SUI is a new and very potential Layer 1 Blockchain for us to explore. Today, let’s learn more about a project being built on SUI about DEX Owlit Finance.
To understand more about Owlit Finance, you can refer to some of the articles below:
- What is Uniswap (UNI)? Uniswap Cryptocurrency Overview
- What is Trader Joe’s (JOE)? Trader Joe’s Cryptocurrency Overview
Owlit Finance Overview
What is Owlit Finance?
Owlit Finance is a decentralized exchange on the SUI Blockchain. With Owlit Finance, users can buy, sell and trade assets on Sui’s ecosystem such as SUI, USDC, USDT,… In addition, users can become LPs on the platform to earn more Incentive and Transaction fees from the platform.
At the same time, the project is also a tool to help users track the wallet addresses they are interested in so they can make accurate investment choices.
Owlit Finance products
First, as a decentralized exchange, Owlitn Finance focuses on building a user-friendly, easy-to-use interface, providing users with intuitive trading charts of each cryptocurrency to help them build Build appropriate investment strategies.
Owlit Finance’s second product is Token Hunting Bot (THB), a project that will help users buy newly listed tokens quickly. When receiving a request from a user, the project will use THB to buy tokens immediately. Within 2 minutes, if the purchase is successful, the project will transfer wallet tokens to the user. In case the purchase cannot be made, the user’s account will be unlocked and will function normally again.
Third, and the final product of the project is Owl School, users stake their OWL tokens to receive interesting rewards. In addition, stakers also receive veOWL, which is used to vote for important proposals. importance of the project.
In addition, the project also provides a set of tools to help users track on-chain transactions of the wallet addresses they are interested in. Users will not have to switch to other projects like Arkham or Nasen but can always use Owlit’s tracking toolset and trade right on the exchange.
Development Roadmap
Quarter 1/2023
Quarter 2/2023
Quarter 3/2023
Core Team
Update…
Investor
On the project’s official website, it is announced that they are cooperating with some big brands in the market such as: Sui Media, Sui Global, Sui Ecosystem, Sui Insights, Suiet, MoveMarketcap and Web3.
Tokenomics
Information about Owlit_Finance token
- Token name: Owlit Finance
- Ticker: OWL
- Blockchain: SUI blockchain
- Total supply: 1,000,000,000
- Maximum supply: 1,000,000,000
- Token Allocation
Token Releases
- Farming: Unlocked for 36 months
- Treasury: Unlock now
- Seed Round: Lock for 6 months, unlock in 24 months (Unlock 5% at TGE)
- Strategic Round: Lock for 6 months, unlock for 24 months (Unlock 10% at TGE)
- ILO: Lock for 3 months, unlock for 3 months
- Team: Locked for 12 months, unlocked in 36 months
- Airdrop: Unlocked on TGE
Exchanges
Update…
Owlit Finance Project Information Channel
- Website: https://owlswap.finance/
- Twitter: https://twitter.com/owlswap_finance
- Discord:
Summary
Owlit Finance is a new project and is focusing on perfecting the product to launch on SUI. It seems like Owlit is moving quite slowly compared to the Road map they set, however, I see that the project has many new and interesting products, meeting a segment of users with different needs. If you are interested in the project, don’t forget to follow me to update the latest news.