What is Ovato?

Ovato is a decentralized financial project aimed at promoting the mass adoption of its utility coin, OVATO. The initiative focuses on creating a user-friendly and incentivized economy, utilizing blockchain technology to offer a secure and efficient alternative to traditional financial systems.

The primary function of Ovato is to facilitate value exchange in a non-custodial and decentralized manner. The project seeks to address inefficiencies and high costs associated with conventional banking, particularly by providing lower transaction fees for merchants compared to traditional systems, where fees can range from 9% to 18%.