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Decentralized futures platform OXFUN has taken a significant step in the industry by securing a $4 million investment in its latest financing round. The venture, initiated under the leadership of Zhu Su’s 3AC, is notable for the round led by Foresight Ventures. This new capital flow signifies a step towards OXFUN’s goal of reshaping the world of crypto trading by focusing on critical areas such as product development, team expansion, and market access.
Platform to Be Further Strengthened
This financing round, led by Foresight Ventures and featuring key participants such as DoublePeak Group, Emchain, and Genblock Capital, is recorded as a significant milestone 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 make the platform stand out in the crypto world. Investors can earn through two different token models, OX and MILK. This model is successfully working 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 gathered deposits over 1.5 billion OX while generating a trading volume of over 20 billion OX. In the future, with the introduction of copy trading vaults and passive earning opportunities, OXFUN’s growth is expected to accelerate further. These developments could indicate OXFUN’s potential to make a significant impact in the world of crypto trading.
With a solid $4 million funding and product development, OXFUN seems poised to compete among decentralized trading platforms. The use of the funds for platform development and quality workforce employment is important 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.
