
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.
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