How much is the OX Coin (OX) currency issued?

OX Coin (OX) Total Issuance

Key Points:

• OX Coin supply is finite and capped at 100 million tokens.
• The distribution of tokens occurred through a combination of private sales, public rounds, and strategic partnerships.
• OX Coin held by the OpenX team and advisors have a vesting period.

Supply and Distribution

• Total Issuance: 100 million OX tokens.
• Initial Distribution: 42% via private sales, 25% via public rounds, 33% reserved for the OpenX team, advisors, and ecosystem development.
• Current Distribution: Majority of tokens are held by investors and community members, with a portion still held by the OpenX team and advisors.

Token Allocation

• Private Sale: 42 million tokens sold to initial investors and strategic partners.
• Public Rounds: 25 million tokens offered through various public token sales events.
• Team and Advisors: 20 million tokens allocated to the OpenX team and key advisors, with a 3-year vesting period.
• Strategic Partnerships: 8 million tokens allocated for strategic partnerships and ecosystem development initiatives.
• Reserve: 5 million tokens held as a reserve for future ecosystem initiatives and governance activities.

Vesting Period

• Tokens allocated to the OpenX team and advisors are subject to a 3-year vesting period.
• Vesting periods are designed to ensure alignment of incentives and prevent excessive market volatility.
• Gradual release of tokens over time helps maintain market stability and encourages long-term holding.

FAQs:

Q: What is the purpose of the OX Coin?

A: OX Coin is a utility token that fuels the OpenX decentralized platform for data and oracle services. It is used for payment of data requests, staking for consensus, and governance voting.

Q: How is OX Coin distributed?

A: OX Coin is distributed through a combination of private sales, public rounds, and strategic partnerships. The total supply is 100 million tokens, with a significant portion currently held by investors and community members.

Q: What is the price of OX Coin?

A: The price of OX Coin fluctuates based on market demand and supply. You can check real-time price data on cryptocurrency exchanges.

Q: Where can I buy OX Coin?

A: OX Coin can be purchased on various cryptocurrency exchanges, including Binance, Huobi, and OKX.