A Beginner's Guide To Investing In Oax Coin

OAX is a digital asset established by the OAX Foundation in 2017. The foundation's mission is to contribute to the growth of the digital asset industry through technology development, community support, and ecosystem advancement. OAX operates on the principles of openness, trustlessness, and strong governance. It has developed a Layer 2 Protocol (L2X) that addresses scalability, dispute resolution, and more for decentralized exchanges. The current price of OAX is $0.15 per OAX, with a 24-hour trading volume of $845,710. If you're interested in investing in OAX, here's what you need to know about how to get started.

Where to buy OAX coin

OAX is a digital asset established by the OAX Foundation in 2017. It is built on the belief that decentralised finance and digital assets will play a crucial role in the future of mainstream finance and commerce.

If you want to buy OAX coin, you can do so on the following cryptocurrency exchanges:

• Gate.io: the most popular exchange to buy and trade OAX, with the most active trading pair being OAX/USDT.
• Binance: one of the top exchanges for trading in OAX stock.
• BTCC: one of the top exchanges for trading in OAX stock.
• Bitget: one of the top exchanges for trading in OAX stock.
• BingX: one of the top exchanges for trading in OAX stock.
• XT.COM: one of the top exchanges for trading in OAX stock.
• Coinbase: OAX is available on the Coinbase wallet.

It is important to note that OAX is not tradable on Coinbase.

OAX price history

OAX is a digital asset established by the OAX Foundation in 2017. The OAX Foundation identified four main challenges in the digital asset industry: speed, scalability, interoperability, and trust. The OAX coin was created to address these challenges and contribute to the growth of the digital asset industry.

The OAX coin has had a volatile price history. As of September 2024, the price of OAX is $0.15 per coin, with a 24-hour trading volume of $845.71K. This is a 6.74% increase in the past 24 hours but a 13.98% decrease in the past week. The highest price paid for OAX since its launch was $2.92, and the coin is currently valued at 94.90% below this all-time high.

In March 2024, the live price of OAX was $0.329679 per coin, with a market cap of $25.40 million. This was a significant increase from the price of OAX in March 2020, when it was trading at around $0.74 above its initial price.

The OAX coin can be purchased on various cryptocurrency exchanges such as Binance, BTCC, Bitget, BingX, and XT.COM. It is also available on the Coinbase wallet.

OAX market cap

OAX is a digital asset established by the OAX Foundation in 2017. The foundation's mission is to contribute to the growth of the digital asset industry through technology development, community support, and ecosystem advancement. OAX is built on the belief that decentralised finance and digital assets will play a crucial role in the future of mainstream finance and commerce.

The OAX Foundation identified four main challenges in the digital asset industry: speed, scalability, interoperability, and trust. The foundation aims to address these challenges through the development of tools, technology, and community support.

The current market cap of OAX is $11.47 million, with a 24-hour trading volume of $845,710. The price of OAX has increased by 6.74% in the past 24 hours but has fallen by 13.98% in the past week. The current price is $0.15 per OAX, with a circulating supply of 77,034,446.486 OAX.

Market capitalisation, or market cap, refers to the total market value of a cryptocurrency's circulating supply. It is calculated by multiplying the current price of the cryptocurrency by the number of coins in circulation. In the case of OAX, the market cap is calculated by multiplying the current price of $0.15 by the circulating supply of 77,034,446.486 OAX, resulting in a market cap of $11.47 million.

A high market cap implies that an asset is highly valued by the market. OAX's market cap of $11.47 million suggests that it is relatively highly valued by investors. However, it is important to note that the market cap can fluctuate and is influenced by various factors, including the supply and demand for the cryptocurrency, as well as overall market sentiment and news.

In addition to market cap, other factors to consider when investing in OAX include its price history, use cases, and the team behind the project. It is also important to conduct your own research and consult with a financial advisor before making any investment decisions.

OAX trading volume

OAX is a digital asset established by the OAX Foundation in 2017. The foundation's mission is to contribute to the growth of the digital asset industry through technology development, community support, and ecosystem advancement. OAX operates on the principles of openness, trustlessness, and strong governance.

As of September 2024, the 24-hour trading volume of OAX ranges from $645,556 to $845,710. The trading volume of OAX has seen a 38.80% increase from the previous day, signalling a recent rise in market activity.

OAX can be traded on various centralized crypto exchanges, including Gate.io, Binance, BTCC, Bitget, and BingX. The most active trading pair for OAX is OAX/USDT, with a 24-hour trading volume of $30,536.65 on Gate.io.

The OAX Foundation has developed the Layer 2 Protocol (L2X), which addresses scalability, dispute resolution, and other challenges faced by decentralized exchanges. The protocol enables platform users to settle disputes directly without the need for third-party custodians.

OAX Layer 2 protocol

OAX is a digital asset established by the OAX Foundation in 2017. The foundation's mission is to contribute to the growth of the digital asset industry through technology development, community support, and ecosystem advancement. OAX is built on the belief that decentralised finance and digital assets will play a crucial role in the future of mainstream finance and commerce.

The OAX Foundation identified four main challenges in the digital asset industry: speed, scalability, interoperability, and trust. To address these issues, OAX developed a Layer 2 Protocol (L2X) that focuses on scalability, dispute resolution, and more for decentralised exchanges. The L2X protocol allows for the dispute resolution process to take place on-chain, enabling platform users to settle disputes directly without the need for third-party custodians.

The OAX Foundation released the open-source code for the Layer 2 Exchange (L2X) protocol in August 2019, marking a significant milestone in its mission to build the next generation of decentralised exchanges. The L2X protocol addresses issues of speed and scalability for decentralised exchanges, with the intention of having the primary demand for the OAX token driven by its use as a transaction fee for all L2X transactions.

The OAX Foundation has also developed the Notifs app, a DeFi Portfolio Tracker, which was launched in 2023. The app helps users get visibility and updates relevant to their portfolio.

Frequently asked questions