OIN and Dash NEXT are partnering to launch a Dash backed stablecoin solution via OIN that improves usability and flexibility in the peer-to-peer and crypto payments space. This announcement is welcoming news for OIN and Dash stakeholders as it showcases new possibilities for all crypto users.
What is OIN?
What does this partnership mean?
“Dash joining our growing list of partners shows exactly how quickly we’re growing and gaining attention from not only the smaller-cap altcoins but also gaining validation from some of the largest players in the industry. We’re excited to see the big guys join in on our value proposition of Stablecoin minting, leveraging, and rewarding, as it’ll also make it easier for the smaller caps to trust our platform and grow with us. We can’t wait to see the growth this partnership brings, and look forward to exploring other ways to integrate with a great ecosystem such as Dash.”
Richie Li, Co-Founder of OIN
“We are excited to explore the possibilities DeFi has to offer for our users. We imagine seamless and payments across different crypto networks. With Dash’s established merchant ecosystem and great user community, we believe the DeFi space can profit greatly from fast and cheap transactions enabled by Dash.”
Felix Mago, Co-Founder of Dash NEXT
Contact Information: For press and media inquiries please contact the Dash press team at [email protected] We look forward to hearing from you.
Communications and Business Relations Manager at Dash
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Dash is digital cash designed to offer financial freedom to everyone. Dash allows millions of individuals across the globe to carry out instantly re-spendable and secure transactions, with near-zero fees. Built to support real-life use cases, Dash is the leading decentralized payment solution: it is accepted at merchants globally, accessible via 1,600+ ATMs and 100+ exchanges worldwide. Dash has pioneered groundbreaking features including a two-tier network with incentivized nodes and decentralized project governance (Masternodes), instantly settled payments (InstantSend), instantly immutable blockchain (ChainLocks) and more. The Dash Network’s development is supported by Dash Core Group, the largest organization funded by the Dash Treasury, which supports and nurtures the continued worldwide development and integration of Dash. For more information, visit https://www.dash.org/ or follow the organization on Twitter @DashPay.
OIN is a cross-chain layer 2 decentralized stable coin issuance platform based on Ethereum for greater DeFi. Different from an existing strategy where whitelisted assets are all staked or leveraged to issue one universal stablecoin, OIN is aiming to build a multi-function stablecoin issuance platform that enables projects to issue their own stablecoin autonomously by collateralizing their native tokens. This will not only allow the projects a direct onramp to a DeFi platform and serve the needs of the investors and projects with staking, leverage, and stablecoin, but also bring them onto the OINDAO platform. The value of OIN token is supported by the voting right to govern the platform and transaction fee sharing.