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What is OAX coin and how does it work?

by Financial Economy

OAX aims to improve the digital asset ecosystem by increasing efficiency, transparency and promoting high governance standards. It is a decentralized digital asset (cryptocurrency) exchange platform that combines the benefits of the current centralized exchange model with all the benefits of a decentralized system. Information about some topics that what is OAX coin, how does it work, how to buy it, on which exchange, how much is it, etc. is in continuation of the article. You can check out here for informaiton about Chainge (CHNG) coin.

What is OAX coin and how does it work?

OAX is an Ethereum-based token released by OpenANX in July 2017 with an ICO. The name OpenANX was later changed to OAX for short.

The OAX Foundation states that decentralized finance and digital assets will be an integral part of the future of mainstream finance and commerce. The Foundation’s deep-rooted beliefs in the collaborative nature of decentralized finance serve as a basis for engagement to work with key players in this space to explore and advance the potential of technology. There are four main shortcomings identified by the Foundation that need to be addressed: speed, scalability, interoperability and trust.

In addition, the OAX Foundation strives to provide support in the DeFi space through tools, technology, applications and community support.

OAX features!

OAX was born from OpenANX, the open source platform powered by ANX International, one of the world’s largest blockchain developers. The OAX Foundation believes the journey towards digital assets includes DeFi and is working to support its development.

Which exchange is OAX coin on?

OAX coin is listed on some cryptocurrency exchanges such as Binance, Gate.io, CoinDCX, etc.

How to buy OAX coins?

OAX coin can be purchased from listed some cryptocurrency exchanges, like mentioned above. However, before trading, it is necessary to make sure that the exchange and the crypto project are “RELIABLE”. It is so important point for investors.

OAX coin supply!

Total supply of OAX coin is 100.000.000 OAX.

OAX coin price!

As of July 20, 2022, at the time of the writing, 1 OAX coin price is around $0,0513 (because of the volatility on crypto market the price can change instantly).

Caution: The information contained in this content is for general informational purposes only. It is not investment advice.

For information about cryptocurrency: https://en.wikipedia.org/wiki/Cryptocurrency

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