| General information | |
|---|---|
| Global rank: | 4311 |
| Name: |
Open Exchange Token |
| Symbol: | OX |
| Current coin price (BMD): | 0.004 $ |
| Last hour: | arrow_downward-0.130 % |
| Last 24 hours: | arrow_upward1.15 % |
| Last 7 days: | -20.48 %trending_down |
| Capitalisation (BMD): | 0.000000 $ |
| Volume 24h (BMD): | 28 127.00 $ |
| Available supply: | 0.000000 OX |
| Total coin supply: | -1 OX |
| Start date: | 2023-05-29 |
Open Exchange Token/Bermudan Dollar (OX/BMD) price chart
Open Exchange Token/Bermudan Dollar (OX/BMD) capitalisation and volume charts
Open Exchange Token, also known as OX, is a cryptocurrency token associated with the Open Exchange (OPNX) project. OPNX is the world’s first exchange for trading crypto spot, derivatives, and claims on public orderbooks. The project was officially launched on April 3, 2023, as the world’s first crypto and claims exchange. On May 31, 2023, OPNX launched its new token $OX.
The OX token introduces a new exchange token model at the heart of the Open Ecosystem, comprising OPNX, The Herd (where users stake $OX and vote on governance), and a host of upcoming products. OX disrupts the typical CEX token incentivization model by pioneering a staking fee discount model that is democratic, dynamically adjusting, and promotes alignment between the exchange and traders. Every user can receive up to a 100% fee discount in perpetuity by staking $OX tokens proportional to their share of trading activity.