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Utility

The utility of the OIN token

The OIN Token is OINDAO's native token. It will serve several functions within the OINDAO ecosystem:
  1. 1.
    OIN will act as a governance token for the different stablecoins and the settings of their respective parameters e.g., Minimum Collateralization Ratio, interest rate, token distribution The protocol is still currently in development. The OINDAO development team expects that a full DAO-governance will be implemented in July 2022, though the final date is still subject to changes.
  2. 2.
    The OIN token will be used to pay the interest rates for loans issued on all partnering blockchains. OIN is a deflationary token. The paid OIN tokens will be sent to a burn address, permanently removed from circulation.
Last modified 2mo ago
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