OIN Finance’s New Look & Quiz Submissions Now Live!
With a fresh new look, here’s a quick recap on who we are, our rebrand, and our 7,000 OIN quiz contest!
(Quiz details are outlined at the end of the article)
As a stablecoin minting platform, we wish to bring you the best in DeFi and its promises of growing the crypto space into maturity. Through the OINDAO, users can collateralize (similar to staking/pledging) their assets to create the listed stablecoins that are branded and created on their corresponding blockchains. This process also allows users to leverage their assets (collateralized assets create usable stablecoins) through our smart contracts, and as a bonus we also provide LP staking for further rewards.
As for the OIN token itself, we have 100 million OIN tokens as our total supply (maximum supply), the current circulating supply can be used as collateral at a target collateralization of 700% to ensure the integrity of our stablecoin, the USDO1.
Rebrand
Through the rebrand, we’ve focused on several images along with our space theme we wanted to convey, each corresponding to an important aspect of the OIN Finance platform.
- The large public chains we’ll have on OINDAO are constellations, with their component stars as individual DApps and use cases.
- OIN is a galactic core of DeFi functionality that reaches out into different constellations, our partners
- The OINDAO is a place where you can reach into its component pieces with the products of the OINDAO
Our logo also conveys a strong focus on the identity and security of our partner’s listed stablecoins, with a friendly, young and energetic smiley face to represent the team.
OIN Finance and Our New Strategy
All this has been to accompany our new heading, as outlined in our previous article. Simply put, we’re focusing on large public chains and their layer-1 solution to drive adoption and use cases. We expect great growth of the OINDAO platform, driving up the TVL as well as the velocity of our stablecoins (the number of transactions, usage).
We’re currently in the stages of replicating our smart contracts on different layer-1 solutions, and are excited to bring you some great stablecoins in the near future.
Quiz Giveaway Contest
LINK: https://forms.gle/tmN1zVKFqBE9UwWG7
With a new look comes a new identity. We wanted to provide the necessary information for our community to truly understand who we are, and to reward those who have been taking a keen interest in our progress!
Prize Pool — 7,000 OIN
1st Place — 300 OIN
2nd & 3rd Place — 150 OIN
All other winners (430 entrants) will receive 15 OIN
Prerequisites
- Join OIN Finance Telegram group https://t.me/OIN_Finance_Eng
- Follow OIN Finance on Twitter: https://twitter.com/FinanceOin
- Like and Retweet the OIN Rebranding Quiz event post on your social media
- Make sure you answer all OIN Rebranding questions correctly
Our quiz will run from the publishing of this article to the 20th 11:59pm UTC.
We thank everyone who has been with us until now, and we look forward to having you with us for our next steps!
Come join us at our Telegram group if you have any questions!
ABOUT OIN FINANCE
OIN is a decentralized stablecoin issuance and trading platform. While MakerDao allows only mainstream assets to be used as collateral to issue DAI, OINDAO allows projects, large or small, to issue their own brand labelled synthetic assets that are collateralized by their own coins; in essence, any projects can mint their own stablecoins to participate in the greater DeFi ecosystem. Having commenced with Ethereum, and gradually expanding to other popular ecosystems such as Elrond, Polkadot, Avalanche, and most recently Binance Smart Chain, OIN’s aim is to become a one-stop shop for cross-chain stablecoin issuance, trading, and implementation.
For all the recent updates and progress, connect with OIN Finance and become a part of our community at:
