OpenOcean
  • 🌊Welcome
  • The Protocol
    • â–ļī¸Introduction
      • 🔄How it Works
      • 💲Fees Overview
      • 🔐Security & Audits
      • đŸŽ¯Achievements
    • 💙OOE Token
      • â„šī¸OOE token contract migration
      • 🚀OOE Token Migration Tutorials
        • đŸĒ™Migrate OOE Token
        • 🧑‍🌾Migrate LP in Farming
        • đŸĻMigrate Staking in Vault (Ethereum Only)
  • PRODUCTS
    • 🌐DEX Aggregator
      • đŸ’ĻDEXs Integration
      • 🆓Ultra Mode
      • Aggregator Swap Api
      • Gasless Api
    • 📈Limit Orders
      • How to place a limit order
      • Limit Order FAQ
      • Limit Order Api
    • đŸŽ¯DCA
      • How to use DCA
      • DCA Api
    • 👾Meme Terminal
      • Features
      • Meme Api
    • 🧑‍🌾Farms & Vaults
      • How to participate in farm
      • How to participate in vault
    • 📊Perpetual Futures
      • How to make Perpetual Swaps
    • đŸĸOpenOcean DAO
      • đŸ“ĨProposals & Voting
      • đŸ’ĻxOOE Staking
      • â›ŊGas Refund
  • Developer
    • APIs
    • Supported Chains
    • Contracts of Chains
  • Trade on OpenOcean
    • 👨‍đŸ’ģTutorial - Connect Wallets
      • MetaMask Wallet
      • Trust Wallet
      • Coinbase Wallet
      • SafePal Wallet
      • Phantom Wallet
    • 🔄Tutorial - Swap Token
      • Swap on Ethereum
      • Swap on BNB Chain
      • Swap on Arbitrum
      • Swap on Base
    • 📍RPC Adjustment
    • ❗Custom Token
  • Appendix
    • ❓FAQ
    • 💠Media Kit
    • 🚀Social Media
Powered by GitBook
On this page
  • Contract addresses
  • OOE Token utilities
  • Trading fees
  • DAO Governance
  • Liquidity and trade mining incentives
  • Distribution
  • Release schedule
  • Deprecated OOE Contract Addresses
  1. The Protocol

OOE Token

PreviousAchievementsNextOOE token contract migration

Last updated 11 months ago

OOE is the governance and utility token of OpenOcean that enables utility for users of the protocol and lets the community participate in governance. Governance token holders can shape the protocol’s future by suggesting proposals and voting on protocol parameters and future DEX and chain aggregations.

OOE is a multichain token minted on BNB Chain BRC-20 with a finite supply of 1,000,000,000 that cannot be increased – there is no minting function in the token contract.

  • 1.9% of the total supply was claimable at the TGE (token generation event) for our early users who qualified for airdrop rounds 1 and 2

  • 33% of the total token supply is allocated for liquidity mining

  • Liquidity mining and trade mining programs went live at the TGE

  • The initial circulating supply at the TGE was 78,989,286 OOE

Contract addresses

BNB Chain, BEP-20:

Arbitrum One, ERC-20:

OOE Token utilities

OOE token holders can utilize tokens for trading on OpenOcean, participate in governance via voting, provide liquidity and stake to earn, or simply hold. The OOE token’s utility is reflected in the incentives that holders benefit from when spending and deploying on the OpenOcean trading aggregation platform.

Trading fees

  • OOE can be used as a trading fee for derivative trading. OOE stakers in derivatives can earn a 20% fee rebate in derivative trading.

  • OOE will be further developed for gas fee for swap trading.

DAO Governance

Liquidity and trade mining incentives

33% of the total OOE token distribution is allocated to liquidity and trade mining rewards to distribute the token fairly, incentivize liquidity providers, and offset trading fees.

Liquidity mining: Reward programs are distributed to OOE pools to encourage liquidity providers and secure deeper liquidity. These liquidity pools are intended for bootstrapping OpenOcean liquidity by using the OOE token as a utility token, not for speculative purposes.

Trade mining: Trade mining programs are deployed to offset trading fees by earning OOE from related transactions and providing subsidies for OOE-related trading.

Distribution

Total OOE supply: 1,000,000,000‌ (1 billion)

  • 5.6% is distributed over 2 years to strategic investors that are partnering with us to create a sustainable ecosystem

  • 7.5% over 2.5-3 years for private placement and strategic round two

  • 29% over 3 years for OpenOcean Lab & co-builders to support protocol development, onboard value-adding ecosystem partners, community developers, and bounty programs

  • 33% over 5 years for liquidity mining to encourage future liquidity providers and incentivize users

  • 7% over 3 years to the ecosystem co-builders that manages OpenOcean ecosystem building, community incentives, and campaigns, etc

  • 15.9% over 3 years for the team and advisors

  • 2% to our early users, which were distributed upon token issuance

Release schedule

Deprecated OOE Contract Addresses

: users can earn xOOE by staking OOE. The conversion is at 1:1 ratio and long-term stakers can earn more xOOE and higher APY.

: DAO forum is built on Snapshot by using xOOE for voting. Users can propose their ideas and vote for changes about our protocol.

Ethereum, ERC-20:

BNB Chain, BEP-20:

Avalanche, ERC-20:

Polygon, ERC-20:

Fantom , ERC-20:

HECO, HRC-20:

Ontology, OEP-4:

OKC, KIP-20:

💙
0x8ea5219a16c2dbf1d6335a6aa0c6bd45c50347c5
0xDCbf4CB83d27C408B30dD7F39bfcabD7176B1Ba3
Staking rewards
Voting power
0x7778360f035c589fce2f4ea5786cbd8b36e5396b
0x9029fdfae9a03135846381c7ce16595c3554e10a
0x0ebd9537A25f56713E34c45b38F421A1e7191469
0x9d5565dA88e596730522CbC5a918d2A89dbC16d9
0x9d8F97A3C2f9f397B6D46Cbe2d39CC1D8Cf19010
0x40817e1ab07fc872b7af6a959c4b7a8febf6c4ab
9f4650436a446f635db2db989e7ac067dcea240d
0x40817e1ab07fc872b7af6a959c4b7a8febf6c4ab