About the coin

OAX is an ERC20 token developed to fuel the open-source decentralized exchange platform known as openANX. The platform aims to provide a more efficient and secure trading environment by leveraging blockchain technology. The token plays a crucial role in the ecosystem, facilitating various functions and ensuring smooth operations within the platform.

Main features

The openANX platform offers several key features designed to enhance the trading experience. One of the primary features is an aggregated order book, which helps increase liquidity by combining orders from multiple sources. This ensures that traders have access to a wider range of trading options and better pricing. Additionally, the platform holds collateral for asset gateways, which helps reduce credit risk for users. This feature provides an added layer of security, ensuring that users' assets are protected.

How it works

The openANX platform operates with a unique off-chain, predetermined dispute resolution system. This system is governed by a Decentralized Autonomous Organization (DAO), which maximizes consumer protection by ensuring fair and transparent resolution of disputes. The DAO governance model allows for community participation in decision-making processes, enhancing the platform's decentralization and trustworthiness.