Defi platform Oin Finance secured $1M in Funding round led by Blockwater VC

OIN Finance, a Virgin Islands-based Defi company, building a liquidity pool of lending platforms on the Blockchain, has now secured a $1 million in private sale round.

OIN Finance is founded by Renard Zhang. It will be the first Defi platform to provide liquidity mining via their Decentralised Exchange, and a loan platform starting with the Ontology platform, and further expand to other top platforms via cross-chain functionality.

OIN will build the bridge technology to integrate Ethereum to start into its ecosystem, opening up to all of the current DeFi space.

Renard Zhang, the CEO of OIN Finance, said, "In continuation of OIN’s successful seed and private rounds, OIN will be offering a public round set for August 26th, 2020. Participation in the public round will be determined by a lottery draw to provide the fairest way for our community, as the interest in the project greatly outweighed what our funding plans allowed for. The public round will soon be followed by listing on a Decentralized Exchange, or DEX, and a listing on a centralized exchanged at a later date."

The round was backed by blockchain investors such as Blockwater VC, Alameda Research, FBG Capital, Ruby Capital, Waterdrip Capital, Signum Capital, FTX, and GBIC.

With the help of the latest funding, OIN Finance intends to build cross-chain Liquidity Pool & Decentralized Exchange, or DEX. OIN will be offering a public sale on August 26th, 2020. Further follows a listing on a Decentralized Exchange, or DEX, and a listing on a centralized exchanged at a later date, notes the announcement.

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