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:
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Provide liquidity in Osmosis Pool to receive Rewards.
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Staking in Osmosis to receive Rewards.
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Propose and vote for system changes.
See details: What is Osmosis? Detailed information about OSMO Token
Translations
Vietnamese: Osmosis và osmo token là gì?