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What is OOE

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1. What is OOE?

OOE (OpenOcean) is a cryptocurrency primarily used for transactions and payments on the OpenOcean platform. Below is an introduction to OOE, without any price information:

  • OpenOcean Platform: OpenOcean is a decentralised trading aggregator aimed at providing users with optimal trading prices and liquidity. It helps users trade at the best prices by aggregating liquidity from multiple exchanges.
  • Functionality: OOE is mainly used on the OpenOcean platform for paying transaction fees, participating in community governance, and more.
  • Technical Foundation: OpenOcean is based on blockchain technology, using smart contracts to ensure the security and transparency of transactions.
  • Community: The OpenOcean community is an important part of the project, where users can participate in community governance by holding OOE, thereby influencing the direction of the project's development.

In summary, OOE is the core cryptocurrency of the OpenOcean platform, facilitating transactions and community governance.

2. Who founded OOE?

According to the provided information, the founder of OpenOcean (OOE) is not clearly mentioned in the search results. However, OpenOcean is a cryptocurrency whose price and trading information can be found on platforms like CoinGecko and Coinbase. If you need specific information about the founder of OpenOcean, further searches or visits to OpenOcean's official website or related documentation may be required.

3. Which venture capitalists invested in OOE?

Based on the provided information, here are the mentioned cryptocurrency projects and their investors:

  1. Axie Infinity:

  2. May 2021: Led by Libertus Capital with participation from Blocktower Capital, Konvoy Ventures, Derek Schloss of Collab Currency, Stephen McKeon, and Dallas Mavericks owner Mark Cuban, raising a total of $7.5 million.

  3. April 2022: Funding amount significantly increased to $150 million, specific investors not mentioned in this text.

  4. OpenSea:

  5. 2018: Completed a $2 million seed round of funding.

  6. 2019: Completed a $2.1 million strategic round of funding.

  7. March 2021: $23 million Series A funding led by a16z with numerous angel investors including the Cultural Leadership Fund, Ron Conway, Mark Cuban, Tim Ferriss, Belinda Johnson, Naval Ravikant, and Ben Silberman.

  8. July 2021: $100 million Series B funding led by a16z with a post-money valuation of $1.5 billion.

  9. EOS:

  10. 2018: Raised $185 million just 5 days before its ICO, specific investors not mentioned in this text.

  11. BAYC:

  12. No specific funding information for BAYC is provided, only its influence in the NFT space is mentioned.

This information is mainly sourced from the article.

4. How does OOE work?

Cryptocurrency is a type of digital currency that uses cryptographic techniques to secure transactions and control the creation of new units. It is based on blockchain technology, which is a decentralised ledger that records all transactions on the network. Below are the basic operating principles of cryptocurrency:

  1. Blockchain Technology: Cryptocurrencies use blockchain technology to record all transactions. The blockchain is a distributed public ledger maintained by a network of computers rather than a central authority.

  2. Decentralisation: Cryptocurrencies are decentralised and not controlled by any central authority or government. Transactions are peer-to-peer and anonymous, allowing for greater privacy and security.

  3. Cryptographic Techniques: Cryptocurrencies use cryptographic methods to ensure transaction security and to prevent fraud and hacking attacks.

  4. Mining: Units of cryptocurrency are created through a process called mining, which involves using computer power to solve complex mathematical problems to produce coins.

  5. Transactions: Cryptocurrency transactions are conducted over the blockchain. Each transaction is recorded on the blockchain and is transparent and visible.

  6. Wallets: Cryptocurrencies are stored in digital wallets, which users can utilize to send and receive cryptocurrencies.

In conclusion, cryptocurrencies operate through blockchain technology, decentralisation, cryptographic techniques, mining, and digital wallets, providing a secure, transparent, and decentralised digital payment system.

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