How to Buy OSMO (OSMO)

While it is impossible to make an accurate OSMO price prediction, there are several factors to monitor if you wish to understand the price action in the OSMO crypto:

Level of Adoption

As more users and developers sign up for Osmosis’s advanced AMM solutions, the resulting uptick in on-chain activity could boost the OSMO price statistics. Adding new blockchains to IBC could also increase the number of liquidity pools and offerings, adding more users and driving up the value of the Osmosis token.

Launch of New Products, Tokens, and Features

As the developers behind the Osmosis protocol introduce new products, list new tokens, or roll out upgrades that improve the overall functionality and bring new features, the platform could turn even more attractive to users. This could increase investor interest in its native token, supporting gains in OSMO price.

Market Outlook

How investors perceive the crypto market and the DeFi sector plays a vital role in determining price trends in the OSMO coin. Positive sentiment towards digital assets and decentralized finance could encourage more investors to buy and hold OSMO, increasing the price of Osmosis crypto. However, a risk-averse sentiment could cause sell-offs that could weaken the price of OSMO token.

$OSMO is the native token of the Osmosis protocol and serves the following functions:

Governance Token

As an OSMO holder, you can enjoy voting rights by staking your holdings on Osmosis. You can participate in the decentralized governance of the protocol and contribute your thoughts on future upgrades, liquidity mining rewards, and swap fees.

Superfluid Staking

The Superfluid Staking feature of Osmosis mints and burns $OSMO tokens as part of the Osmosis network’s Proof of Useful Stake consensus mechanism. Users who stake their crypto assets within the liquidity pools receive a representative share of OSMO crypto that gets delegated to validators. In addition to earning passive income, it also improves the overall security of the Osmosis ecosystem.

Crypto Asset to Trade and HODL

Trade Osmosis coin against other crypto assets and profit from market conditions and volatility changes. You can buy or sell OSMO against other cryptocurrencies or hold it long-term if you believe in the future potential of the Osmosis DeFi protocol. Review the Osmosis price, OSMO market cap, circulating supply, 24-hour trading volume, and the latest crypto news before you trade OSMO.

The max supply of OSMO is set at 1 billion, of which 100 million were released as initial supply at genesis. The developers plan to reduce token issuance by one-third every year - releasing 300 million tokens in the first year, 200 million tokens in the second year, 133 million tokens in the third year, and so on over nine years until the max supply is hit.

The OSMO token distribution is given below:

1. 25% of the OSMO supply is allocated for staking rewards.

2. 25% is locked in developer vesting.

3. 45% is set aside for liquidity mining incentives.

4. 5% of $OSMO has been allotted to the community pool.

Staking OSMO is a convenient way to earn rewards and grow your crypto holdings while improving the Osmosis ecosystem’s overall security. Here’s how you can stake $OSMO:

1. Set up your Keplr wallet by registering for an account. Ensure that your wallet is sufficiently funded with OSMO tokens by buying them on KuCoin or other supported platforms and withdrawing OSMO to your wallet.

2. Launch the Osmosis dApp and connect your Keplr wallet to its interface.

3. Click on the Stake section of the app. This will open a new window that leads you to the Keplr wallet app, where you can stake Osmosis tokens.

4. Review the list of available validators, their voting power, commissions, and APRs. Find the option best suited to you and click on Manage.

5. Click on Delegate and enter the number of OSMO tokens you wish to stake via the validator of your choice.

6. Click on Delegate to confirm the transaction and lock up your $OSMO tokens for 14 days.

7. Sit back, earn rewards, and watch your holdings grow by staking $OSMO.