What is Osmosis and osmo token?

If Ethereum has Uniswap, Binance Smart Chain has Pancakeswap, Cosmos will have Osmosis as a representative.

Osmosis is an AMM DEX (decentralized exchange, following the automated market). Built with Cosmos SDK and operating in the Cosmos ecosystem. This is a fairly new ecosystem and does not have many outstanding projects in the DeFi space.

OSMO token will be applied in the following cases:

  1. Provide liquidity in Osmosis Pool to receive Rewards.

  2. Staking in Osmosis to receive Rewards.

  3. Propose and vote for system changes.

See details: What is Osmosis? Detailed information about OSMO Token


Vietnamese: Osmosis và osmo token là gì?