About Oax (OAX)
Oax provides support to organizations and entities that are actively building within the crypto and blockchain space. The supporting entity, Oax Foundation, claims the fundamental aim of Oax is to assist pioneers in the digital assets and blockchain space in developing the alternatives which the foundation believes will shape the future of finance and technology.
Oax purports to assist developers and creators in the blockchain and digital asset space through tools, technology, applications, and community support.
Oax has developed the OAX Layer 2 protocol and para chains, which are implemented on the Polkadot network. The developments are classified as methods in which the foundation offers blockchain technology support.
Oax also supports DeFi ecosystem advancement by developing features of the Polkadot network and working together with what the foundation classifies as fellow like-minded industry institutions. The Oax Foundation renders community and industry support to build a strong ecosystem for the growth of the digital asset industry.
Speaking and teaching engagements, considering submitted proposals, and sponsoring reports and research related to the development of the digital asset industry are all listed as activities the foundation engages in.
The Oax project also intentionally assists in developing viable decentralized options for traditional finance solutions and ecosystems by building tools to bridge the new and developing digital asset economy. The Oax Foundation has a clear goal and mission to support the industry through building tools, technology, applications, and community support.
The cryptocurrency that helps by operating within and powering the Oax decentralized ecosystem is fundamentally an ERC-20 token made to move on the Ethereum blockchain network. In 2021 Oax began minting on the BNB Smart Chain as well. The Oax network digital asset is known by its token ticker $OAX. The live price of OAX is updated and available in real-time on Binance.