OAX

Halal Rating :
Comfortable
Last Price $0.021 Last updated:
Rank 1799
1D Change 0.25 %
Market Cap $1.61m
Circulating supply 77,034,446
Maximum supply 100,000,000

Crypto Overview

Categories
  • Marketplace
  • Ethereum Ecosystem
  • Substrate
  • Kenetic Capital Portfolio

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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