OctaDahlia, a Multichain Protocol Geared on Wealth and Power Equity, Launched as the Second UpOnly Token By BTC Peers

0
23
OctaDahlia, a Multichain Protocol Geared on Wealth and Power Equity, Launched as the Second UpOnly Token

OctaDahlia, a v2 compatible project tackling the misappropriation of wealth and power distribution, launched on October 9 as the second UpOnly token.

The multichain platform on , the Binance Smart Chain (BSC), and Polygon plan to resolve pressing challenges on wealth distribution using the UpOnly market mechanism. For equity, the mechanism proposes a system free from the initial pre-economic assumptions, ensuring that profits are distributed to all participants within its ecosystem in real-time.

The creators of OctaDahlia recognize that money is broken. There has been a disproportionate wealth distribution leading to concentration in the hands of a few. The skew resulting from this grows the recipient’s power, a disparity that can create problems in the long haul. While this is a challenge that needs to be immediately addressed, OctaDahlia developers note that the problem is cyclic and self-replicating. Once a certain threshold of accumulation is surpassed, their power and wealth will continue expanding via “undue influence and increasingly privileged access to wealth generation opportunities.”

Although is an example of how money can be democratically distributed to the people through a self-perpetuating system maintained by the community, its success has discouraged new players’ entry. The problem with Bitcoin’s success has been the evolution that has discouraged the attitude of abundance and sharing. Early adopters, who accumulated millions of individual coins, it has been observed, have shifted to maintaining the status quo. This diverges from the original objective of the platform’s creator Satoshi Nakamoto for disrupting and overhauling the traditional financial system for fairness and drive up financial inclusion.

Subsequent chains like Ethereum have promoted participation, and emerging technologies like DeFi have seen the rise of novel innovations. Even though most of them appear ambitious and labyrinthine, Uniswap, OctaDahlia creators note, is open source and community-driven.

The UpOnly market mechanism combines existing frameworks but within a fair system for equity in distributing rewards equally and in real-time. However, to sustain prices, the mechanism has introduced a price floor for assets and a burning mechanism dictated by market activity. The latter ensures digital assets don’t fall below the price floor, which also, in turn, creates a transfer fee in the form of a burn that’s charged upon every transaction. This fee is directly distributed to all users through the equal price increase of all tokens.

Using UpOnly, token pricing is based on a dynamic current liquidity value and circulating supply ratio. This ratio makes the UpOnly mechanism’s risk more definable and direct. It distributes gains from new users’ traders to existing token holders.

According to developers, the UpOnly mechanism transforms the base structure of a trade by fixing risk (maximum trade loss) at two burn fees fluctuating depending on trading volumes. With the UpOnly mechanism, there is a transformation of price floors and the notion of trading risks. These features eliminate volatility and help to evenly redistribute the benefit of all transactions, tacitly overriding Uniswap pricing systems for even more fairness.

OctaDahlia is the second token using the UpOnly mechanism. It is compliant with Uniswap v2 and similar systems like PancakeSwap in the BSC and AnySwap on Polygon. The platform developers plan to add new markets and pairs going forward. Besides, OctaDahlia also intends to launch Market Generation Events (MGEs), which shall be open to private and public users depending on existing market conditions.

About OctaDahlia

The project is developed by the creators of RootKit, OctaLily, upBNB, upTether, and Unifund, whose team is focused on expanding the ERC-31337 standard and other ways to interact with price floors.

Continue reading on BTC Peers

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.