OAX is a sustainable Ethereum-based digital asset ecosystem focused on decentralization and eliminating centralization in bartering transactions. It leverages advancements like payment channels to overcome issues with centralized exchanges. The native utility token, OAX, is used for transactions within the platform, aiming to increase demand and value as the platform grows.
The OAX crypto token is the native utility token of the OAX platform, which aims to create a sustainable digital asset ecosystem. The primary use of the OAX coin is for conducting transactions within the platform. As the platform grows, more use cases are expected to be developed, increasing demand for the token and potentially driving up its price.
To store OAX tokens, you can use various crypto wallets that support the ERC-20 token standard. Here are some options:
MetaMask: This is a popular browser extension and mobile app that supports multiple blockchains, including Ethereum, where OAX is based. You can add custom tokens like OAX to your MetaMask wallet.
Exodus: This is a multi-cryptocurrency desktop and mobile wallet that supports over 100 cryptocurrencies, including OAX. It has an intuitive interface and allows for easy management of your tokens.
Hardware Wallets: You can also store OAX tokens in hardware wallets like Ledger Nano S and Trezor. These wallets provide an additional layer of security by storing your private keys offline.
MyEtherWallet: This is another option for storing OAX tokens, as it supports all ERC-20 tokens.
Defiant: Defiant is a mobile platform that supports Rootstock and the ERC20 Token Standard, making it suitable for storing OAX tokens.
Liquality: Liquality is a browser extension that supports multiple blockchains, including Ethereum, and can be used to store OAX tokens.
Before choosing a wallet, consider factors such as security, ease of use, and compatibility with your devices.
To buy OAX tokens, follow these steps:
Choose an Exchange: Select a reputable cryptocurrency exchange that supports OAX trading. Some popular options include Binance, CoinDCX, and other exchanges listed on Bitcompare.
Register and Verify: Create an account on the chosen exchange's website or mobile app. Provide personal information and identity verification documents as required.
Fund Your Account: Transfer funds to your exchange account using supported payment methods such as bank transfer, credit card, or debit card.
Search for OAX: In the exchange's marketplace, search for "OAX" (OAX) and select it.
Enter Purchase Amount: Enter the desired amount of OAX you wish to purchase.
Preview and Confirm: Preview the transaction details and confirm your purchase by clicking the "Buy OAX" or equivalent button.
- Store Your OAX: Once the purchase is processed, your OAX tokens will be deposited into your exchange wallet. For security reasons, consider transferring them to a hardware wallet like Ledger or Trezor.
Remember to carefully consider your investment experience, financial situation, investment objectives, and risk tolerance before making any investment decisions. Cryptocurrency prices are subject to high market risk and price volatility.