OAX Price
OAX
How Much is 1 OAX (OAX)
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Last Updated on Dec 20, 2025 05:09 PM
What is OAX?
About the coin
OAX is an ERC20 token developed to fuel the open-source decentralized exchange platform known as openANX. The platform aims to provide a more efficient and secure trading environment by leveraging blockchain technology. The token plays a crucial role in the ecosystem, facilitating various functions and ensuring smooth operations within the platform.
Main features
The openANX platform offers several key features designed to enhance the trading experience. One of the primary features is an aggregated order book, which helps increase liquidity by combining orders from multiple sources. This ensures that traders have access to a wider range of trading options and better pricing. Additionally, the platform holds collateral for asset gateways, which helps reduce credit risk for users. This feature provides an added layer of security, ensuring that users' assets are protected.
How it works
The openANX platform operates with a unique off-chain, predetermined dispute resolution system. This system is governed by a Decentralized Autonomous Organization (DAO), which maximizes consumer protection by ensuring fair and transparent resolution of disputes. The DAO governance model allows for community participation in decision-making processes, enhancing the platform's decentralization and trustworthiness.
Wallet for OAX
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Tangem supports networks for OAX
- Ethereum
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OAX FAQ
- OAX is a blockchain-based digital asset used for transferring value and interacting with decentralized applications. It operates without central control, relying on distributed network technology.
- Its main advantages include speed, accessibility, and compatibility with decentralized tools. The network is optimized to handle different types of operations.
- Yes, both names point to the same token. OAX is just the shorthand symbol used for market and wallet displays.
- You can buy OAX using on-ramp services available in Tangem Wallet or exchanges. After purchasing on an exchange, you can transfer it to your Tangem Wallet.
- The safest option is to use a hardware wallet that keeps your private keys offline. Tangem provides secure cold storage protection.
- OAX is an ERC20 token developed to fuel anopen-source decentralized exchange platform“openANX” which provides an aggregated order book to increase liquidity; holds collateral for asset gateways to reduce credit risk; and features an off-chain, predetermined dispute resolution system governed by the Decentralized ...
How to secure OAX with Tangem Wallet?
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