OpenANX Price

OpenANX is a decentralized cryptocurrency token built on the Ethereum blockchain. It was created to support the openANX project, which aims to develop an open-source and transparent decentralized exchange platform. OAX tokens can be used to obtain membership in the openANX DAO (Decentralized Autonomous Organization) and participate in governance decisions related to the platform. Key features of OpenANX: - Current price: $0.01594 - 24h trading volume: $137.32K - Market cap: $889.35K - Circulating supply: 55.79M OAX - Max supply: 100M OAX OpenANX was launched in June 2017 through an initial coin offering (ICO). The token is designed to facilitate decentralized trading, risk assessment, and dispute resolution within the openANX ecosystem. By holding OAX tokens, users can gain voting rights on key operational decisions for the platform. As of 2025-06-27, OpenANX ranks #2929 among all cryptocurrencies by market capitalization. The token has seen a 24-hour price change of +21.8%. Its all-time high price was $2.34 (reached on January 7, 2018), while its all-time low was $0.009533 (on March 14, 2025).

OpenANX was created in June 2017. The project launched its initial coin offering (ICO) on June 22, 2017, raising funds to develop its decentralized exchange platform. The OAX token was issued as an ERC-20 token on the Ethereum blockchain at that time. Since its creation, OpenANX has aimed to build an open-source and transparent trading ecosystem, integrating features like credit risk assessment and dispute resolution to address long-standing uncertainties in cryptocurrency markets.

The founders of OpenANX are Hugh Madden, Ken Lo, and Dave Chapman. These three individuals co-founded the OAX Foundation in 2017 with the goal of developing decentralized exchange technology and promoting transparency in the cryptocurrency trading ecosystem. The OAX Foundation launched OAX as its native token to support the development of decentralized financial infrastructure and governance. While the founders have backgrounds in finance and technology, they aimed to create an open-source platform that could help address challenges around liquidity and trust in cryptocurrency exchanges.

OpenANX works as a decentralized cryptocurrency on the Ethereum blockchain. It utilizes smart contracts to enable transparent and secure transactions. The OAX token serves as the native utility token of the openANX platform, which aims to create an open-source and decentralized trading ecosystem. Key features of how OpenANX works: 1. Governance: OAX token holders can participate in voting on important decisions related to the openANX platform. 2. Membership: Tokens can be used to acquire DAO membership and associated rights within the openANX ecosystem. 3. Risk assessment: The platform incorporates credit risk evaluation and structured dispute resolution mechanisms. 4. Collateralized deposits: Users can provide collateral to enhance trust and security in transactions. 5. Hybrid model: OpenANX combines centralized exchange mechanisms (CEM) with decentralized features for improved efficiency and transparency. The total supply of OpenANX is capped at 100M OAX, with 55.79M OAX currently in circulation. The token's value is determined by market demand and its utility within the openANX ecosystem. As of 2025-06-27, OpenANX is trading at $0.01594 with a market cap of $889.35K.

OpenANX is built on the Ethereum blockchain as an ERC-20 token. Its technical architecture leverages smart contracts to enable decentralized trading and governance functionalities. The platform utilizes a hybrid model that integrates centralized exchange mechanisms (CEM) with decentralized features like credit risk assessment, structured dispute resolution, and collateralized deposits. This architecture aims to create an open-source and transparent trading system that helps users, providers, and third parties evaluate market uncertainties. OpenANX tokens can be used to participate in the project's DAO, granting voting rights on key operational decisions related to the OpenANX platform. The total supply is capped at 100M OAX, with 55.79M OAX currently in circulation. The Ethereum-based infrastructure allows for seamless integration with other DeFi protocols and provides a foundation for future scalability and interoperability improvements.

The future and roadmap of OpenANX (OAX) looks promising. The project aims to continue developing its decentralized exchange platform and expand its ecosystem. Key focus areas include: 1. Enhancing liquidity and trading features on the OpenANX DEX 2. Integrating more blockchain networks to improve interoperability 3. Launching new DeFi products and services 4. Expanding partnerships within the crypto industry 5. Improving governance mechanisms for OAX token holders The team plans to release regular updates and new features throughout 2025 and 2026. Long-term goals include becoming a leading decentralized trading platform and expanding OpenANX's use cases beyond just exchange functionality. While specific price predictions are uncertain, some analysts project OAX could reach $0.01942 by 2026 and potentially $0.02662 by 2030 if development and adoption progress as planned. However, investors should conduct their own research, as the crypto market can be volatile. Overall, OpenANX aims to play a significant role in the future of decentralized finance and cryptocurrency trading. The project's commitment to transparency, security, and continuous improvement positions it well for potential growth in the coming years.