Hoo will provide Organix with technology, community, market from DeFi Development Fund as Multi-dimensional support. And Hoo will unite Organix to provide staking service with the issue of synthetic assets.
Introduction to Organix
Organix is a decentralized synthetic asset issuance and trading protocol based on EOS, which can mint synths like fiat currencies, commodities, cryptocurrencies, inverse cryptocurrencies, and cryptocurrency indexes through staking OGX as the collateral.
OGX is the basic token on Organix protocol, which can be used as collateral to mint OUSD. OUSD is the stable coin in the whole system, the system always values 1 OUSD at 1 USD. Assets can be exchanged with OUSD on the synthetic exchange of the Organix system through prices supplied by an oracle, included but not limited to fiat currencies, commodities, cryptocurrencies, and their inverse assets.