OAX coin is the token of the openANX platform, which is a completely open source and transparently regulated trading system. The main task of the openANX platform is to combat the challenges posed by the current centralized exchange model. These challenges are addressed by the platform through the technological development of the Ethereum blockchain. It draws on the advantages of centralized exchanges and enhances the collateral deposit system to provide users with a basis for risk assessment and provide much-needed consumer protection.
What is the future of OAX coin?
The OAX Foundation aims to "explore the future of decentralized exchanges" and address their four major shortcomings: speed, scalability, interoperability and trust.
In this way, the openANX platform will take advantage of technological developments on the Ethereum blockchain (such as payment channels, including Raiden3, 0x, Swap, ERC-204, etc.) and can use these technological developments to cope with the current challenges faced by centralized exchanges. challenges. The Ethereum blockchain will link existing trading platforms that serve as asset gateways to the openANX platform and implement a collateralized deposit system that provides users with a way to measure risk.
Moreover, the platform can also provide an off-chain dispute resolution system to further enhance consumer protection. The openANX token ("OAX") is an ERC20 token that can be used to drive all services in the openANX ecosystem. OAX is a token that can be redeemed for membership in the DAO and its association. Participating members will be entitled to certain rights, including but not limited to voting rights on major operating decisions related to the openANX platform. Note that members do not enjoy any financial rights from the Foundation at any time.
Although the core concept of the project is to fully open the platform, users can only participate in the policy-making process through voting rights. Voting qualifications are derived from the membership of the association, and tokens are the way for users to obtain membership. If a user wishes to obtain voting rights, or become a third-party service provider, including but not limited to the following: KYC, asset clearance or other services, a participating membership is required.
OAX coin investment value analysis
The openANX platform will make use of the technological development of the Ethereum blockchain, such as payment channels, 0x, Swap, ERC204), etc., to deal with the challenges brought by the current centralized trading platform model (CEM). It will draw on the advantages of existing models to improve the operation of decentralized trading platforms by establishing connections between existing trading platforms (asset-agnostic) and infrastructure redundancy, and strengthen the mortgage deposit system to provide users with a basis for risk assessment .
At the same time, it will provide an off-chain, legally binding dispute arbitration mechanism to provide much-needed consumer protection. In addition, by being open source, the project ensures its transparency and allows users and the public to review and participate in it. To become an alternative to a central authority (government or regulatory authority), the only way to ensure transparency is to write transparency into the blockchain.
The openANX platform uses the latest technology and open source code that has been evaluated and applied by peers; it will combine the advantages of the existing CEM model and the best functions and features of the decentralized model, while avoiding the shortcomings of these two systems. .
Ranked 923rd, with a market value of 18.9302 million, a total supply of 100 million, and a circulation of 77.0344 million. Its highest price in history is 2.9173, and its lowest price in history is 0.0166981025942
OAX has broken through the central adjustment position. If it can stabilize between 0.23-0.25, the market outlook can continue to break through new highs.
