Hong Kong – Apr 7, 2021 – IJS Technologies are proud and grateful to receive a grant from the OAX Foundation to work on an open-source DeFi project for the community. Established in 2017, OAX Foundation has built one of the most mature DeFi communities with the mission of addressing the four main shortcomings of financial ecosystems: speed, scalability, interoperability, and trust.
Following is a link to the announcement made by the OAX Foundation: OAX Foundation Announces Grant To IJS Technologies
IJS Tech’s proposed open-source DeFi project will build on the momentum of token swaps in 2020 with a focus on addressing issues often faced regarding price slippage, liquidity, and governance. At IJS, they have been the benefactors of various open-source projects and technologies over the years – it is time for IJS to give back by contributing an open-source project built by the community for the community to foster the values of decentralization and transparency. The IJS team are pleased that their efforts have been recognized by the OAX Foundation and the grant will accelerate the development of the ecosystem surrounding the project.
IJS Technologies are nearing the completion of the core smart contracts and look forward to sharing them with the community after the completion of the audit.
About IJS Technologies
Founded in 2017, IJS Technologies is an award-winning blockchain and fintech solutions provider based in Hong Kong. With a commitment to open source and decentralization, IJS strives to make the digital asset and blockchain ecosystem a safer place for everyone. Global organizations choose IJS Technologies to guide them into the age of crypto-commerce.
About OAX Foundation
OAX Foundation set out in 2017 with the conviction that decentralized finance and digital assets would be an integral part of the future of mainstream finance and commerce. The Foundation’s deep-seated beliefs for the collaborative nature of decentralized finance have served as a basis of engagement for working with key players in the space to explore and push the potential of technology.