OX Coin (OX) currency issuance time

OX Coin's initial issuance in 2018 through an ICO raised approximately $50 million, making it a notable event in the cryptocurrency landscape.

Dec 24, 2024 at 01:42 pm

Key Points:

• Overview of OX Coin (OX)
• OX Coin Issuance Time and Details
• History and Development of OX Coin
• Utility and Features of OX Coin
• OX Coin Market Performance
• FAQs Related to OX Coin

OX Coin (OX) Currency Issuance Time

• OX Coin (OX) was issued on March 27, 2018, through an initial coin offering (ICO).
• The ICO raised approximately $50 million from investors.
• A total of 100 million OX tokens were created at the time of issuance.
• OX Coin was initially offered at a price of $0.50 per token.

History and Development of OX Coin

• OX Coin is a decentralized cryptocurrency built on the Ethereum blockchain.
• The project was founded by Wei Zhou, a former engineer at Google.
• OX Coin aims to provide a frictionless and secure platform for data exchange and collaboration.
• Over the years, OX Coin has expanded its ecosystem with the development of various tools and applications, including the OX Protocol, OX Oracle, and the OX Bridge.

Utility and Features of OX Coin

• OX Coin is primarily used as a payment mechanism within the OX ecosystem.
• It serves as the native token for the OX Protocol, which enables data providers to monetize their data.
• OX Coin is also used for staking and governance, allowing holders to participate in the decision-making process of the OX network.
• Additional features include its use as a rewards token for data consumers and contributors.

OX Coin Market Performance

• OX Coin initially experienced a surge in price following its ICO launch.
• However, like many other cryptocurrencies, it faced significant volatility in the subsequent years.
• As of June 2023, OX Coin has a market capitalization of approximately $250 million.
• The token is traded on various cryptocurrency exchanges, including Binance, Coinbase, and KuCoin.

FAQs Related to OX Coin

Q: What is the purpose of OX Coin?
A: OX Coin is intended to facilitate data exchange and collaboration within the OX ecosystem.

Q: Who founded OX Coin?
A: OX Coin was founded by Wei Zhou, a former Google engineer.

Q: What is the total supply of OX Coin?
A: The total supply of OX Coin is 100 million tokens.

Q: On which blockchain is OX Coin based?
A: OX Coin is built on the Ethereum blockchain.

Q: Where can I buy OX Coin?
A: OX Coin can be purchased on cryptocurrency exchanges such as Binance, Coinbase, and KuCoin.