OAX

Last modified on 11. October 2020

Quick Facts

OAX is a medium-sized cryptocurrency. On 1 October 2020, it had a market capitalization of over US$ 5.5 million, meaning it had captured less than 0.01 percent of the market for digital currencies.^1|2 OAX is also its ticker symbol.

The user known as AsiaNexgen introduced OAX on 1 June 2017 via bitcointalk.org. The logging of real-time trading data by coinmarketcap.com subsequently began in August 2017.

oax.org

Quarterly Averages

This section presents the quarterly averages (trimester) for trading volume, market capitalization and trading price for 2017, 2018, 2019 and 2020.

Trading Volume & Market Capitalization

For example, OAX had an average trading volume of nearly US$ 3.1 m per day for the first trimester of 2019. This figure came to nearly US$ 2.4 m during the same period in the previous year. The trading volume increased by 30 percent accordingly.

The average market capitalization during the first trimester of 2019 was nearly US$ 3.5 m. In the same time frame of 2018, this figure came to over US$ 24.1 m. Market capitalization dropped down accordingly by 85.6 percent.

Trading Price

The average trading price in the first trimester of 2019 was just above US$ 0.15. In the same period of 2018, this figure came to just under US$ 1.10. The price dropped accordingly by 86.3 percent.

The all-time high of OAX in 2018

The price of the OAX currency climbed to a peak in January 2018 at US$ 2.92. The equivalent market capitalization of the token reached nearly US$ 56 million. This put OAX in the ballpark of certain other digital currencies, such as MintCoin, GridCoin, SolarCoin, Expanse and Myriad, among others.

OAXs all-time high compared to Bitcoin and the most renowned companies worldwide

Bitcoin, by far the largest cryptocurrency at the time, had a market capitalization of US$ 277 billion on that day. Apple Inc., one of the most highly valued brands in the world, stood at US$ 890 billion. And Volkswagen AG, the world’s largest vehicle manufacturer as of 2018, at US$ 108 billion.

• OAX (OAX): 0.056 bn US dollars
• Bitcoin (BTC): 277 bn US dollars
• Apple (AAPL): 890 bn US dollars
• VW (VWAGY): 108 bn US dollars
• Date: 7 January 2018

March 2019: an interesting date following the big cryptocurrency crash

On 1 March 2019, the price of OAX stood at just above US$ 0.13 with a market capitalization of nearly US$ 3.2 million. This is a retracement down to approximately 4.5 percent in comparison with the peak trading price described above.

Bitcoin dropped down to approximately 19.5 and Ethereum to about 9.7 percent of their all-time-high trading prices around that time.

More Details

The OAX-Token is not a native digital currency and is not generated through mining. It has no maximum number of tokens, unlike HedgeTrade, for example. If you are interested in the source code, be sure to also visit the GitHub page.

Block height and other real-time metrics around current OAX transactions can be traced through this block explorer.

Further details about OAX, including the white paper and other links to source code, community forums and social media accounts can be found on oax.org.

Markets

USD

There are a number of platforms where you can buy or sell OAX, including HitBTC and Gate.io.

BTC

A large market for buying or selling OAX in BTC is Binance. Additional trading platforms for buying or selling OAX in BTC are HitBTC, Gate.io and CoinDCX, among others.

Social Links

Take a look at the following social media channel to speak directly to the OAX team:

• Twitter (@OAX_Foundation)

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^{1. This figure changes to 0.0037 percent when taking Bitcoin out of the equation.}

^{2. Read about our sources}