What is OAX?
OAX (OAX) is a native Ethereum divisible virtual token that boasts up to 18 decimal places. The goal of the OAX Foundation is to address technical challenges in the space through tools, applications, technology, and better community support. OAX's whitepaper outlines the evolution of various technologies, including decentralized or centralized exchanges, ICOs and STOs, and DeFi. These advancements require experts to come together to ensure optimal support in the space.
OpenANX is the platform that leverages the advantages of technical evolution on the Ethereum blockchain, such as payment channels, to overcome the hurdles faced by the current CEM (centralized exchange model). The platform combines the solidities of the current CEM with the operations and attributes of the decentralized prototype while avoiding the drawbacks of both systems. OpenANX does this by leveraging technological refinements and a peer-reviewed and enforced open-source code.
The platform's transparency and subjectivity make it open to probing and intake from individuals and the broader community. OpenANX provides gateway services and bridging to decentralized exchange services for Ethereum ERC20 tokens, which can be available in native form or tokenized models of off-blockchain assets. The platform uses Ethereum smart contracts to handle and drive the market structure and is a standard implementation interface to enable better account administration and trading.
Hugh Madden, Dave Chapman, Claudia Lau, David Tee, and Ken Lo are the co-founders of OAX. Their goal is to provide optimal support in the space through technical expertise and community support. The OAX Foundation aims to render optimal support in the space via tools, applications, technology, and better community support.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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