A Brand New Gateway to DeFi Product and Upcoming Product Launches
Hello OIN Community,
It’s only been a few weeks since our Public Sale, and we’ve already had good news to report, listing OIN on a number of high-profile exchanges including BitMax, Gate.io, and Uniswap.
With things progressing at a rapid pace, there are some changes to our roadmap and product release schedule.
Today, we have some great news we are excited to share: the beta release of our first product, OINDAO, on Sunday, September 27th, 2020. Our roadmap will also be adjusted accordingly.
OINDAO
Now we want to talk about something a bit more substantial, and the launch of the new version of our product which will help us to fulfill our mission of becoming “the gateway to defi”. After all, the core mission of OIN is to onboard as many projects as possible to the world of decentralized finance.
To make that vision a reality, OIN will be launching OINDAO, a service which will allow projects to leverage their existing ERC-20 utility tokens to create their own, unique project specific stablecoins. This will give an additional use case to their existing utility tokens, and open up their project to the many great benefits of participation in defi.
The beta version of OINDAO that will be released on Sunday allows OIN to be staked for only one type of stablecoin, the USDO1. The full public version will include the function to create any ERC20 assets, and their corresponding stablecoins.
It’s no secret that the defi market is booming. The total volume locked in the sector now sits at $9.1 billion. Despite that, defi still only makes up a tiny fraction of the overall crypto community, remaining a niche sector that not all crypto enthusiasts and investors have delved into. For proof positive, just look at the money: the top 100 defi coins currently have a market capitalization of $14.6 billion, compared to $353 billion for cryptocurrency as a whole. That equals around 4% market share for defi.
At present we see a gap in the market where the great bulk of existing blockchain projects and the defi sector are separated from each other. OIN Finance will provide a gateway for the wider crypto community, at both a project and community level, which will allow them to open the door and step inside. We are sure that you, our loyal community, will be with us when we take on this huge potential in our ambitions.
Given the speed at which the defi market is moving, we believe that time is of the essence in bringing OINDAO to market and capitalizing on this wonderful opportunity for OIN. For that reason, OINDAO is being made our first priority in the development pipeline. This will allow OIN to preserve our early mover advantage and fulfill our promise of becoming “the gateway to defi”.
This week, we will have more details to you regarding the OINDAO and its capabilities. We will also be updating our roadmap to go along with the new product release schedule and updated website, along with some more great news coming your way.
As always, we thank the community from the bottom of our hearts.
Many thanks,
The OIN Finance Team
About OIN Finance
OIN will be the first DeFi platform to provide liquidity mining through their Decentralized Exchange, and a loan platform starting with the Ontology platform, and ultimately expand to other top platforms through cross-chain functionality. OIN will build the bridge technology to seamlessly integrate Ethereum to start into its ecosystem, opening up to all of the current DeFi space. The dedication to this end is reflected in a three-pronged mission: become the gateway into DeFi, promote the DeFi industry, and grow the DeFi Space to maturity.
To keep updated on their progress, follow OIN Finance at:
Homepage: https://oin.finance
Medium: https://medium.com/oin-finance
Twitter: https://twitter.com/FinanceOin
Telegram: https://t.me/OIN_Finance_Eng
GitHub: https://github.com/timingex/oin
E-mail: team@oin.finance
