OAX is a project that aims to develop a sustainable digital ecosystem for the future, which is built on openness, trustlessness, and strong governance. The OAX project comprises two layers, layer one and layer two. OAX layer 1 is the base layer for the project, and it’s built on the Ethereum mainnet. OAX layer 2 is a scalability solution built on layer 1 to support the development of decentralized exchanges (DEX). It allows for off-chain transactions, features a dispute resolution mechanism, and ensures the security of all its users. The OAX ecosystem comprises Notifs, DeFi Parachain, OAX Layer 2, and OAX Community.
OAX is a project that aims to develop a sustainable digital ecosystem for the future, which is built on openness, trustlessness, and strong governance. The OAX project comprises two layers, layer one and layer two. OAX layer 1 is the base layer for the project, and it’s built on the Ethereum mainnet. OAX layer 2 is a scalability solution built on layer 1 to support the development of decentralized exchanges (DEX). It allows for off-chain transactions, features a dispute resolution mechanism, and ensures the security of all its users. The OAX ecosystem comprises Notifs, DeFi Parachain, OAX Layer 2, and OAX Community.
OAX is an ERC20 token developed to fuel an open-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 Autonomous Organization(DAO) to maximize consumer protection.