATH token.
Notable Advisors and Partners
- Plutus21 Capital: A quantitative and fundamental investment firm that has been backing and building blockchain infrastructure teams since 2017.
- Prometheum: An innovative blockchain-focused company founded in 2017 by a group of Wall Street lawyers.
- Rialto Markets: A FINRA member Broker Dealer and operator of an alternative trading system for private securities.
- Anchorage Digital: A crypto-native company with a regulatory framework and robust financing program.
Governance and Community Engagement
The Oath token is primarily used for governance purposes, allowing stakeholders to have a say in how the platform is run and developed. The ecosystem is designed to be governed by its users, with governance decisions made through a decentralized process that is transparent and inclusive.
Community-Driven Governance
Holding OATH tokens enables community engagement, improved services, and the ability to contribute to the growth and development of decentralized finance (DeFi). The OATH Foundation is committed to fostering connections between like-minded individuals, learning from experts in the field, and contributing to the growth of the platform.
Future Prospects
The future of the Oath token looks promising, with a focus on sustainable development and strategic growth. The OATH Foundation aims to continue building a vibrant and engaged community, providing a wide range of services, including software development, incentives for users, and easy access to liquidity pools, staking, and other opportunities.
Roadmap and Vision
The team's vision is to advance DeFi by empowering teams that have a vision for a protocol but lack the expertise to build one. The team's ability to execute on this vision is demonstrated by their success in launching and growing various protocols. The team's qualifications and experience in DeFi, risk management, and security make them well-positioned to deliver on their roadmap and continue to build successful protocols
