OAX Foundation signs MoU with IJS Technologies

30 June 2021, HONG KONG — OAX Foundation and IJS Technologies announced today the signing of a Memorandum of Understanding (“MOU”) for the promotion and cooperation of DeFi adoption, community education, and technology advancement.

IJS received a grant from OAX in December 2020 for continual code development that the IJS team had been working on for a DeFi token swapping platform. The code that was developed with support from this grant is now the underlying technology that the decentralized trading hub OpenSwap operates on.

“Nearly a year ago, IJS approached us with their token swap proposal. Their belief that this platform needed to be adaptable and malleable to adjust to the ongoing changes and challenges in the industry, plus their perspective of how to address key issues within existing platforms resonated deeply with the OAX team. Our intention is to maintain this ongoing discourse and collaborative nature between the teams through the MoU, and we look forward to a productive and idea nurturing relationship,” said Amanda Liu, General Manager of OAX.

The MOU between OAX and IJS continues this relationship between the two organizations and is a signal of ongoing cooperation and the dedication of the teams to work together and promote the adoption and usability of digital assets in a growing DeFi landscape.

“As technical providers, the dynamic and open-source nature of the DeFi market offers unlimited opportunities for innovation and growth. The code that we initially shared with OAX has changed drastically from the code that currently exists as a platform for OpenSwap, and it will continue to evolve. In order to remain competitive, the direction and execution must continue to develop and adapt to the market changes.” said Tony Tam, CEO and Co-founder of IJS Technologies.

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BitcoinTalk: www.bitcointalk.org/index.php?topic=1943946

Reddit: www.reddit.com/r/OpenANX/

Telegram English: http://bit.ly/OAXTGEn



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OAX is a new, decentralized, digital asset ecosystem initiative run by the “The OAX Foundation Limited”. Go to http://www.oax.org to learn more.