OAX
OAX
OAX Feed: Events, News & Roadmap
OAX to Be Delisted From Binance on December 10th
Binance delist and cease trading on all spot trading pairs for the OAX (OAX) token on December 10th.
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What is OAX?
OAX is a decentralized exchange platform built on the Ethereum blockchain, enabling users to trade cryptocurrencies without the need for a central authority or intermediary. The platform leverages smart contracts to automate trading processes, ensuring security, transparency, and full user control over their assets.
OAX employs an innovative “off-chain matching” mechanism, where the order book is stored outside the blockchain in a database maintained by trusted parties. This approach accelerates order matching and reduces the computational load on the Ethereum blockchain. The platform is secured by a proof-of-stake consensus mechanism, where token holders validate transactions, ensuring network integrity while earning rewards for their contributions.
The OAX token serves as the native currency of the platform, used for transaction fees and other services within the ecosystem. Token holders play an active role in the network’s decentralized governance and earn rewards for participating in transaction verification. This incentivizes users to act in the best interest of the network, ensuring its sustainability and security.