The OAX Foundation was founded in 2017 with the belief that decentralized finance and digital assets would be an important aspect of mainstream finance and commerce in the future. The Foundation’s deep-seated beliefs in decentralized finance’s collaborative nature have served as a foundation for collaboration with important actors in the industry to explore and expand the technology’s potential.
OAX is a blockchain network with the goal of strengthening the digital asset ecosystem by increasing efficiency, transparency, and encouraging good governance standards. The OAX network also functions as a decentralized digital asset exchange platform, or a cryptocurrency exchange in basic terms.
What is OAX [OAX]?
OAX is a blockchain network that aims to improve the digital asset ecosystem by boosting efficiency, transparency, and supporting good governance practices. In simple terms, the OAX network serves as a decentralized digital asset exchange platform, or a cryptocurrency exchange.
ANX International is developing OAX (formerly OpenANX), a cryptocurrency trading platform. The company in question is one of the world’s largest blockchain development groups, founded in 2013 and based in Hong Kong. Their decentralized market exchange, the OAX platform, is designed to combine all of the best features of traditional centralized exchanges with the benefits of decentralization, such as transparency.
Who Are the Founders of OAX [OAX]?
Ken Lo, the CEO of ANX International and co-founder of OAX, is a seasoned business executive with over 20 years of expertise in business strategy with firms such as Accenture and Verizon. He has also worked in the blockchain industry for over 6 years.
Hugh Madden, a co-founder of the project and the guy behind the OAX idea, is another co-founder. He is a cybersecurity expert who founded his first security services company at the age of 16. Before co-founding ANX International, he worked for financial services organizations AXA and HSBC.
Dave Chapman is the company’s third co-founder and also serves as the COO of ANX International. He has worked with Barclay’s, ABN AMRO, and HSBC, and has substantial financial services experience.
David Tee, the fourth and final co-founder, completes the founding members. He has more than 25 years of corporate finance experience, including mergers and acquisitions, equity and debt financing, private placements, and restructurings.
What Makes OAX Unique?
Credit risk assessment, structured dispute resolution, and collateralized deposit schemes are among the elements planned for this exchange, according to their proposals. The goal of adding these features is to increase usability while also giving users and their parties more options, which is what DeFi is all about. According to CoinSwitch, the OAX code is open source, which means that any blockchain developer can contribute to the network’s development. The OAX coin is used to carry out transactions on the OAX network. Many crypto experts believe that OAX is an excellent long-term investment.
Where Can You Buy OAX [OAX]?
If you’re looking for a place to purchase OAX, the best cryptocurrency exchanges to use right now are Binance, Gate.io, and CoinDCX.
Frequently Asked Questions
Can I Buy OAX [OAX] With Cash?
No. There is no direct method to purchase OAX using cash. You can, however, utilize markets such as LocalBitcoins to first acquire BTC, and then complete the remainder of the procedures by moving your BTC to the appropriate AltCoin exchangers.
Are there any quick ways to buy OAX [OAX] in Europe?
Yes, in reality, Europe is one of the easiest countries to acquire cryptocurrency in general. There are also online banks where you can create an account and send funds to exchanges like Coinbase and Uphold.
On what factors does the price of the OAX [OAX] Depend?
Exchange inflows and outflows, technical and fundamental changes, the news cycle, and the overall economic climate are all variables that impact ZI price and market cap.
OAX Official website –https://oax.org/
OAX Twitter –https://twitter.com/OAX_Foundation
OAX Reddit – https://twitter.com/OAX_Foundation