OAX is a decentralized finance and digital assets platform promoted by the OAX Foundation. It was set out in 2017 with their deep-rooted beliefs for the collaborative nature of DeFi to push the applicability of blockchain technology in new spaces.
OAX platform is powered by its native utility token with the same name. OAX offers a wide range of tools, including web3 portfolio management, scalability solutions, and research.
This article will provide an in-depth description of the OAX platform and its gas token. We will go into the specifics of the major features of the platform, the economics of the token, its past performance, and future price forecasts.
As we get to the end of the piece, I will share information on where you can get this token, should you need to know.
Let’s begin without any further ado.
OAX (OAX) Key Features
| Notifs App | The Notifs app allows tracking digital assets and Bitcoin spot ETFs. It uses features like AI news and offers an on-chain whale tracker. |
| OAX DeFi Parachain | OAX offers features for the parachain of the Polkadot Network. |
| Layer 2 protocol | OAX’s layer 2 solution (L2X) improves scalability and dispute resolution among others for decentralized exchanges. |
| Community and Research | Apart from internal development, OAX tries to support the industry. The foundation also explores regulations of the crypto industry. |
OAX (OAX) Tokenomics
The total supply of OAX is 100 million tokens and the maximum supply is capped at the same numbers. Out of these, only 77,034,446 tokens are in existing supply.
OAX (OAX) Past Performance
The OAX token was listed on exchanges in mid-2017. After the initial launch, the token gained some good initial momentum and peaked at $2.92 in January 2018. However, this was followed by a sharp correction and the OAX has been trading at around $1 ever since.
As of the time of writing, OAX is trading at $0.2262, which is 6.79% up from yesterday.
The token now makes up a $17.45 million market capitalization. The 24-hour trading volume is at $24.99 million.
OAX (OAX) Price Prediction
Technical indicators suggest that the current market sentiment is neutral although the fear & greed index is at 67, indicating greed.
OAX recorded 12 (40%) green days in the past month with a reasonable 14.11% price volatility. Our analysts think that now is a good time to buy OAX.
2024: In 2024, the price of OAX is expected to go up by 2.46% and peak at $0.244083 by the end of May.
2025: Moving to 2025, the price of OAX is predicted to fall between $0.198090 on the low end and $0.328867 on the upper end. If we compare this to today’s price, this will translate into a significant 46.00% return if the OAX token hits the upper price target.
2030: Fast forward to 2030, OAX price is expected to fall in the range of $0.021142 and $0.228802. In comparison, OAX would, at best, deliver a 1.79% by 2030.
Where to Buy OAX (OAX)?
Thanks to the popularity of OAX, you have plenty of options when it comes to where you can buy your tokens. The following places are where get the most liquidity.
How to Buy OAX (OAX)?
Follow the steps below to buy the OAX token from Binance.
- First, go to the Binance website and sign up for a free account. Also, complete the verification process. You can also do this on their smartphone app.
- Next, log in to your account and add funds to your wallet via credit card or bank transfer.
- Go to the trading section and click ‘buy ’. Check payment details and confirm the order within a minute.
- First, buy a stablecoin like USDT and use it then to buy the OAX token.
Conclusion
OAX offers a range of nifty use cases in the field of DeFi. The platform also sets out a long-term vision, contributing to the growth and development of the overall crypto ecosystem. The market performance of the platform’s native token, OAX, has so far been mediocre. However, in the context of the current situation, the token carries great upside potential.
With that being said, it is crucial to note that crypto instruments, because of their still-novel nature, are extremely volatile and are considered a high-risk investment class. The reader is advised to do their own research before making investments in such assets. It will also be prudent to stay away from investing in leveraged instruments or with borrowed money.
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