What is OTO Protocol?
OTO Protocol is the next generation of Decentralized Finance Applications released on the Avalanche network that is conceived to earn passive returns in the easiest and most sustainable way. OTO Protocol is an incubated project by NODAC Labs.
The token model behind is an experimental approach to an "Automated Circular Economy" concept, consisting of an automatic staking and automatic compounding feature just by holding the token plus a fixed APY that is sustainable over time and backed by a reserve of funds.
$OTO token is powered by rebases, that reward holder with a 0.02355% interest every 15min. This means an annual compound interest of 382,945.41%. This APY is fixed and it is secured thanks to the 14% and 16% taxes with buys and sells respectively.
Other protocols allow bonds that passively dilute your position and pass it on to bondholders (thereby reducing your market share). OTO Protocol gets its income from taxes, not bonds, and when someone buys or sells, investors benefit. There is no passive dilution to mint new tokens through binding.
The goal for the $OTO token is simple, to build a Reserve Currency Protocol that will still exist in the years to come and become the base for a future ecosystem that offers a range of decentralized finance products and services, all built from a strong foundation of consistent high APY rewards.
The tokenomics of $OTO are meant to ensure the project's sustainability in perpetuity. The rewards received by $OTO holders come from a fee charged to every user each time $OTO is transacted, either through a buy or sell. This amount is accrued to our OTO Vault and designed to support the rebase rewards in $OTO going forward algorithmically.
The competitive advantages of OTO Protocol are its unique mechanics like automatic liquidity injection every 48 hours, the composability, that allow users to farm with $OTO and use it as collateral while still receiving rebases. Also, in security standards, the team will undergo KYC with a third-party provider and locked liquidity 12 months.