About Option Token
Market Stats
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Volume (7D)
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Overall Price Change (1Y)
Additional info about Option Token
Recent trends
Market details
OT vs markets
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OT vs BTC
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OT vs ETH
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Tags
Network & Addresses
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Price history
Time | Price | Change |
|---|---|---|
Today | $0.00 | NaN% |
1 Day | $0.00 | 0.00% |
1 Week | $0.00 | 0.00% |
1 Month | $0.00 | 0.00% |
1 Year | $0.00 | 0.00% |
FAQ
Option token (OT) is an ERC20 digital asset released by AOFEX, a universal service platform for digital assets with security in order to constantly grow and improve its ecosystem. AOFEX is a trading and exchange platform for cryptocurrencies, and the Option token seeks to provide application-based utility for all the platform products, rights, and interests. In addition, the AOFEX platform aims to provide OT holders the opportunity to engage in activities and receive rewards. OT seeks to be the core of the whole AOFEX ecosystem, significantly boosting the advantages of OT holders.
According to the platform’s documents, the OT token aims to offer use cases such as deduction of fees, receiving airdrop rewards, preferential purchase of exclusive items, bonus rebates, and more. Further, with a particular quantity of OT, users of AOFEX receive unique customer service. The platform states that OT has been AOFEX’s major trading zone and trade token in comparison to other platform tokens. The OT trading zone is open for exchange transactions with other tokens, as well as OT funding for derivative options, allowing users to benefit from better yields and increasing OT circulation.
Furthermore, the platform seeks to develop a deflation system and adopt the method of burning before output. In this method, the quantity of burning equals the amount of output in order to improve the ecological value of OT. By definition, burning tokens or cryptocurrencies is the process of sending a token to an address that can only accept them. This process essentially eliminates the tokens from the available supply, reducing their quantity in circulation.
The platform further states that every month, the AOFEX exchange allocates 20 percent of its proceeds from transaction fees on buying back OT from secondary markets and burning it. The act of buying back is a type of acquisition of the tokens at market price by the organization itself. Thus, the total quantity of OT is reduced via buyback and listing, which seeks to improve scarcity, provides consistent requirements, accelerates the burning schedule, and builds a complete token economic system.
The Option Token was released by the AOFEX exchange. Robin Tenson is the founder and CEO of AOFEX, which was founded in 2018 in the United Kingdom.
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Social stats
Popularity in posts
#3981
Contributors
8
Posts
8
% About Option Token
0.003%
Hold times
0 days
X (Twitter)
38.84% bullish
Sentiment
5.0 ★
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Highlights
8 unique individuals are talking about Option Token and it is ranked #3,981 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Option Token has an average sentiment score of 100 out of 5. Finally, Option Token is becoming less newsworthy, with 0 news articles published about Option Token.
On Twitter, people are mostly neutral about Option Token. There were 38.84% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about Option Token. 61.16% of tweets were neutral about Option Token. These sentiments are based on 5 tweets.
On Reddit, Option Token was mentioned in 0 Reddit posts and there were 0 comments about Option Token. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.