What is Occam.Fi (OCC)?
Occam Finance is part of a budding suite of crypto tools designed to provide solutions for the Cardano blockchain. It is primarily a platform used to raise capital through initial DEX offerings. The project is designed to be an all-in-one Cardano DeFi ecosystem that gives its users the benefit of transparency and decentralization, and, at the same time, maintains compliance with existing regulations.
The ecosystem is split into three main components: the OccamRazer, the OccamX, and the OccamDao.
The OccamRazer is an IDO platform used to raise funds for startup applications within the Cardano blockchain. It has a tier system that allows users to access IDOs depending on their investment tiers. The OccamX is an Automated Market Maker (AMM) built on the Cardano blockchain while the OccamDao is the decentralized autonomous organization (DAO) that allows holders to vote on the direction of the platform's development.
The OCC token is the utility and governance token of the system. This token was launched as an ERC-20 token in the early stages, but after the release of the Ethereum-Cardano bridge, it acts as a liquidity tunnel between the blockchains. On the live Occam.Fi price chart above, you can see the latest OCC price.
Use Cases of OCC Tokens
The OCC coin is required in all activities within the ecosystem. To participate in IDOs, you need to have a minimum of 150 OCC crypto tokens in your wallet. It is also a must-have, if you want to take part in the governance decisions of the platform.
Moreover, OCC tokens grant access to premium liquidity pools and staking opportunities.
Also, holders of OCC tokens are eligible for exclusive airdrops from projects closing their IDO funding rounds on the platform.
As the platform grows, more unique use cases are expected for the OCC token. With these utilities, Occam.Fi price and demand are expected to increase. Furthermore, as more IDOs happen on the platform, demand for the OCC token will increase and in turn, OCC price will be affected positively as well.
Who Founded Occam.Fi?
The Occam.Fi project was founded by a team working from Zug in Switzerland. Mike Berger, a veteran crypto marketer serves as the president of the Occam association. Before Occam, he founded Scalable Solutions.
Some team members of the platform are winners in local and national mathematics and computer science competitions. The team also has Paul Rieger, who serves as a high-ranking association member. Paul is a member of the board of RIAT, a research institute for blockchain development. He is the co-founder of Hyfe, an advanced cough classifier powered by artificial intelligence.
OCC Tokenomics
The maximum supply of OCC tokens is 100 million. Out of this number, 12% has been allocated to the OccamDAO investment pool. 10% was reserved for the seed round, while 18% was reserved for the team. Token liquidity has 7% allocated, while liquidity mining has 27%. Moreover, 8% goes to the community and marketing incentives, while 5% were reserved for referral bonuses. Both the seed and the first private sale rounds received 10% of the supply each.
