OAX
Crypto Overview
Overview
OAX (originally OpenANX) is a decentralized exchange platform and token created by the OAX Foundation. The project aims to develop decentralized trading infrastructure and standards for digital asset exchanges.
Purpose and Utility
The OAX token serves as a utility token within the OAX ecosystem. It was designed to be used for governance, paying platform fees, and accessing services on the OAX decentralized exchange platform.
Business Model Analysis
The business model focuses on creating decentralized trading infrastructure, which inherently involves the exchange of real assets. The platform aims to improve transparency and security in digital asset trading.
Development and Adoption
The project has shown ongoing development activity, particularly in areas of layer 2 scaling solutions and decentralized exchange technology. However, current adoption and usage of the OAX token appears limited compared to its initial goals.
Token Distribution
The token distribution included allocations for the foundation, team members, and public sale participants. While specific current distribution data is limited, there's no evidence of concerning concentration of tokens.
Crypto Impact
To assign a comfort level investing in OAX from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to OAX.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.