What are the risks associated with transferring Osmosis (OSMO)?

Risks include price volatility, the need to verify contract addresses and networks before transfers, and the importance of secure private-key management.

How can I verify the acquisition of Osmosis (OSMO)?

To verify acquisition, ensure you check the asset name, network, and contract details before transferring, and confirm the destination address.

Where can I find official resources for Osmosis?

Official resources for Osmosis include its website at https://osmosis.zone/ and its technical documentation at https://docs.osmosis.zone/.

Osmosis (OSMO)

Rank #559

Market snapshot

Price: $0.031139
Market cap: $24.5M
24h volume: $2.5M
Circulating supply: 785,279,139.2797
Total supply: 974,981,901.7422
Max supply: 1,000,000,000

What is Osmosis?

Osmosis is a decentralized exchange (DEX) platform built on the Cosmos network, enabling users to create and manage liquidity pools. It allows for seamless trading of tokens while providing users with the ability to earn rewards through liquidity provision. The platform operates on a unique automated market maker (AMM) model, which allows users to trade assets directly from their wallets without the need for intermediaries.

Key information

Symbol: OSMO
CMC rank: #559
Network / platforms: Osmosis
Categories: N/A
Date added: Sep 30, 2021

Contract address

Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.

Osmosis
uosmo

Official resources

Risks

Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.

Transfer and custody notes

Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.

FAQ

What is Osmosis (OSMO)?: Osmosis (OSMO) is a cryptocurrency associated with the Osmosis network, which focuses on decentralized finance (DeFi) applications and liquidity pools.
What are the risks associated with transferring Osmosis (OSMO)?: Risks include price volatility, the need to verify contract addresses and networks before transfers, and the importance of secure private-key management.
How can I verify the acquisition of Osmosis (OSMO)?: To verify acquisition, ensure you check the asset name, network, and contract details before transferring, and confirm the destination address.
Where can I find official resources for Osmosis?: Official resources for Osmosis include its website at https://osmosis.zone/ and its technical documentation at https://docs.osmosis.zone/.

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