OAX
Crypto Overview
Project Overview
OAX (formerly OpenANX) was launched in 2017 with the stated goal of developing decentralized exchange technology and promoting digital asset trading. The project aimed to create a transparent and efficient decentralized trading platform that would address limitations in centralized cryptocurrency exchanges.
Intended Utility
The OAX token was designed to serve as a utility token within the OAX ecosystem, primarily for governance and platform fee payments. However, development activity has been minimal in recent years, with little evidence of significant progress toward the original goals.
Current Status
The project appears largely inactive, with minimal recent updates to their technology stack or meaningful partnerships. The token's trading volume is extremely low, suggesting limited real-world adoption or utility. The official website and social media channels show little to no recent activity.
Token Distribution and Governance
Information about current token distribution is limited and outdated. The initial distribution included allocations to the foundation, team members, and early investors, but current holdings are unclear due to lack of transparency. There is no clear evidence of active development or governance participation.
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.