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Organix

Synthetic assets issuance and trading protocol
Potential Risk
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What is Organix?
Organix is a synthetic assets protocol running on BSC and EOS. By over-collateralized the OGX tokens, synthetic assets such as cryptocurrencies, commodities and indexes can be minted and traded with the support from oracles. Mint synthetic assets by over-collateralized the OGX tokens, to claim the inflationary reward, and the trading fee every week
Information
Type
Automated Market Maker
Blockchain
EOS
Platform
Windows, macOS
Publisher
Organix Team
Version
Version 1.0
FAQ
Organix is a decentralized synthetic asset issuance and tranding protocol.
OGX is the basic token in the Organix network protocol. OUSD can be generated by over-collateralizing OGX. OUSD is a stablecoin in the system, and the price of collateral minting is 1USD. Through OUSD, different types of synthetic assets can be traded on the synthetic asset exchange in the Organix system according to the oracle price of different assets, including but not limited to cryptocurrency, commodities, fiat money, a basket of currencies of a certain category and their corresponding Inverse assets, etc.
You can synthesize and trade various valuable assets and financial products through over-collateralized OGX, including but not limited to digital currencies (BTC, ETH), bulk commodities (gold, crude oil), equity tokens, funds, binary options, etc priced assets and their reverse short assets
OBTC, OETH and other O-type assets represent BTC and ETH spot mapped to regular assets in the Organix system, and their prices are always consistent with BTC and ETH spot; IBTC, Class I assets such as IBTC and IETH represent the reverse assets of BTC and ETH spot mapped to the Organix system, Its price is opposite to the price trend of BTC and ETH spot prices
OBTC pricing is to capture the BTC spot prices of several mainstream exchanges at the same time through the oracle. The price of OBTC and the price of BTC spot are always consistent. The initial price of IBTC when Organix was launched was the same as that of OBTC, and it moved in the opposite direction with subsequent price changes. For example, the initial prices of OBTC and IBTC are both 110,000 yuan, and when OBTC rises to 120,000 yuan, the price of IBTC drops to 100,000 yuan. Conversely, when OBTC drops to 100,000 yuan, IBTC rises to 120,000 yuan. The maximum and minimum prices of inverse assets cannot exceed twice the initial price in the current system settings. Assuming that the initial price of IBTC is 110,000 yuan, that is, its maximum price cannot be higher than 220,000 yuan, If the highest price is triggered, it cannot continue to rise, its lowest price cannot be lower than 55,000 yuan, and it cannot continue to dump if the lowest price is triggered.
Synthetic assets can be traded into spot through third-party platforms (such as DFS, Defibox, Newdex, Dolphin, etc.), and then traded for cash. OTC will be opened in the later period to gradually increase the tokens that can be directly traded for cash, such as OUSD, OBTC, OETH, etc.
A direct trading pair can be generated between any two tokens. The current handling fee is 0.3% of the single transaction amount. After the DAO operation is adopted later, the OGX holders can initiate a proposal and vote for adjustmen
The user experience is smoother. Organix leverages the powerful performance of EOSIO enabled the short transaction confirmation time;
The threshold is lower, and users don’t need to worry about resources such as GAS, RAM, CPU, etc., and the Organix team will pay for it, allowing DeFi to be accepted by the mass
Organix's unique invitation mechanism can attract more users to participate in the tradings, allowing synthetic assets to release greater value
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