According to TechFlow, OPNX, a crypto claims and trading platform founded by Zhu Su, the founder of Three Arrows Capital, and others, launched the governance token OX and the governance platform The Herd.

Users can pledge free transactions and make the total amount of OX they hold equal to or greater than their total OPNX transaction amount, and they can get 100% of the transaction fee refund. Pledgers who exceed the free transaction amount will receive 50% of the transaction fee refund on the remaining part, and all transaction fee refunds will be paid to the currency holders in the form of OX.

Initially, holders can trade for free at 12 times the current staked OX value, which will decrease by 1 every month until it returns to 1. In addition, the maximum total supply of OX is 9.86 billion, and the fee reduction for tokenizing bankruptcy claims and other RWAs is up to 80%. FLEX holders can now convert their FLEX to OX in two ways.