A decentralized futures trading platform, OXFUN, has taken a significant step in the industry by securing a $4 million investment in its latest funding round. Spearheaded by Zhu Su’s 3AC, this venture stands out with a round led by Foresight Ventures. This new capital infusion is focused on critical areas such as product development, team expansion, and market access, representing a step towards OXFUN’s goal of reshaping the world of crypto trading.
Strengthening the Platform Further
This funding round, led by Foresight Ventures and featuring key participants like DoublePeak Group, Emchain, and Genblock Capital, marks a significant turning point for OXFUN. The new capital will enable further development of the platform, expansion of the talent pool, and entry into new markets. With these steps, OXFUN aims to enhance its mission of making crypto trading more enjoyable and profitable, thereby attracting more investors to the platform.
OXFUN’s unique trading experience could help the platform stand out in the crypto world. Investors can earn through two different token models, OX and MILK. This model works successfully with the OX Coin (OX), which supports the platform’s ecosystem. Investors encounter opportunities such as completing daily trading tasks with a 200% annual interest return or participating in leadership competitions while accumulating OX through various methods.
Platform Could Contribute to OX’s Growth
The platform has successfully collected deposits over 1.5 billion OX and facilitated a trading volume of over 20 billion OX. In the future, the introduction of copy trading vaults and passive earning opportunities is expected to accelerate OXFUN’s growth. These developments could indicate OXFUN’s potential to create a significant impact in the world of crypto trading.
With a solid $4 million in funding and the development of its products, OXFUN seems poised to compete among decentralized trading platforms. The use of the funds for platform development and the employment of quality workforce is crucial for the project’s sustainability in the future.
Looking at the price of the platform’s token, OX coin, we see that the cryptocurrency is trading at $0.0119. OX coin currently has a market value of $109 million.
