In a recent financing endeavor, OXFUN, a decentralized futures exchange, successfully obtained a $4 million investment, signaling a significant advancement. The initiative, primarily steered by Zhu Su’s 3AC, secured the lead investment from Foresight Ventures, with the objective to innovate crypto trading. The funds are allocated for product enhancements, team growth, and expanding market reach.
Expansion and Innovation on the Horizon
The financial boost, featuring contributions from DoublePeak Group, Emchain, and Genblock Capital, marks a landmark achievement for OXFUN. The platform’s progress includes recruiting skilled professionals and launching into untapped markets. OXFUN’s commitment to a gratifying and lucrative trading experience aims to draw a larger investor community.
OXFUN’s distinct trading model revolves around two tokens, OX and MILK, which has been gaining traction with the OX Coin (OX) at its core. The ecosystem allows investors to reap benefits by completing daily trades with high annual returns or by engaging in competitive leadership events, all while acquiring OX in a variety of ways.
Growth Prospects for OX Token
Accumulating over 1.5 billion OX in deposits and more than 20 billion OX in trading volume, OXFUN is poised for rapid growth. With plans to introduce copy trading vaults and passive income streams, the platform’s expansion seems inevitable, potentially revolutionizing crypto trading practices.
OXFUN’s strategic application of the $4 million funding towards product innovation and hiring talent bodes well for its future among decentralized trading platforms. This focus on development and human resources is crucial for long-term viability.
The platform’s native cryptocurrency, OX coin, is currently valued at $0.0119 with a market capitalization of $109 million, reflecting investor confidence in the platform’s future.
