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How much is the OX Coin (OX) currency issued?
With a maximum supply capped at 100 million tokens, OX Coin is intended to maintain the stability and value of the OpenX platform.
Dec 21, 2024 at 08:49 am
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.
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