Opensat aims to save users time and reduce transaction costs by finding the best exchange routes and transaction prices for users. With the strong emergence of BRC20 in the token market, the trading process remains cumbersome and time-consuming. Similar to NFTs, users have to convert tokens into BTC and then search for the desired tokens in the market before making a purchase using BTC.
To disrupt the existing pattern of token trading, Opensat has been developed. On the frontend, Opensat provides users with an intuitive and efficient token exchange window. On the backend, it aggregates token orders in the market and presents a frontend 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 a 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 uniqueness of the Bitcoin network’s script language, the development of smart contracts on the Bitcoin chain has always been challenging. Therefore, the Opensat team has decided to first complete the aggregation and matching of orders to optimize the user experience while continuing to explore smart contract development.
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 transaction costs.
Currently, Opensat is preparing for its own token public offering, which will be the debut of its new feature, the token IDO platform. Opensat will gradually accept more projects. Considering the diversity of IDO models, 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 mining.
Token Economic Model:
The token issued by Opensat is called ONST, with a total supply of 210,000,000, distributed as follows:
1%: Community contributors
4%: Airdrop whitelist
30%: First-round public offering
55%: Second-round public offering
5%: Listing on centralized exchanges
5%: Development purposes
Currently, Opensat is conducting an airdrop whitelist activity.
Token Usage:
Tokens can be directly staked for sharing Bitcoin rewards after the token sale.
Participate in the token sale of subsequent projects.
Have governance voting rights.
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