Dear Hoo users,
In order to provide users with a better investment environment, Hoo announced the official launch of the DeFi Development Fund on July 2, 2020 to support the Blockchain decentralized financial market of steady development project. (Check it out: https://hoocenter.zendesk.com/hc/en-us/articles/900001620743 )
As an one-stop blockchain asset service platform, Hoo continues to invest in EOS ecology and is enthusiastic about promoting the vigorous development of DeFi concept on EOS public chain. Based on the original intention of the establishment of the DeFi Development Fund, Hoo gladly announced that Organix will be the third project supported by the Fund.
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.
WHAT’S OGX
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.
Supported: TP team
Name: OGX
Total supply: 100,000,000 OGX
Token Allocation:
Team: 25%.
Foundation: 10%.
Private placement: 39%.
TPT swap: 20% (tentative)
Bonus, Market, Airdrop: 6%
*The unlocked tokens can still participate in the collateral minting of synthetic assets, participate in the loan calculation, and receive rewards.
Roadmap:
· Early August: Release the official website, whitepaper
· End of September: Test network startup
· Early November: Launch the main network
Twitter: https://twitter.com/OrganixProtocol
Support platform: Hoo.com、TokenPocket
Hoo Team
August 4, 2020
