OX Coin

Project Overview and Purpose

OX Coin is an ERC-20 token launched in early 2024. The project claims to be focused on decentralized exchange (DEX) aggregation and cross-chain bridging solutions.

Utility Assessment

The primary stated utility of OX is to serve as a governance token for the protocol's DEX aggregation platform. Token holders can participate in protocol decisions and receive trading fee discounts. The token also acts as a medium of exchange within the ecosystem.

Current Usage and Development

As a newly launched project, OX is primarily used for trading on decentralized exchanges. While the development team has published a roadmap for implementing DEX aggregation features, these functionalities are still in development.

Token Distribution

The token distribution includes allocations for the team (20%), development fund (15%), community rewards (25%), and public sale (40%). Team tokens are subject to a 2-year vesting period with a 6-month cliff.

Revenue Model

The project's revenue model is based on collecting trading fees from DEX aggregation services, with no interest-bearing mechanisms or lending protocols involved.