OIN Finance is a layer2 cross-chain platform, which allows users from any project to participate in DeFi. The platform brings users a very powerful DeFi function, including through various infrastructures Issue stablecoins to blockchain projects. The platform will build a bridge technology that seamlessly integrates Ethereum into its ecosystem and is open to all current DeFi spaces, knowing that cross-chain technology is crucial to the growth of DeFi . There are many investors who want to know what is the price of this OIN coin? Let me introduce to you the issue price and opening price of OIN coin.
Introduction to the issue price and opening price of OIN coin
According to the survey, the issue price of OIN coin is $0.08, the opening price is also $0.08, and the release date is September 4, 2020. OIN Finance is an Ontology-based mining pool exchange platform with decentralized liquidity. All of its main products and services follow the same model as most DeFi projects running on Ethereum: exchange and stabilization, lending.
The ecosystem is running through native applications such as stablecoins USDO, OINDAO, OINLend, OINSwap and OINWallet. Once the platform implements the bridging technology, the above applications can start working across chains.
One of the very interesting models based on the Ethereum template is the Swap platform. It gives users the opportunity to build their own decentralized exchange (DEX) in an extremely convenient way. Users will be able to stake their assets in the system, contributing to the liquidity of the network.
Similar to DeFi platforms, it offers the opportunity to monetize services like OINLend. Users will be able to borrow or lend assets to earn interest or utilize their own funds.
The main purpose behind this group is to foster a strong Ontology community. Adoption is much easier if some goals are achieved, such as increasing gas costs, avoiding network congestion issues.
How about OIN?
OIN is a decentralized stablecoin issuance and trading platform. Different from MakerDao’s mechanism of using mainstream assets as collateral to issue a single stablecoin Dai, OIN is committed to issuing its own synthetic stablecoins for different project parties. Personalized stablecoins can enable projects to quickly join the Defi ecosystem, such as for payment within the ecosystem, exchange with mainstream stablecoins, and leveraged transactions. The OIN platform was initially based on Ethereum, and will gradually expand to popular public chains such as Polkadot, Avalanche, Near, etc., and eventually become a cross-chain stablecoin issuance and trading platform.
OIN is described as the first DeFi platform to provide liquidity mining and lending on Ontology, and eventually other top platforms with cross-chain capabilities. The platform will build bridge technology to seamlessly integrate Ethereum into its ecosystem, open to all current DeFi spaces. Cross-chain technology is critical to DeFi and its growth as a legitimate financial infrastructure, after all traditional finance also integrates the entire world, its currencies and disparate financial systems.
The above content is an introduction to the issue of the issue price of OIN coin. The OIN coin project is led by a team with an extremely strong technical team and rich blockchain experience. Its team strength It is still very powerful. Although the project is a DeFi project and the development team is also very strong, some of the projects are too technical, which is also an important reason why the development foundation of Finance is not strong, but the overall project is still relatively Nice and worth watching.