OIN Finance Announces Public Sale on August 26
OIN Finance, the first decentralized finance (DeFi) project built on Ontology, is delighted to announce its public sale will occur this Wednesday, August 26th at 8PM Hong Kong Time. The original date of August 21st was delayed due to continuing talks with exchanges, with the goal of completing the framework of MoUs before bringing on the community.
The instructions and tutorial will be published 3 days before the public sale.
The registration page will be live 30 minutes before the public sale.
The tokens will be priced at 0.08 USDT per OIN, with a fixed purchase amount at 7,500 OINs, or 600 USDT.
Due to the widespread global interest in OIN Finance and the huge demand for OIN tokens, it is expected that the token sale will be completed very quickly. It is recommended that those who wish to participate make special note of the exact time at which the sale commences to avoid disappointment.
We further recommend that participants are careful to ensure they buy only genuine OIN tokens. Such is the huge interest surrounding the project that imitation tokens are to be expected.
The ETH address for accepting fund will be reveal if you won the lottery. Our token sale will only take place on our official website, DO NOT trust any other source.
Great Timing
OIN Finance is geared up and ready to become the gateway for DeFi, providing a one stop shop for decentralized finance. The crowdsale announcement comes as the wider sector is truly taking off. At the start of August, the DeFi space passed an incredible milestone as the total value locked in the industry surpassed $4 billion for the first time. Today, just two weeks later, that figure sits at $6.29 billion.
OIN Finance has already secured investment from some of the biggest names in the industry. Winning more than early financing, OIN joins an incredible portfolio of companies financed by the same team which includes MakerDao, Quarkchain, and Cosmos. With its unique value proposition and 360 degree solution, the biggest players in crypto are already betting on OIN Finance to become the next big thing in the blockchain industry.
OIN Finance
The OIN ecosystem will deliver a low fee, high TPS, simple to use interface with cross-chain capabilities. It will be the first and only service bringing DeFi to Ontology. A number of services will be available through the network including OIN-Swap, OIN-Wallet, OIN-DAO, USDO stable coin and OIN-Lend. The first of these to launch will be OIN-SWAP which will rollout in Q3 2020.
OIN products in further detail are:
OIN-Swap — OIN-Swap is the first decentralized exchange (DEX) on Ontology with the capability of trading ONT assets. In V2 of the Swap Pool assets such as ETH will be represented in the Ontology ecosystem as well, bringing even greater usability to the network. For instance, on OIN-Swap, ETH will become OETH. This will allow projects to mirror some of the tokens they issue on Uniswap in OIN-Swap.
OIN-Lend — The OIN-Lend platform will allow for the lending of Ethereum and Ontology coins. With the aid of smart contracts, borrowers and lenders will store their tokens allowing the issuance of USDO. OIN-Lend is designed to be easy-to-use, fast , and relies only on available liquidity.
OIN-Wallet — The OIN-Wallet is based on cross-chain interoperability and will support Ethereum-based projects such as Curve, Balancer, Compound and others as and when required.
OIN-DAO — The OIN-DAO will allow users to collateralize ONT at 300% to provide them with USDO, a stablecoin pegged to the US dollar. The OIN-DAO’s directive will be to issue USDO, backed by Ontology PoS and the liquidity of ONT. The USDO will later be used by the OIN cross-chain function allowing liquidity mining in Ethereum’s DeFi markets.
OIN-Chain — This aspect of OIN Finance is to be launched in its second phase, and will allow cross-chain functionality between Ethereum and Ontology. This will allow much of the hard work to move from the cumbersome Ethereum network over to Ontology, alleviating scalability issues for the overall DeFi space. As a multi-functional adaptor, OIN-Chain will connect more public chains with Ethereum in the future and build a strong ecosystem.
Join Our Sale
Now is a great time for DeFi and a great time to become involved in OIN Finance. The project has set itself lofty goals, but ones which are designed to give the maximum benefit to the space and the OIN Finance Community. We hope you participate in our crowdsale on Aug 26th, and become an OIN community member as we will become the new gateway to DeFi.
To keep updated on our progress, follow us 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
